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Category - virtual economy

Digital Assets

The concept of ‘digital assets’ currently lacks a clear legal definition. This ambiguity leaves players without a suitable legal recourse in cases of theft, loss, or inheritance. Existing property laws may not fully apply, and while crypto-tokens like NFTs promised to resolve this legal uncertainty, it is now clear that the broader issues remain. The debate has long extended beyond video games, where virtual property rights have been debated for decades. As technology evolves, particularly in the Metaverse, establishing legal frameworks for digital asset ownership becomes increasingly crucial.
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