LAW #1.
A Metaverse must offer complete freedom, by utilising decentralization wherever possible.
Every single user, has the opportunity to have a voice on the platform, with the governance that decides the volume level, controlled by the users themselves.
LAW #2.
A Metaverse must aim to create a global universal income for every single user, by allowing and facilitating the distribution of wealth.
‘Dividends for All’ revenue share model is an entirely unique value proposition and promises to share the ‘wealth’ proportionately with users. Intrinsically linked to user acquisition, token trading volume and token price, a metaverse should aspire to create a global universal income for everyone that participates in the metaverse. The metanomics are designed in such a way that while the physical world’s economy may take a hit, this won’t effect the meta verse’s economy in such a negative way. Since users will have access to entertainment and communities that are completely autonomous to the outside world, within metaverse billionaires can be made while corporations crumble.
LAW #3.
A Metaverse must democratize the entire social system, by allowing users to control its policies through councils and public boards.
A metaverse must have the agenda to give back control to the users, and in doing so democratize the entire online social experience. One way this can be achieved is by launching community moderation , accepting users to become councillors, and creating a public board.
If you’re a metaverse and you are centrally controlled you’re horribly limiting your ability to scale. Not only that , but you’re going to anger a lot of people in the process! People don’t like monopolies, and with centralization comes monopolization. Add to this the limitations this enforces on innovation and the ability for creators, businesses, and societies to all get their fair share, and these businesses are only ever going to control a very small part of the metaverse (if any, eventually).
LAW #4.
A Metaverse must be based on the circular economy, meaning everything is considered a digital asset, and is sellable and tradable using the blockchain.
A metaverse economy must be circular and complete, which means like the physical world, everything can be bought, sold and traded, while it operates both across the digital and physical environments. A user’s content, their space PROFILE OR PROFILES and space names, space locations will have a value, and that value can be passed from user to user, within the digital realm and also exported to the physical world and used there.
LAW #5.
A Metaverse must encompass the above Laws, simulating human existence across the ages, and acting as a bridge to our physical world generating infinite possibilities.
By creating a complete simulation of human existence, and abiding by the Fifth Law, creates a virtual world that reflects the ability for users to communicate, find information and fulfillment within the metaverse, and allow for infinite possibilities.
This virtual world must become the new internet, Web3.0, and everything a human needs to do can be done here, it should be open, and provide endless possibilities to its users, not limited by the original designs.
Users must be able to build on top of this virtual world exactly like civilizations, over thousands of years, built the world we all live in today.
VR and 3D is just one way to represent the Metaverse, but it's not the definitive one! Any metaverse claiming their place must abide by all four previous Laws to be a true metaverse.
