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Promoting the spread of the Metaverse
Japan’s Ministry of Internal Affairs and Communications is soliciting comments on the “report (draft)” compiled by the “study group on the utilization of metaverses for the Web3 era.”
The purpose of this study group is to sort out issues related to information and communication administration regarding the utilization of the Metaverse in the Web3 era. The public comment period is from the 17th of last month to the 9th of this month, and the final report will be compiled based on the results.
Although the title says “Metaverse, etc.”, the core of the draft report is the Metaverse. From August last year to June this year, we held a seminar with experts to discuss policy issues that the government should consider, while various stakeholders are working to solve the issues related to the newly born Metaverse service. have been discussing.
In addition, the Ministry of Internal Affairs and Communications and other government agencies will implement the necessary measures for the policy issues summarized in this report, improving the convenience of Metaverse users in Japan and expanding the use cases of virtual space. I expect you to do so.
What is the Metaverse
A multiplayer 3D virtual reality world built on the Internet. There are various ways to use it, such as playing games, participating in live music, and attending company meetings through avatars.
Cryptocurrency Glossary
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Relationship with Web3
The Metaverse and Web3 are said to be compatible, but blockchain and crypto assets (virtual currencies) are not necessarily used in the Metaverse. The draft report states that “Web3 should not be seen as a precondition for the Metaverse, nor as an essential element.”
On the other hand, it is said that the opinion that the relationship between the two should always be conscious of is shown in the study group. In the draft report, the section on “organization of terminology” stated as follows.
There is also a view that the Metaverse makes it possible to experience new economic activities such as NFTs (non-fungible tokens) and crypto assets, and to connect with external economic spheres through these. From this point of view, it is important to pay attention to the relationship between Web3 and the Metaverse.
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The terms blockchain and NFT appear more frequently in the draft report than cryptoassets.
Regarding blockchain, he said, “If participants can control value using blockchain technology such as stablecoins, it may be possible to prevent platformers from setting rules based on their discretion.” Introduced that there was an opinion.
In response to this opinion, there was a voice saying, “Even if it is a stable coin, there is a possibility that flaws will be found in the algorithm, and it is possible that the platformer will be required to take a certain amount of responsibility.” It says.
In addition, due to the high degree of transparency of the blockchain, it is also suggested that if the open metaverse environment is taken into account, consideration should be given to matters such as whether measures are necessary for the acquisition of user information by platformers. ing.
Regarding NFT, it states that the legal position of virtual object transactions is being sorted out. In addition, it is said that it is also being discussed whether it is permissible for the NFT obtained in the game etc. to cease to be one’s own at the end of the service.
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