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Economy support
1 Introduction
This section Identifies the functionalities that a Metaverse Instance may make available to support economic activities in its Instance.
Activities
Assets
Agreements
Transactions
2 Activities
This subsection identifies and defines the Functionalities related to the Rights to perform Actions on an Entity.
| Area | 9. Economy |
| Subarea | 9.1 Activities |
| Title | 9.1.1 Activity Rights |
| Functionality | A User acquires the Rights to develop an activity in a Metaverse Environment. |
| Comment | The activity may be not for profit or for profit.
The User becomes an Operator of a Metaverse Manager or a Partner of a Metaverse Operator. The Rights include to offer Services. Services may be provided inside the Environment or outside (other Environments in the same or different Metaverse or the Universe). |
| Area | 9. Economy |
| Subarea | 9.1 Activities |
| Title | 9.1.2 Rights to act on Entities |
| Description | A User acquires the Rights to act on an Entity. |
| Comment | The Actions include:
1. Actuate 2. Animate 3. Authenticate 4. Ban 5. Compose 6. Create 7. Destroy 8. Discover 9. Edit 10. Export 11. Import 12. Instantiate 13. Interact 14. Interpret 15. Post 16. Register 17. Remove 18. Render 19. Select 20. Sense 21. Store 22. Transact |
3 Assets
This subsection identifies and defines the Functionalities related to Assets in a Metaverse Instance.
| Area | 9. Economy |
| Subarea | 9.2 Assets |
| Title | 9.2.1 Asset Creation |
| Description | A User creates an Asset from an Entity. |
| Comment | Rights enable Actions on an Asset. |
| Area | 9. Economy |
| Subarea | 9.2 Assets |
| Title | 9.2.2 Rights acquisition |
| Description | A Metaverse Environment offers Users the means to acquire Rights. |
| Comment | Rights may be acquired as a reward for doing something in the Metaverse Environment or by paying a fee. |
| Area | 9. Economy |
| Subarea | 9.2 Assets |
| Title | 9.2.3 Data access Rights |
| Description | A Metaverse Environment makes Data accessible to a User based on their Rights. |
| Comment | A User experiences a current or past Event of a Metaverse Environment subject to them having acquired specific Rights. |
| Area | 9. Economy |
| Subarea | 9.2 Assets |
| Title | 9.2.4 Asset Monetisation |
| Description | A User can monetise an Asset based on the the Rights to the Asset. |
| Comment | The User having created the Asset has the Right to request immediate payment and/or subsequent royalties for their NFTs. |
| Area | 9. Economy |
| Subarea | 9.2 Assets |
| Title | 9.2.5 Asset Monetisation Right |
| Description | A User obtains the Rights to monetise an Asset. |
| Comment | A User purchases an Asset with the Rights to resell it. |
| Area | 9. Economy |
| Subarea | 9.2 Assets |
| Title | 9.2.6 Asset trading |
| Description | A User acquires, leases, alienates, or exports Assets. |
| Comment | A Metaverse Instance may set rules governing the life cycle of Assets. |
| Area | 9. Economy |
| Subarea | 9.2 Assets |
| Title | 9.2.7 Blockchain-enabled Asset trading |
| Description | A Metaverse Instance relies on a Blockchain to enable Asset trading. |
| Comment | A Metaverse Instance may use an existing Blockchains or deploy a proprietary one. |
| Area | 9. Economy |
| Subarea | 9.2 Assets |
| Title | 9.2.8 Marketplace-oriented Asset trading |
| Description | A Metaverse Instance offers or relies on a Marketplace to enable Asset trading. |
| Comment | The Marketplace may use a Smart Contract to enable Asset trading. |
| Area | 9. Economy |
| Subarea | 9.2 Assets |
| Title | 9.9 Asset renting |
| Description | A User has Rights to an Asset for a duration of Time. |
| Comment | A User can occupy a Location excluding other Users for a duration of Time. |
4 Agreements
This subsection identifies and defines the Functionalities related to Agreements in a Metaverse Instance.
| Area | 9. Economy |
| Subarea | 9.3 Agreements |
| Title | 9.3.1 User agreement |
| Description | Users make agreements between and among themselves. |
| Comment | Users may use Smart Contracts to govern the terms and condition of the participation in the agreement. |
| Area | 9. Economy |
| Subarea | 9.3 Agreements |
| Title | 9.3.2 Environment Agreement |
| Description | Users make Agreements while being in an Environment. |
| Comment | Users may be in the same or different Environment or Metaverse. The case of a User being in the Universe should also be considered. |
5 Transactions
This subsection identifies and defines the Functionalities related to Transactions in a Metaverse Instance.
| Area | 9. Economy |
| Subarea | 9.4 Transactions |
| Title | 9.4.1 Asset posting |
| Description | A User posts an Asset to a Marketplace offering Rights to the Asset. |
| Comment | The User should have the Rights to post to the Marketplace. |
| Area | 9. Economy |
| Subarea | 9.4 Transactions |
| Title | 9.4.2 Rights in Transactions |
| Description | By executing a Transaction, User1’s Rights to act on an Asset are transferred to User2 while an agreed Amount is transferred from a Wallet of User2 to a Wallet of User1. |
| Comment | Transactions may involve:
1. Fungible Tokens (fiat or virtual currency). 2. Non-Fungible Tokens (NFT). The Amount transferred to the Wallet of User1 may be less than the Amount leaving the Wallet of User2. |
| Area | 9. Economy |
| Subarea | 9.4 Transactions |
| Title | 9.4.3 Intra-Metaverse Transactions |
| Description | Users make Transactions while being in an Environment. |
| Comment | Users may be in the same or different Metaverse Environment of the same Metaverse. |
| Area | 9. Economy |
| Subarea | 9.4 Transactions |
| Title | 9.4.4 Inter-Metaverse Transaction |
| Description | The object of the Transactions concerns different Assets in one or more Metaverse Instances or in the Universe. |
| Comment | Objects subject to transactions may be Environments, Objects, and Assets. |
