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Is Cryptocurrency the Future of Ecommerce?

Cryptocurrency the Future of Ecommerce

Cryptocurrency is growing in popularity and usage. The same can be said of eCommerce. In fact, in recent years, the world of eCommerce has rocketed in a way that no one predicted.  It doesn’t take much of a leap of logic to presume that the two may walk hand in hand in the not-so-distant future.

Ecommerce is any online transaction that pertains to a business. So where does cryptocurrency fit into that?

An Overview of Cryptocurrency

Cryptocurrency is an entirely digital-based currency. It has no physical form, in that it doesn’t exist outside of the online universe. It has gained traction over recent years and can be used for a whole host of things.

It is a completely peer-to-peer transaction. This means that there are no actual banks involved, and it is not regulated in any way or governed by any official body. You are in charge of and accountable for each and every transaction. Cryptocurrency is, however, recorded on the official domain called the blockchain so transactions can be monitored and logged.

Cryptocurrency operates with a variety of different coins, which can be stored in an online crypto wallet. Again, this is all virtual. It is also all hidden. This means your identity is protected and every time you spend or trade, it is under an assumed crypto identity.

With all that in mind, is this virtual, anonymous, and peer-to-peer financial model the future of eCommerce?

Cryptocurrency and Ecommerce

Currently, there are not a large amount of online retail outlets that accept payment in cryptocurrency.  There is still a lot of murky uncertainty that makes businesses nervous. Is that likely to change? We think so.

The future of online transaction finance is likely to migrate toward a cryptocurrency model. It has less associated risk in that you don’t have to trust a third party with your money. There is less room for fraudulent activity. It is easy to track and trace. It is also accessible across the globe, so there are no limits on a country to country transactions.

All of these things add up to an attractive prospect for online businesses. With few limitations, arguably fewer associated direct arrangement costs, and a worldwide transaction platform, what is there to not get excited about?

ACH Payments

This leads us onto discussing ACH payments.

ACH, or Automated Clearing House, is a payment network for financial transactions. ACH payment processing API from Envestnet | Yodlee provides the user with a way to transfer from a personal account to a business account without the stress of the middle man. The main attraction of ACH payment processing API is that it is always available and completely virtual and secure. It fully supports cryptocurrency and is being used more and more by eCommerce to carry out transactions.

There is a bright future for crypto concerning eCommerce. The world is looking for a new direction financially.  Peer-to-peer finance could well be the big step forward we’ve all been waiting for.

5 Ways To Get The Best NCERT Solutions Out Of A Social Science Textbook

NCERT

Learning is not fun, and it’s not easy too. It requires real effort, focus and lots of perseverance to get through a lecture. There’s always something that needs to be outside worked in today’s society. Wading through text-heavy assignments and following the ncert class 8 social science solutions is quite a tedious task and take a lot of time out of your daily life.

Why use a Social Science Textbook?

Although the use of social science textbooks has drastically increased in recent years, many people still do not know why they should use one. This article will provide a few reasons why you should choose a textbook over other sources when studying social sciences.

One of the main benefits of using a social science textbook is that it provides complete and accurate information. This is unlike other sources, which may contain inaccuracies or incomplete information. Social science textbooks are also designed to be used with other texts, which allows you to build a strong foundation of knowledge.

In addition, social science textbooks are usually more affordable than other sources. They also have more detailed content and are easier to follow. As a result, you will be able to learn more effectively and retain more information.

If you are looking for a reliable source of information for your social science course, choose a social science textbook!

What Do you Learn in Social Science Textbook?

You learn about the different theories and concepts that social scientists use to study society in social science textbooks.

One of the most important concepts you learn in social science textbooks is sociobiology. This is the study of how genetic factors and the environment cause social behaviour. It is also known as evolutionary psychology, and it is used to explain why people behave the way they do.

You also learn about different approaches to sociology. The quantitative approach uses data from surveys and experiments to study sociological phenomena. The qualitative approach uses interviews and observations to understand social groups and their interactions.

Finally, you learn about sociological theory. Sociological theory is a comprehensive framework that explains how different sociological phenomena work together. You learn about three main types of theory: functionalism, structuralism, and transformationalism.

5 Ways To Get The Best NCERT Solutions Out Of A Social

If you are looking to get the best possible NCERT solutions out of a social science textbook, you need to use these five tips.

1. Use a Study Guide

A study guide like Infinity Learn can help you understand the material in your social science textbook, and it can also help you prepare for the exams.

2. Question Everything

When reading your social science textbook, do not just accept what is presented on the page as truth. Challenge everything you read, and ask yourself why the author chose to give the information that way.

3. Take Practice Exams

Before you take your NCERT exams, practice using the questions from your study guide. This will help you become familiar with the exam format, and it will also allow you to improve your test-taking skills.

4. Get Feedback from Your Friends and Family

If you are struggling with a particular section of your social science textbook, ask your friends and family what they thought about the topic. They may have additional insights that you did not consider while reading the book.

How to utilize NCERT solutions in your coursework

One of the best ways to get the most out of using NCERT solutions in your coursework is to understand how they work and how to use them. Here are a few tips on how to do this:

1. Understand How NCERT Solutions Work

NCERT solutions help you quickly and easily find information from reliable sources. This makes them perfect for use in your coursework. By understanding how they work, you can use them to help you find the information you need quickly and easily.

2. Use NCERT Solutions to Help You Summarize Sources

Summarizing sources can be challenging. However, using NCERT solutions can make the process much easier. By using NCERT tools like notes and highlights, you can understand and summarize what you’ve read more easily.

3. Use NCERT Solutions to Aid In Research Projects

Research projects can be time-consuming and complex tasks. However, using NCERT tools like bibliographies and guides can make the process much easier. By having all of your resources at your fingertips, you’ll be able to carry out your research faster and with less difficulty.

Conclusion

Social science textbooks can be a vital resource when studying sociology, economics, political science, and other related fields. However, unless you know how to get the most out of them, they can be a waste of time. Therefore, it is essential to follow notes to remember them.

What is the Difference Between Medical and Regular Cannabis Seeds?

cannabis seeds

When it comes to cannabis seeds, there are a few things you need to know. While both types can be used for growing cannabis indoors and outdoors, they have different uses and qualities. The two main differences between medical and regular cannabis seeds are the legality of each variety and germination difficulty. Medical cannabis seeds are more restrictive than regular weed seeds because they must meet specific standards to be sold commercially. This means medical strains will not grow as tall or produce as much bud as their recreational counterparts. If you’re an avid gardener, chances are you already knew that. If not, keep reading to learn about the differences between medical and regular cannabis seeds and which one may work best for your indoor growing needs.

