Metaverse

Definition: A medium, where humans can create and engage, within a shared collective digital context, as equal participants within a closed economy; subject to mutually re-enforcing social cohesion with a net positive impact for all participants. The metaverse is the contextual foundation for a digital world and digital commerce. The metaverse provides the legal framework that links the metaverse assets to the real world of ownership, via possession with Legal Title. It is inherent in the definition of a metaverse, that it must be preceded by and hence there must exist a conventional and concrete world. A metaverse implies a world or conception that requires the “real” world in order to move beyond it and hence acknowledge the existence of a digital world.

The metaverse cannot exist without the pre-existence of a convectional world, and hence its existence is bound to such pre-existence.

Digital assets now exist with digital scarcity, enforceable legal rights, and subject to legal title claims outside of the metaverse. Enforceable legal title to digital assets underpins the metaverse digital economy and all metaverse trade via, digital coin (as legal tender) based payments, with legal finality.

Founded upon self-sovereign, digital Secure Identities, with security preserving non-repudiation; supporting trade, via digital coin based payments, with persistent legal ownership and hence the accumulation of digital assets, which have realizable exchange value within and external to the digital world participants.

Legal title is the recognizable and enforceable ownership of property (legally encoded, non-fungible, digital assets as tangible property).

Charter

The metaverse membership reaffirms faith in fundamental human rights, in the dignity and worth of the human person and in the equal rights of metaverse members and have determined to promote social progress and a better standards of life for all. The metaverse ascribes the following natural rights to its membership, that are not dependent on the laws or customs of any particular culture or government, and hence are universal, fundamental and inalienable (they cannot be repealed by human laws). Natural law is the law of natural rights:

1. Everyone has the right to life, liberty and security of person.

2. No member shall be held in slavery or servitude to another member.

3. Every member has the right to own property alone as well as in association with others.

4. Every member shall have the right to a self-sovereign Secure-Identity, which is under a members exclusive control.

5. Every Secure identity shall have the ability to demonstrate the authenticity of ones Identity via non-repudiation.

6. No member shall be subject to surveillance or tracking of a members activities within a metaverse.

7. Every member shall have a right to exert control over their personal data and property to the exclusion of all others.

8. No one shall be arbitrarily deprived of his property.

9. No one may be compelled to belong to a metaverse.

10. Every member has duties to the community in which alone the free and full development of his personality is possible.

11. Every member shall have the right to remain within or leave a metaverse community without coercion or penalty.

12. Every member shall have an inalienable right to posses, own, delegate rights to and exert control over private property to the exclusion of all others.

13. Each Metaverse shall be a digitally secure and closed community.

The Creator Economy of the Omniverse

Max's equation of capital applies to both the physical universe and the metaverse or brane worlds, surplus value can only be created via the allocation of capital. The final goal M-C-M' is the circulation of capital within a creator based metaverse economy, via M' - M as surplus value (economic production).