The CEO of CoinFlip said that metaverse coin projects that set strict codes of conduct will attract the most users and be successful. Ben Weiss said it is unlikely that any new regulation for crypto will hinder the growth of the metaverse. Weiss said that tax regulations and other rules that apply in the real world will also apply in the virtual worlds. Details at Kryptokoin.com .
Which metaverse coin projects will be successful?
Metaverse is causing a stir, both on Wall Street and to big brands that see it as the next big thing the internet will reach. According to Ben Weiss, the best and most successful metaverse company is probably the best at setting codes of conduct and control for a secure virtual environment. “You don’t want a metaverse where people say racist things, commit crimes, or act rebellious,” Weis said. So the best regulated companies on metaverse bases are probably metaverse servers that people will want to join,” he says. Metaverse is still in an early stage of adoption and the developers are working on the deep technology behind it. Weiss thinks the metaverse is probably a decade away from being commercially viable.
Celebrity CEO says:
For the Metaverse, or any technology, to be successful, you only need a few percent of people to start with. You don’t even need the majority of people to know this to be successful and gain momentum.
Weiss expects regulations to treat transactions the same as in the real world, saying:
For example, if you enter the metaverse and trade Bitcoin, you tax more than you do outside the metaverse. You will have the effect. These real-world regulations also apply to the metadata store to the extent possible. So I think it wouldn’t be that hard to actually have the edit.