1. Legalities and Regulations

Medical cannabis seeds are highly regulated to maintain a certain standard of quality. Creating a product that meets the criteria is a complicated process that can take years to perfect. Fortunately, the regulations make the creation of high-quality medical cannabis seeds easier. Unlike regular weed seeds, medical varieties are not legal to produce across the country. For example, Canada has no laws prohibiting medical marijuana, but growing and selling seeds for medical use is banned. Other countries have different directions, but most operate under three principles: access to natural medicines, research, and medical cannabis for specific conditions.

2. Germination Difficulty

When it comes to cannabis seeds, you usually have two options: grow them yourself or go to a dispensary. Growing cannabis from a source is a complicated process. You have to know how to germinate, grow, and harvest it; you also must know when to replace the plant with a new one. When you take the dispensary route, you can buy various seeds that are ready to go. The genetics of each strain determine its difficulty when it comes to germination. While some are more difficult to germinate than others, they all require a different growing routine.

3. Germination Tips for Medical Cannabis Seeds

If you’re growing medical cannabis seeds, it’s essential to take them seriously. Some sources may take months to germinate, and if you’re not patient, you could give up before even trying. Before starting, make sure you have all the supplies on hand. Once you have everything you need, it’s time to work. Put the seeds in a dark, dry, and cool space with a temperature between 60 and 77 degrees Fahrenheit. This will help them germinate and increase their chance of survival. Once the seeds sprout, keep them away from light and water them lightly every few days. After a few weeks, the seeds should be able to survive on their own.

4. Differences in Strain Types

The genetics of each strain determine its difficulty when it comes to germination. While this will differ slightly between each type of cannabis seed, there are a few ways to tell what kind they are. The first thing to do is find the strain type. Once you have that information, you can look for specific characteristics as you shop. For example, if you’re buying medical cannabis seeds, look for India or Sativa strains. If you’re purchasing regular cannabis seeds, look for hybrid strains. These types will have Indica and Sativa genetics mixed in a single variety.

5. Which Type of Cannabis Seed Should You Grow?

You’re ready for the main event once you know what kind of cannabis seed you want to use. Before you even get started, it’s essential to know precisely how to choose the right strain for your growing needs. The first step to growing any cannabis is to select a location that suits your needs. A few factors come into play when deciding where to grow, such as sunlight exposure, temperature, and humidity. Once you know where to grow your cannabis, you can pick a type based on your preferences. You can start with a hybrid strain if you want the best of both worlds: the advantages of Indica and Sativa plants.

6. How to Grow Medical Cannabis Seeds

Look for a place that gets enough sunlight but not too much. Since you’re growing medical cannabis seeds, you want to ensure the plants get enough sunlight to grow. However, it’s important not to have too much sun exposure. This can lead to overheating and drying out the roots of your plant. It also won’t be as effective if you start with a hybrid strain. If you want the best of both worlds, go with an Indica or Sativa strain seed. These types are great for creating because they have all the benefits of both types of plants in one variety. They’re also better at regulating the temperature in your growing area and getting rid of moisture quickly when it needs to be dried up.

7. How Many Seeds Should You Grow?

When it comes to germination rates and how many seeds you should grow, a few factors influence this decision. First, you’ll want to decide how many sources you want to grow. If you’re going for the highest yields, you can go with a higher number of seeds. However, if you develop for the best quality bud, it’s better to start with less. Different strains have different germination rates. For example, some strains will germinate quickly, while others will take a long time before they sprout and grow. You should also consider which strain you grow based on what kind of bud you want. Sativa strains are better at producing high-quality buds, while Indica strains are more potent.

Medical and regular cannabis seeds are different, including legality and germination difficulty. The significant difference between the two types is their legality. Medical cannabis seeds are more restrictive because they must meet specific standards to be sold commercially. This means medical strains will not grow as tall or produce as much bud as their recreational counterparts. Regular cannabis seeds are legal to buy and sell across the whole country. When it comes to growing cannabis, there are a few things you need to know. While both types can be used for growing cannabis indoors and outdoors, they have different uses and qualities. The main difference between medical and regular cannabis seeds is their legality. Medical cannabis seeds are more restrictive because they must meet specific standards to be sold commercially. This means medical strains will not grow as tall or produce as much bud as their recreational counterparts. If you’re an avid gardener, chances are you already knew that. If not, keep reading to learn about the differences between medical and regular cannabis seeds and which one may work best for your indoor growing needs.

Slow Start But Early Signs Are Positive For Legal Gambling In Ontario

Gambling - cards

It is now nearly six weeks since Ontario, Canada, opened-up a legal online gambling market where private operators could compete with state-run lottery for the betting dollars of Ontarians looking to play casino games and bet on sports online. 

Whilst the hysteria around the first days betting back on 4th April didn’t quite match that in New York at the start of the year there are still big expectations for Ontario. Some are even predicting it will outstrip all other regulated markets in North America for revenue figures over the next decade. 

So how has the first month’s business been, and how can we expect things to progress over the rest of the year? Here we have pulled together the highlights of the story so far.

24 Gambling Websites Live and Taking Bets

There are now 24 gambling websites covering casino and sports bets in Ontario from more than 12 different operators. Big names include 888 Holdings, running 888 Casino and 888 Sports, Hillside, running Bet365, BetMGM, Leo Vegas, NorthStar Bets, Fan Duel and PointsBet. 

And many more licensees are expected to join the market over the course of the summer. US fantasy sports firm, Draft Kings, recently announced that it had been registered by the Alcohol and Gaming Commission of Ontario (AGCO) and would be live by the end of May. 

Meanwhile, European white label specialists, Skill on Net and White Hat Gaming, both of whom have already been established in Ontario as grey market operators before the new regulations were implemented, are both expected to be granted licenses in the very near future. This will pave the way for brands like Play OJO, Dream Vegas and CasiGO to start taking bets on casino games. 

The relatively low entry fees – $100,000 CAD annually per license compared to $25 million US in New York – combined with a 20% tax rate compared to 51% in New York – have made the market accessible to more operators than other regulated markets in the States. 

Of course, at the same time, the high number of licensees will also make Ontario more challenging for the many new casinos like these who are looking to break into the market.

Advertising Restrictions and Early Fines

The Alcohol and Gaming Commission of Ontario has wasted no time in issuing fines to operators who have breached its strict codes of conduct around advertising. 

It is against the law in Ontario to advertise free bets to anyone who has not first given their consent. Nor is it legal to imply that gambling with higher stakes gives you more chance of winning.

Between them, BetMGM and PointsBet managed to breach both rules within the first week of business. BetMGM announced a launch party with a $100,000 bonus prize pool, and 100 free spins on Jimi Hendrix slot to anyone who followed the company twitter account. And PointsBet advertised free bets on the GO train system in the province.

The fines issues were relatively low – $48,000 and $30,000 respectively – but it shows that the AGCO means business and will not tolerate any misbehaviour from its licensees. With Responsible Gambling top of their agenda it is expected that these standards will be maintained going forward.

