The metaverse is more than a 3D virtual space—it’s a social paradigm shift. Users customize avatars to transcend physical limitations, attending virtual concerts or art exhibitions on platforms like Decentraland. Central to this is economic infrastructure: NFT technology enables digital asset ownership, allowing trades of virtual land, clothing, and even skills.

Evolution of Virtual Identities

1. Hyper-Realistic Avatars: Motion capture and AI generation create avatars that mirror user expressions and movements (e.g., Ready Player Me);
2. Decentralized Identities (DIDs): Users fully control identity data, preventing platform abuse (e.g., EU’s EBSI project).

Economic System Design

1. Dual-Token Model:
   • Stablecoins: For daily transactions (e.g., MANA token);
   • Governance Tokens: For platform decision-making (e.g., Decentraland’s LAND token).
2. Creator Economy: Users earn revenue through 3D modeling, coding, etc., fostering a self-sustaining ecosystem.

Challenges and Regulation

1. Virtual Crimes: Fraud and theft of digital assets require cross-platform enforcement;
2. Digital Addiction: Over-immersion may cause psychological issues, necessitating “anti-addiction systems.”