Japan launches “Metaverse Economic Zones”: So what exactly are the “MEZs”?

Metaverse Economic Zones or MEZs refer to designated areas within a metaverse that are specifically designed to facilitate economic activity.

MEZs create virtual economies that can operate independently of physical economies, providing new opportunities for economic activity and innovation. They can also be virtual twins of a physical economic zone.

Metaverse Economic Zones can be created by developers, companies, or governments, and can have different rules and regulations governing economic activities within the zone. Some economic zones may have tax incentives or special regulations to encourage investment and economic growth, while others may be focused on facilitating the “BIG 7:”

Business
Education
Government
Healthcare
Environment
Entertainment and
Creative industries

MEZs activities can be facilitated by Metaverse Native Tokens (MNTs), governed in a centralised or consortium (corporate-controlled) fashion, or as a fully decentralised MEZ (managed via a DAO).

More on this next week at the BBA’s metaverse headquarters.