Commercial Partnerships Signpost The Future

Just as in the States, commercial partnerships will be a big feature of the online gambling landscape as sports franchises and broadcasters look to sell advertising rights to sports betting operators.

Amongst the deals like this was a partnership between BetMGM, Fan Duel and the Canada Hockey League (NHL). Here an existing deal in the States was extended into Ontario, giving the two betting brands the rights to publish odds tickers during NHL games and advertise in NHL literature and on NHL social media accounts.

Elsewhere, two Flutter subsidiaries, BetMGM and Fan Duel, have partnered-up with Maple Leaf Sports and Entertainment (MLSE) who own sports teams in the States and Canada, including the Toronto Maple Leafs (NHL) and their home ground, Scotia Bank Arena. NHL fans can therefore expect to see betting tickers and adverts across any spare space at their home games from next year.

Commercial partnerships like these have been successful in the States and are typical of a regulated gambling market. But whilst they might be thriving this side of the Atlantic, in the UK’s more mature gambling market, there are calls to have them banned as anti-gambling charities demand less exposure to gambling ads at sporting events offline and on TV. 

Government Auditors Expect $75 Million Tax Revenues Over Three Years

And lastly, whilst the industry awaits the first reports from the AGCO setting out wagering and revenue figures for the first month’s play, a government auditor has predicted $75 million in taxes generated over the first three years of business. 

Those numbers come from an independent audit of the government’s budget forecasts for 2022-23. It is the first time that the provincial government will be collecting tax revenues from bets placed at sites owned by private gambling operators. Previously profits were collected offshore and taxes paid in jurisdictions like Malta and Gibraltar in Europe.

Summary

It has been a steady, if slow start for Ontario’s new market with some who expected to be licensed and operational by now still awaiting the green light. However, the early signs for those who are up and running are good. We are still waiting for the first revenue reports from AGCO but the projections in the government budget look strong and with more new casino sites waiting to go live, growth should be quick. Advertising restrictions present challenges not seen in other regulated markets, but that should only inspire more creative marketing efforts by brands who are more than capable of showing a sophisticated edge. 

5 New Crypto Slots Gamblers Already Love 

Game creation is a complex process! All details might help you immerse in another universe or avert you from playing from graphics to a soundtrack. There are casinos like Slothunter Nederland that have the finest assortments of games. Still, you often have to read many materials to find fresh games that will amuse you. Casino reviews can help with that. So, what are the most recent novelties that have the potential to become classics?

1. Hand of Anubis by Hacksaw Gaming — Play Game

Hand-of-Anubis

With its ancient Egyptian theme and excellent graphics, that online slot is already a fan favorite. First and foremost, the game demonstrates 96.24% RTP. Thus, the slot can be a wise choice for novices who fear big losses but crave big wins! If you like bright online gambling, that is a perfect pick!

The game also can boast eye-pleasing graphics and gorgeous animation. Overall, the design deserves eleven points out of ten. The soundtrack also contributes to a deep gambling experience. Like, for real, that music is enchanting and could make a themed party alone.

Also, new boosting features like soul orbs multiply your cluster wins. A stack multiplier also adds to making your wins more weighty. So, you do not need many extra free spins or re-spins to snatch a pleasing win!

2. North Guardians by PragmaticPlay — Play Game

North-Guardians

That gripping slot will make you glued to your screen for hours! With a 96.52% RTP, it is also one of the most generous games on our list. Besides, the North Guardians game has an array of user-friendly controls that make the game suitable even for beginners.

The overall atmosphere of the game evokes feelings of epic danger and valiance. And it is not only because of the soundtrack! The design makes you believe that there are legendary mysteries and ancient relics of the north. Thus, we cannot neglect how creatively producers were making this one.

We should also highlight that the slot has 243 pay lines, which is rare for online slots. So, your chances of hitting a big win are significantly increased! Besides, you can also gamble extra features like sticky symbols, multipliers, and free spins.

3. Book of the Fallen by PragmaticPlay — Play Game

Book-of-Fallen

The game cannot boast a stellar design because it is objectively plain. Moreover, the game resembles many other Egyptian-themed slots. Yet, some features make it another fresh and hot pick for gamblers.

First, 96.5% RTP compromises for standard visual design. Second, the slot has a unique sound with hints of suspense and bright adventures. Third, the classical implementation makes it trouble-free to control your gambling process. So, if you are craving something undemanding and easy, try this one! Also, free spins, multipliers, and other conventional features make the game alluring. Thus, even though it does not have a wow effect, it is still an excellent choice.

4. Gangster’s Gold by Spinomenal — Play Game

Gangster's-Gold

This pearl of crypto gambling gives you distinctive vibes with high chances of winning. The first thing you see is a creative and stylish design with all the attributes of 1920s gangsterism. And the background melody adds to the overall atmosphere! With an RTP of 96.31%, it is also one of the most lucrative slots in the gambling industry.

The game has 15 pay lines, which is not that much. But it also has numerous multiplier features and other opportunities to score a big win. Besides, you can also benefit from expanding symbols and other pleasantries while playing.

5. Tasty Treats by Hacksaw — Play Game

TastyTreats

And now is the time to switch to cute slots that allow relaxing in parallel with winning. Tasty Treats is one of these games. It has a 96.21% RTP and, thus, can boast quite lucrative outcomes!

The slot will offer you an amazing design with sweets and candies. The overall atmosphere resembles old-school cartoons, where everything is bright and colorful. So, if you want to add some sugar to your life, this game is a perfect choice! Besides, you can also benefit from plenty of free spins and other extra features.

Final Words

Many games appear in the casino’s assortments, but not all are great. Now you have at least five new games to savor. All of them have different aesthetics and implementation manners. But they still share common things — RTPs are stellar, and user-friendliness is axiomatic. Enjoy!

Evolution Of Online Crypto Gambling

Cryptocurrency coin

Online gambling has come a long way in a quite short period of time. In its early days, players gambled exclusively with casino games that were hosted on web pages. These games were basic and oftentimes glitchy, but they got the job done. Over time, as technology advanced, so too did online gambling. More and more casino games migrated online, and eventually, live dealer games became the norm.

Today, online gambling – on sites like Slothunter, for instance – is better than ever before. Players now can choose the top casino, and have access to a wide range of casino games, all of which can be played from the comfort of their own homes. And thanks to the advent of cryptocurrencies, gambling online has become even more convenient. In this article, we’ll take a look at the evolution of online gambling, from its humble beginnings to its current state.

The Early Days of Online Gambling 

In the early days of internet gambling, the industry was fraught with scams and players had little recourse if they were cheated. This all changed in 1998 when the first online casino was licensed by the island nation of Antigua and Barbuda. This event ushered in a new era of legitimacy for the internet gambling industry. Players could now gamble safely online knowing that there was some government regulation in place.

