In a move indicative of the increasing importance of digital spaces, the European Union (EU) has voiced its intention to play a more active role in the creation of virtual worlds. As the significance of non-fungible tokens (NFTs) and virtual realities continues to grow, the EU finds it crucial to ensure adequate regulations that protect consumers and foster innovation. The details of how the EU aims to achieve this remain unclear, but the announcement signals an acknowledgment of the digital world’s importance and the need for its proper governance.
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