Europe’s Competition Commissioner Margrethe Vestager has her eye on metaverse competition. At a conference earlier today, she noted that previously it had been too slow to react to events as the economy becomes more digital. She wondered what competition should look like in the metaverse.
“We need to anticipate and plan for change, given the obvious fact that our enforcement and legislative process will always be slower than the markets themselves,” she said. ” For example, it is already time for us to start asking what healthy competition should look like in the Metaverse, or how something like ChatGPT may change the equation.”
She mentioned the Digital Markets Act, which came into force late last year and aims to regulate gatekeepers of substantial online platforms.
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