The internet gaming industry continued to grow rapidly in the years that followed. In 2002, the first online poker room was launched and crypto casinos began appearing in 2003. The industry really took off in 2006 when the US Unlawful Internet Gambling Enforcement Act was passed. This law made it illegal for US banks to process transactions for internet gaming sites. This had a major impact on the industry as many US-based companies were forced to shut down. However, it also created an opportunity for crypto casinos to fill the void.

How Crypto Changed the Online Gaming Landscape 

Internet gambling has been around for centuries, but it wasn’t until the advent of Bitcoin and other cryptocurrencies that it saw a major overhaul. With the help of blockchain technology, internet casinos and sportsbooks are now able to offer a much more secure and transparent experience to their users.

Cryptocurrencies have also made it possible for players to gamble anonymously, which was not possible with traditional internet gaming sites. This has made it much easier for people from all over the world to access internet gambling services without having to worry about their personal information being compromised.

The rise of cryptocurrency gaming has also led to the development of new types of games that can only be played with crypto. For example, there are now internet casinos that offer provably fair games, which means that the outcomes of the games can be verified by the players. This is a huge step forward for the internet gaming industry, as it offers a much higher level of transparency and fairness.

The Future of Online Crypto Gambling

With the rise of cryptocurrencies, internet gaming has seen a surge in popularity. Cryptocurrencies offer a number of advantages over traditional fiat currencies, including lower transaction fees, anonymity, and faster transaction times. These factors have made cryptocurrencies an attractive option for internet gamblers.

However, there are still some challenges that need to be addressed before cryptocurrencies can be fully adopted by the internet gaming industry. For example, the volatile nature of cryptocurrencies makes them a risky investment. Additionally, there is currently a lack of regulation surrounding cryptocurrency gambling, which could lead to fraud and other illegal activities. Despite these challenges, the future of online crypto gaming looks promising. With the continued development of blockchain technology and more countries recognizing cryptocurrencies, it is likely that we will see even more growth in this area.

Final Thoughts

Cryptocurrencies have taken the world by storm, with more and more people investing in various digital currencies every day. The same is true for internet gaming; as cryptocurrencies become more popular, so does online crypto gambling. In this article, we’ve looked at how crypto changed the internet gaming landscape and where we see the future of internet crypto gaming heading.

While there are still some hurdles to overcome, such as regulation and mass adoption, we believe that crypto gaming is here to stay. With the advantages that crypto offers, such as anonymity, fast transactions, and low fees, it’s no wonder that more and more people are turning to crypto gaming sites.

5 Best Casino Games You Can Play with Cryptocurrency

Cryptocurrency-Gambling

Cryptocurrency has taken the world by storm, and for a good reason. It offers a way to make secure, fast, and reliable payments on sites like Slothunter Casino. But what if you could use crypto to take your casino gaming experience to the next level? Here are the five best casino games you can play with cryptocurrency.

How can You Use Cryptocurrency to Play Casino Games Online? 

Researching casino reviews and playing online games with cryptocurrency is becoming more and more popular. There are a few reasons for this: first, cryptos are becoming more widely accepted, and second, online casinos that accept cryptocurrency tend to offer better bonuses and rewards than traditional casinos.

If you’re looking to use crypto to play casino games online, below are five of the best games to play.

The Five Best Casino Games that You Can Play with Cryptos

There are a number of great casino games that you can play with cryptos. Here are the five best ones:

1. Blackjack 

Blackjack is a classic casino game and one that is very popular among cryptocurrency users. The game aims at beating the dealer’s hand by getting as close to 21 as possible.

2. Roulette 

Roulette is another classic casino game that can be played with crypto. The goal of the game is to foretell where exactly the ball will land on the roulette wheel.

3. Slots 

Slots are a popular choice among cryptocurrency users as they are simple to play and there is the potential to win big rewards.

4. Video Poker 

Video poker is a casino game that is based on the game of poker. The objective of the game is to make the best hand possible and beat the dealer’s hand.

5. Craps 

Craps is a dice game that is very popular in casinos. The aim of the game is to predict the outcome of the roll of the dice.

How to Get Started with Playing Online Using Cryptos

There are a few things you should know before getting started with playing online using cryptos. 

First, you will need to find a reputable online casino that accepts cryptos as a form of payment. 

Once you have found a gaming site, you will need to set up an account and fund it with the appropriate amount of cryptos. 

As soon as your account is funded, you will be able to play any of the casino’s games using your cryptos.

Why You Should Consider Using Cryptos to Play Casino Games Online

Crypto is a decentralized digital asset designed to work as a medium of exchange. Cryptocurrency is often associated with the dark web and illicit activities. However, there are many legitimate uses for cryptos. One such use is gambling online.

There are a few reasons why you should consider using crypto to gamble online. For one, cryptocurrency is incredibly fast. Transactions are processed almost instantly. This is important when you’re gambling online because you don’t want to wait around for your money to process.

Another reason to use cryptos is that it’s incredibly secure. When you make a transaction with cryptocurrency, it is virtually impossible to reverse the transaction. This means that you can be sure that your money is safe when you’re gambling online.

Finally, crypto is anonymous. When you make a transaction with cryptos, your personal information is not attached to the transaction. This means that you can gamble online without having to worry about your personal information being compromised.

Wrapping Up

Now that you know a little more about how to use cryptocurrency to play casino games online, it’s time for you to get started. The first step is finding a reputable and trustworthy gambling platform that accepts cryptocurrencies. Once you have an account set up, you can start playing your favorite games for real money or just for fun. Remember to gamble responsibly and have fun!

Asian American Experiences of Racism During COVID-19

By Sumie Okazaki

From  the earliest days of the COVID-19 global pandemic, there has been a surge of anti-Asian hostility directed toward Asian Americans, ranging from racist verbal assaults and shunning to physical assaults, some even resulting in deaths. Social scientists have responded to this crisis by tracking and documenting hate incidents and hate crimes, educating the public about Asian American history and experiences, and documenting the psychosocial impact of anti-Asian racism. Asian American activists, writers, artists, professionals, and families have created spaces for dialogue, healing, and social action. While the Asian American population is demographically diverse and has experienced the pandemic and antiAsian racism in many different ways, I argue that there is a new level of racial consciousness and identity as Asian Americans that could open new avenues to pursuing racial justice in the US.

From the earliest days of the spread of COVID-19, it was painfully clear that the global pandemic was bringing about not only dire health and economic consequences to many Asian Americans but also a new level of consciousness as targets of xenophobic and racial hostility and violence. Against the background of a national reckoning with anti-Black racism sparked by the killing of George Floyd at the hands of Minneapolis police officers, debates over teaching about the history of racism in schools, and the role of affirmative action and testing in elite education, Asian American communities continue to grapple with unease and anxiety over their positionalities within contemporary America. The looming question is: what does it mean to be members of this society that simultaneously provides Asian Americans with opportunities to partake in the “American dream” while vilifying them as alien sources of viral contagion? 

