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This section Identifies the functionalities that a Metaverse Instance may make available to support economic activities in its Instance.
This subsection identifies and defines the Functionalities related to the Rights to perform Actions on an Entity.
|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).
|Title||9.1.2 Rights to act on Entities|
|Description||A User acquires the Rights to act on an Entity.|
|Comment||The Actions include:
This subsection identifies and defines the Functionalities related to Assets in a Metaverse Instance.
|Title||9.2.1 Asset Creation|
|Description||A User creates an Asset from an Entity.|
|Comment||Rights enable Actions on an Asset.|
|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.|
|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.|
|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.|
|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.|
|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.|
|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.|
|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.|
|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.|
This subsection identifies and defines the Functionalities related to Agreements in a Metaverse Instance.
|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.|
|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.|
This subsection identifies and defines the Functionalities related to Transactions in a Metaverse Instance.
|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.|
|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.
|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.|
|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.|