Virtual Worlds

Definition ∞ Virtual worlds are simulated digital environments where users can interact with each other and with digital objects. In the context of digital assets, these often refer to metaverse platforms or online spaces where users can own, trade, and utilize blockchain-based assets like non-fungible tokens for land, avatars, or collectibles. These environments offer persistent digital economies and social experiences. They represent a significant area for the application of decentralized technologies.
Context ∞ News frequently covers the expansion and investment in virtual worlds, particularly those integrating digital asset ownership and decentralized governance models. Discussions often revolve around interoperability between different virtual platforms and the economic models supporting their internal markets. The legal and ethical implications of digital ownership and user behavior in these spaces are also topics of ongoing consideration.