Asian American-owned businesses such as Chinese restaurants1, nail salons2, and massage parlours3 were among the earliest sectors to be shunned due to xenophobic fears of COVID-19 contagion, weeks before the mandated temporary closure of non-essential businesses and social distancing were instituted. Asian American healthcare professionals also faced racism and xenophobia even as they were hailed as heroic front-line workers4, and Filipino/a nurses died from COVID at a much higher rate than nurses from other backgrounds because of their disproportionate presence in intensive care units, emergency rooms, and long-term care facilities such as nursing homes5. Casting the Chinese and Asians as sources of COVID contagion reprises the “Yellow Peril” and Orientalist tropes of Asians as dirty, diseased, and unassimilable aliens, which has surfaced again and again throughout US history in times of national crises, such as  wars  and pandemics6. Early indicators of COVID-19-related racism that targeted Asian-owned businesses and front-line workers were followed quickly by the reports of increased micro-aggressions against Asian Americans (e.g., “China virus”, “Go back to your country”) in person and online, and worse. One way that social scientists have been able to track the exponential rise of Sinophobic and anti-Asian sentiments in the national discourse is through the analysis of social media. 

Analysis of Twitter data is an innovative approach to gathering real-time macro-level data on attitudes toward race, racism, and racial minorities that are difficult to assess through traditional surveys.

Because Twitter generates a massive volume of data on users’ relatively unfiltered opinions and sentiments that are time-stamped (and sometimes also geo-stamped), analysis of Twitter data is an innovative approach to gathering real-time macro-level data on attitudes toward race, racism, and racial minorities that are difficult to assess through traditional surveys7. Indeed, several studies have analysed Twitter data to examine racism and discrimination toward Asian Americans and Black Americans during the COVID-19 pandemic, as well as the Black Lives Matter activism following the killing of George Floyd. For example, a recent study8 analysed 668,597 English-language tweets in the two-week period in March 2020, containing over 1.2 million #ccovid19 or #chinesevirus hashtags, and found an exponential rise in anti-Asian sentiment accompanying the #chinesevirus hashtag following a tweet by then-US president Trump connecting China to the coronavirus. A mixed-method analysis9 of over 3.4 million tweets between November 2019 to June 2020 containing a mention of a racial or ethnic group showed a sharp rise in negative tweets referencing Asians, but not in negative tweets referencing other people of colour following the emergence of COVID-19. And another study10 found that the exponential increase in the Twitter mentions of “Chinese virus” in March 2020 was also accompanied by an implicit “Americanness” bias (which is to say, an increase in the subconscious belief that White individuals are more “American” than Asian Americans).

A group of social scientists and community activists established the Stop AAPI Hate (SAH) Coalition in March 2020 as a community-based online data collection portal to track and respond to the sudden surge in anti-Asian hate incidents. According to the most recent report by SAH11, covering the dates between 19 March 2020 and and 31 December 2021, a total of 10,905 hate incidents against Asian Americans were voluntarily reported. Of the incidents reported, 66.9 per cent were harassment, with a much smaller portion of respondents reporting physical assaults (16.2 per cent) and shunning (16.1 per cent). To estimate the prevalence of hate incidents in the broader population, Stop AAPI Hate also conducted a survey of nationally representative Asian American respondents in September and October 2021. This survey found that roughly one in five Asian Americans and Pacific Islander Americans reported experiencing at least one hate incident within the past year, and roughly one in three APA parents said their child had experienced at least one hate incident at school within the past year12.

Asian Americans are more conscious than ever before of their vulnerability and the fragility of their sense of belonging as Americans.

Anxiety and unease from the widespread experience of anti-Asian hate incidents such as verbal or online harassments, shunning, and being refused service during the pandemic were acutely heightened by a wide circulation of graphic videos of extreme violence against Asian American elders and the killing of six Asian women in Atlanta-area massage parlours. Because the shooter stated his motive as stemming from sexual addiction, but targeted three establishments owned and operated by Asian-descent women, the Atlanta massacre on 16 March 2021 resurfaced memories and renewed fears of racialised misogyny and gendered violence among many Asian American women12. With the constant news of other Asian American individuals who are assaulted or killed in public spaces such as on streets and subways, Asian Americans are more conscious than ever before of their vulnerability and the fragility of their sense of belonging as Americans. For many in the South Asian American community (especially Muslim South Asian Americans and Sikh Americans), virulent xenophobia and Islamophobia in the wake of 9/11 had already alerted them to the ease with which Asian Americans become racial scapegoats in times of national crises13. The passage of the COVID-19 Hate Crimes Act by the US Congress, intended to improve the reporting and tracking of anti-Asian hate crimes, may have represented a symbolic victory for Asian American communities that called for more forceful local, state, and federal resources to combat anti-Asian hate, yet the legislation has done little to reduce the incidence of anti-Asian violence.

Unsurprisingly, the surge in anti-Asian hate and discrimination during COVID-19 has had a measurable psychological impact. For example, one study15 surveyed 543 Chinese American parents and their children in the early months of the pandemic and found that higher levels of anti-Asian racism and Sinophobia were associated with poorer mental health among parents and youth. Other studies16, 17, 18 have similarly documented the association between increased COVID-19-related discrimination and poorer mental health among various Asian American populations. My colleague and I also conducted a national survey19 of 689 Asian American adults in December 2020 and found that more frequent COVID-19 discrimination experiences, especially those that occurred in person and were directed personally at the respondent, were associated with both psychological distress and worry.

While the poorer mental health of Asian Americans as a result of racial victimisation is deeply concerning, there have also been individual and collective responses that connect Asian American communities to healing and social change. For example, the national attention focused on the surge in anti-Asian hate has created opportunities for Asian Americans to create spaces (often virtual spaces due to the continuing pandemic) to learn about and discuss Asian American history and activism and to share personal accounts of racism’s toll on identity and mental health. These conversations have taken place in workplaces, at universities and K-12 schools, and among friends and families. Asian American scholars, activists, writers, and artists have shared their professional expertise and lived experiences that speak to the present moment. Asian Americans of all backgrounds participated in protests, rallies, and other civic events in response to anti-Asian racism. This anti-racist social movement reflects a new critical consciousness among Asian Americans, accompanied by increased civic and political participation calling for structural change. 

Finally, this broad Asian American critical consciousness surrounding race and racism prompted by the pandemic has occurred in the context of a national reckoning with anti-Black racism in the US. Recognising that anti-Asian racism is intertwined with anti-Black racism, Asian American activists have mobilised in support of Black Lives Matter and other anti-racist social movements20. To be sure, we must acknowledge the deep-seated anti-Black sentiments within Asian American communities21 and the ways in which Asian Americans have benefited from anti-Black racism22. Although frank discussions about American racism may feel intimidating, threatening, or disquieting, they are critical for building a more just society. COVID-19 has brought about new and renewed opportunities for Asian Americans to engage in a larger collective work toward racial justice.    

About the Author

Dr. Sumie Okazaki is Professor of Applied Psychology at New York University. She conducts research on the impact of immigration, social and culture change, and race on Asian and Asian American adolescents, emerging adults, and parents within local and transnational contexts. Her most recent book, co-authored with Nancy Abelmann, is Korean American Families in Immigrant America: How Teens and Parents Navigate Race (2018, NYU Press).


References
1. Alcorn, C. (2 March 2, 2020). Coronavirus anxiety is devastating Chinese businesses in New York City. https://www.cnn.com/2020/03/02/business/chinese-business-new-york-city-coronavirus/index.html
2. Laviete, M. (17 March, 2020). New York’s nail salons hit extra hard by virus fears. Reuters.com https://www.reuters.com/article/us-health-coronavirus-usa-salons-trfn/new-yorks-nail-salons-hit-extra-hard-by-virus-fears-idUSKBN2143KE
3. Lam, E., Shih, E., Chin, K., & Zen, K. (2021). The double-edged sword of health and safety: COVID-19 and the policing and exclusion of migrant Asian massage workers in North America. Social Sciences, 10(5), 157.
4. Jan, T. (19 May, 2020). Asian American doctors and nurses are fighting racism and the coronavirus. Washington Post. https://www.washingtonpost.com/business/2020/05/19/asian-american-discrimination/
5. Nazareno, J., Yoshioka, E., Adia, A. C., Restar, A., Operario, D., & Choy, C. C. (2021). From imperialism to inpatient care: Work differences of Filipino and White registered nurses in the United States and implications for COVID-19 through an intersectional lens. Gender, Work & Organization, 28(4), 1426-46.
6. Mallapragada, M. (2021). Asian Americans as racial contagion. Cultural Studies, 35(2-3), 279-290.
7. Nguyen, T. T., Criss, S., Allen, A. M., Glymour, M. M., Phan, L., Trevino, R., … & Nguyen, Q. C. (2019). Pride, love, and twitter rants: Combining machine learning and qualitative techniques to understand what our tweets reveal about race in the US. International Journal of Environmental Research and Public health, 16(10), 1766.
8. Hswen, Y., Xu, X., Hing, A., Hawkins, J. B., Brownstein, J. S., & Gee, G. C. (2021). Association of “#covid19” versus “#chinesevirus” with anti-Asian sentiments on Twitter: 9-23 March, 2020. American Journal of Public Health, 111(5), 956-64.
9. Nguyen, T. T., Criss, S., Dwivedi, P., Huang, D., Keralis, J., Hsu, E., … & Nguyen, Q. C. (2020). Exploring US shifts in anti-Asian sentiment with the emergence of COVID-19. International Journal of Environmental Research and Public Health, 17(19), 7032.
10. Darling-Hammond, S., Michaels, E. K., Allen, A. M., Chae, D. H., Thomas, M. D., Nguyen, T. T., … & Johnson, R. C. (2020). After “the China virus” went viral: Racially charged coronavirus coverage and trends in bias against Asian Americans. Health Education & Behavior, 47(6), 870-9.
11. Yellow Horse, A. J., Jeung, R., & Matriano, R. (2022). Stop AAPI Hate National Report 20/3/20 to 31/12/21. https://stopaapihate.org/wp-content/uploads/2022/03/22-SAH-National Report-3.1.22-v9.pdf
12. Yellow Horse, A. J., Jeung, R., & Matriano, R. (2021). Stop AAPI Hate National Report 20/3/20 to 30/09/21. https://stopaapihate.org/wp-content/uploads/2021/11/21-SAH-NationalReport2-v2.pdf
13. Fan, J. (19 March, 2021). The Atlanta shooting and the dehumanization of Asian women. The New Yorker. https://www.newyorker.com/news/daily-comment/the-atlanta-shooting-and-the-dehumanizing-of-asian-women
14. Cainkar, L., & Maira, S. (2005). Targeting Arab/Muslim/South Asian Americans: Criminalization and cultural citizenship. Amerasia Journal, 31(3), 1-28.
15. Cheah, C. S., Wang, C., Ren, H., Zong, X., Cho, H. S., & Xue, X. (2020). COVID-19 racism and mental health in Chinese American families. Pediatrics, 146(5).
16. Hahm, H. C., Ha, Y., Scott, J. C., Wongchai, V., Chen, J. A., & Liu, C. H. (2021). Perceived COVID-19-related anti-Asian discrimination predicts post -traumatic stress disorder symptoms among Asian and Asian American young adults. Psychiatry Research, 303, 114084.
17. Wu, C., Qian, Y., & Wilkes, R. (2021). Anti-Asian discrimination and the Asian-white mental health gap during COVID-19. Ethnic and Racial Studies, 44(5), 819-35.
18. Zhou, S., Banawa, R., & Oh, H. (2021). Stop Asian Hate: The mental health impact of racial discrimination among Asian Pacific Islander young and emerging adults during COVID-19. Health Services Research, 56, 8-9.
19. Prasai, A., Okazaki, S., Chang, D. F., Lee, C. S., Song, H.., Liang, B. (July 2021) The impact of coping styles and support on Asian American well-being during the COVID-19 pandemic. Paper presented at the American Psychological Association Division 45 Biennial Research Conference.
20. Litam, S. D. A., & Chan, C. D. (2021). Grounded theory of Asian American Activists for #BlackLivesMatter. The Professional Counselor, 400-22.
21. Yellow Horse, A. J., Kuo, K., Seaton, E. K., & Vargas, E. D. (2021). Asian Americans’ indifference to Black Lives Matter: The role of nativity, belonging and acknowledgment of anti-black racism. Social Sciences, 10(5), 168.
22. Kim, C. J. (2022). Asian Americans and Anti-Blackness. Politics, Groups, and Identities, 1-8.

“Mega” wind and solar clean-energy bases – a stepping stone to China’s double-carbon pledge

By Xing Zhang

At the UN General Assembly in September 2020, China’s President Xi Jinping announced China’s ambition to peak its carbon dioxide emissions before 2030 and achieve carbon neutrality before 2060. To strengthen these double-carbon goals, Xi further announced a set of national climate targets for 2030 at the Climate Ambition Summit. One of the new objectives specified that China should increase its total installed capacity of wind and solar power to over 1,200 gigawatts (GW) by 2030, which would require maintaining the pace already achieved in the previous five-year period. However, on 12 October 2021, at the UN Biodiversity Conference (COP15) via video link, President Xi shared that China had smoothly kicked off the construction of some “mega” wind and solar clean-energy bases. 

The “mega” wind and solar clean-energy bases

In November 2021, the National Development and Reform Commission (NDRC), China’s state economic planner, published a list of the first batch of “mega” wind and solar projects. These projects have a total installed capacity of 97.05 GW and are scattered across 19 provinces. Part of the generated electricity will be sent to demand centres, and the rest will be used locally. Although there are surrounding coal-fired power plants to support clean energy, details of the coal power plans were not given in the NDRC’s list. 

On the sidelines of the National People’s Congress in March 2022, the director of NDRC, He Lifeng, announced that China would build “the largest” scale of solar and wind power generation capacity “in history”. He referred to the second “batch” of “mega” clean-energy bases, which will contain large wind and solar farms with a combined installed capacity of 455 GW and are mainly located in the Gobi and other deserts. Projects accounting for 200 GW are scheduled to be completed by 2025, with 150 GW to be sent to the more populated eastern coastal provinces. The rest of the 255 GW is planned to be completed by 2030, with 165 GW expected to be exported.

The second batch of energy base projects was largely situated in the deserts in Inner Mongolia, with 284 GW capacity. Another 134 GW capacity is distributed in other desert areas. Coal Mining Subsidence Areas will also host 37 GW. Most of the clean-energy bases in the second batch come as an integrated system, where large-scale clean-energy installations are supported by gigawatts of coal-fired power plants or energy storage facilities to enable a high-level of utilisation of wind and solar energy, which can fluctuate due to variable weather conditions. Long-distance, ultra-high-voltage (UHV) electricity transmission lines equipped with AC and flexible DC transmission technology are electricity carriers.

To give an idea of the size and relevance of the two batches of 555 GW clean-energy bases scale-up, the total wind and solar installed capacity in 2020 of the top six countries after China was 537 GW, while the world’s biggest installer, China, had a combined installation of 536 GW (see figure 1).

China already had 306 GW of solar and 328 GW of wind at the end of 2021, which puts it halfway towards meeting its 1,200 GW pledge by the end of the decade. The deployment of 555 GW wind turbines and solar panels in the Gobi and desert areas alone can bring the total wind and solar installation to 1,180 GW, 20 GW short of President Xi’s pledge. In fact, these clean-energy bases take China towards meeting the 1,200 GW target in 2026. Considering it would take nearly 4,000 terawatt-hours (tWh) of electricity per year to power the United States, they are far behind China in reaching their renewable energy goals.

Large renewable energy infrastructure requires an enormous amount of land. Building “mega” clean-energy bases concentrated in the Gobi and other arid regions, such as sandy deserts and rocky and other barren lands, can reduce the costs of land, construction, operation, and maintenance for the projects. Choosing the deserts and other arid regions also has the ecological benefits of transforming the landscape and unlocking new-found uses for marginalised areas (see case study).  

Case Study
The 6.5 billion RMB Huadian Urumqi 1 GW wind-solar-thermal-storage project began construction on 17 March 2022. Ten units from four coal-fired power plants around Urumqi are being retrofitted to provide grid stability support. The Solar+ model is used for the project. Solar panels help to reduce wind speeds at ground level, consequently reducing the movement of sand dunes and stabilising the landscape. In the shade of the solar panel, grass and other plants start to grow, which helps to turn sand into soil (see figure 2). The project will produce more than 2,500 GWh of green electricity each year, saving more than 0.83 million tons of standard coal, and reducing carbon dioxide emissions by more than 2.1 million tons.

 

The clean-energy bases and coal power 

China had installed renewable capacity exceeding 1TW by the end of 2021, accounting for 44.8 per cent of the total installed power generation capacity. However, power production from renewable projects only make up 29.8 per cent of the power mix. Wind and solar facilities, with nearly 25 per cent of total installed capacity, contributed to less than 10 per cent of the total electricity mix. Coal power provided 60 per cent of total electricity with 46.6 per cent of installed capacity (see figure 3). China’s electricity grid is still mainly coal-based. The “mega” clean-energy bases will raise the wind and solar share in China’s power generation to 20 per cent by 2025. Absorbing this increase in power generation will require major changes to the way China’s power grid and coal-fired power plants are operated.

China insists that it “will strictly control coal-fired power generation projects, and strictly limit the increase in coal consumption over the 14th FYP period and phase it down in the 15th FYP period”. China’s green and low-carbon transformation of its energy system is based on the notion of “first building renewable energy then decommission coal”. Coal power will change from the mainstay of power generation to a supporting power source for the grid and a stabiliser for wind and solar power.

The “mega” clean-energy bases are the first step of China’s power sector’s green transformation. Each base in the Ulaanbuhe, Kubuqi, Tenggeli, and Badan Jilin deserts contains 75 per cent of the total capacity for wind and solar, accompanied by 25 per cent of coal power to support the steady operation of the grid system. These four clean-energy bases will add a total of 128 GW of wind and solar to Inner Mongolia’s power generation capacity, and it will also add 26 GW of new coal power and retrofit 15.9 GW of coal-fired power plants for extended life. 

The clean-energy bases inject new life into the declining coal power sector and give the coal power industry a new direction to adjust its development plan. However, it may add another reason to build new power plants in addition to the existing “replacing undersized with big” plan. The permission for the postponed 2 x 660 MW NingXia Huadian Yongli coal-fired power plant was reactivated this March. It is reported that this ultra-supercritical power plant will be built to support the 6 GW Ningxia coal mine subsidence area’s new energy project. But a published National Energy Administration (NA) document shows that the Ningxia project has only 3.96 GW retrofitting coal power planned.

China’s central government encourages increasing electricity transmission from west to east with various large projects. With renewable energy scaling up, more backup and peaking electricity are needed.

There have already been signs of possible “dash for coal” initiatives since China came out of the COVID-19 lockdown. In 2020, 38.4 GW of coal-fired power capacity was commissioned in China, more than three times the amount built elsewhere around the world. New coal power plants totalling 25 GW  were added to the grid in 2021, a drop from 2020 but still significantly more than the rest of the world put together. In addition to the 33 GW of newly under-construction coal power plants in 2021, at least 8.6 GW of new capacity got the green light to go for construction just in the first quarter of 2022. After accounting for plant retirements, China’s coal power capacity is still increasing. The elephant in the room is growing larger, undermining the impressive efforts of the clean-energy bases.

China’s central government encourages increasing electricity transmission from west to east with various large projects. With renewable energy scaling up, more backup and peaking electricity are needed. Electricity exporters wish to reduce electricity sent out during peak times and keep enough backup electricity to avoid power shortages, while receivers also need more electricity for peak times. The eastern, coastal provinces inevitably prefer generating electricity locally in order to reduce reliance on other provinces for power, which means building coal-fired power plants. Building coal power plants can also help boost their regions’ economic performance. For example, Liuhe coal-fired plant in Zhejiang province is going to build units 3 and 4 (1,000 MW each) to reduce cross-province electricity trading and help balance energy supply and demand in the province. 

Summary and policy suggestions

The design and deployment of the “mega” clean-energy bases are enabled by China’s quick, centralised planning and top-down decision-making on resource allocation. The clean-energy bases will help secure China’s leadership in the global renewable energy market. China is not only a world leader in renewable energy but also leads in the manufacture of solar panels and wind turbines. Moreover, it is the biggest supplier of the raw materials they are made of, such as silicon, glass, steel, and copper. 

Until adequate energy storage technologies mature, coal power plants will continue to play an important role in China’s electricity mix. The “mega” clean-energy bases will accelerate the development of energy storage technologies and the transition of the power system. Coal power is shifting from a baseload provider to a peak-shaving and basic supporting role. 

However, the projects also provide an opportunity to build new coal-fired power plants to supply sufficient and flexible support to moderate variable renewable generation. A coal-fired power plant has a typical lifespan of 30 to 40 years. Building new power plants will risk locking in more carbon-emitting infrastructure, which jeopardises China’s efforts to achieve carbon neutrality by 2030.

Until adequate energy storage technologies mature, coal power plants will continue to play an important role in China’s electricity mix.

Considering the power oversupply in China, it is almost inevitable that some coal-fired units will be shut down ahead of their designed life. China’s coal fleet is young, with an average age of 12 years. Retiring early is a waste of assets and resources. The demand for coal power to support wind and solar energy should be met by retrofitting existing power plants. Accurate assessments and evaluations of existing coal power capacity are needed to avoid building unnecessary new coal plants. To control the construction of new coal-fired power plants, the NDRC should cancel the local governmentsʼ right to permit building new plants immediately. 

It is essential to quickly nationalise the electricity trade market and promote provincial grid merge with the national grid. Creating incentives for flexible operation will help to solve the conflict between exporters and importers of electricity. 

Developing the “mega” wind and solar clean-energy bases is the first step to executing China’s green energy transition plan – building renewable energy first, then phasing out coal. If built according to the plan, the clean-energy bases will be workhorses riding China towards achieving its double-carbon goal. 

About the Author

Xing Zhang is the China Energy Analyst at the Centre for Research on Energy and Clean Air (CREA). CREA is an independent research organisation focused on revealing the trends, causes, and health impacts, as well as the solutions to air pollution.

An Ecosystem of Interconnectedness: Prioritising Key Legal Concerns in the Metaverse

By Pin Lean Lau

The recent hype surrounding the metaverse has deftly captured our interest, but we also need to be aware of any potential legal issues that might arise. This brief analysis sheds light on some of these concerns, and emphasises the critical role of law, governance and policy when dealing with transactions/interactions in the metaverse. 

In the past couple of years, we have borne witness to the evolution of the metaverse. Interestingly, the metaverse is not a new phenomenon, but has been quietly building traction since the early 2000s. The coincidence of timing with the COVID-19 pandemic affecting the world population in 20201 and tech giant Facebook’s rebranding of itself as Meta2 are likely contributory factors that catapulted the visibility of the metaverse into mainstream technological cultures and imaginings. A simple keyword search for “metaverse” in a web browser is likely to display at least 1.6 billion search results, demonstrating to us the rich trove of both knowledge and speculation about our digital futures in the metaverse. 

In a previous article in The Conversation, the author raised three legal concerns that we should be aware of in the metaverse3. These include the “commercial” aspect of the metaverse as a marketplace, issues relating to data and the protection of data rights and privacy and, finally, avatar user interactions within the metaverse. Whilst it is not possible to uncover all the legal issues that could arise in the metaverse, the present article expands on two main concerns, and pivots the discussion towards an ecosystem of interconnectedness, similar to an ecosystem of technologies4. This ecosystem encompasses the critical roles that can be played by leaders and policy makers, together with technology developers and manufacturers, and the immediate stakeholder at large – users or consumers of the metaverse.

Firstly, in considering the metaverse and commercial transactions that take place therein, it cannot be denied that it has opened up a boundless virtual reality space in which businesses can thrive. With a single digital currency, or non-fungible tokens (NFTs), leveraging blockchain technologies, the metaverse is highly powered through data and connected virtual worlds. Companies such as Sotheby’s now have Decentraland, the world’s first virtual gallery in the metaverse, a “digital twin” of its London offices.5 Rapper and hip-hop mogul Snoop Dogg can boast of his own SnoopVerse, where virtual pieces of land can be purchased.6 Sandbox, another digital world, is now one of the virtual “homes” of PwC’s Hong Kong branch.7 With many companies now clamouring to capitalise on the “perceived value of NFTs and the ability to invest in a non-existent asset”,8 it is prudent to take stock of the legal realities of this space. 

Crafting and modelling the success of the NFT space in the metaverse further requires clear rules, stewardship and transparency, not unlike corporations in our “real” world.

In the context of NFTs, particularly collectible NFTs of digital art, music or other creative works, their release or launch may be akin to initialpublic offerings (IPO) of shares, offered for sale to the public via issuance of new stocks, generally traded on a stock exchange platform, such as the London Stock Exchange. IPOs and the like in our world are subject to strict legal rules, compliance with listing requirements, and banking and securities legislation. And whilst different trading platforms may each have their own laws and rules depending on jurisdiction, it is still unclear to us whether this may be applicable in the case of NFTs in the metaverse. For example, if information about a prospective new release of an NFT is leaked before its launch date, can appropriate action be taken against the party leaking such information?9 The question of insider trading also comes to mind.10 Because of the value attributable to NFTs, and the resulting emerging models of NFT-native properties that can expand into different products, activities, events and interactive experiences11, maintaining and growing the NFT space should ideally have oversight and audit mechanisms to protect both NFT creators and investors.  Crafting and modelling the success of the NFT space in the metaverse further requires clear rules, stewardship and transparency, not unlike corporations in our “real” world. 

We should be also concerned that the virtual environment of the metaverse could be ripe for market place exploitation, similar to Silk Road12 in the dark web. Silk Road was a dark web marketplace platform that dealt primarily in illegal drugs and contraband, weapons, prohibited pornography, sex trafficking and, allegedly, murder for hire. One of the reasons why Silk Road was able to operate successfully and under the radar was due to the lack of government oversight, the difficulties of enforcing laws within its space, and the ability of users to perform transactions using cryptocurrencies without involving banks or financial institutions.13 Will the metaverse be susceptible to this kind of virtual marketplace too? What kind of laws can be put into place to provide adequate and effective safeguards for all users? Who would be an appropriate regulatory authority to govern and enforce any rules for the platform? This requires cooperation between creators, innovators, policy makers, legislators, users and the like, within the ecosystem of connectedness, moving towards a common goal and aim that fosters mutual benefits and interests.

Secondly, another main concern would be in connection with user interactions in the metaverse  via avatars. Whilst interacting in a virtual space is not a new experience – for example, in massive multiplayer online role-playing gaming (MMORPG), such as World of Warcraft14 – the heightened immersion that can be experienced in the metaverse can raise novel questions relating to criminal law (assault and battery, or sexual harassment/offences) or tort law (defamation, negligence or breach of duty of care). As one example, what about interactions between avatars that either are, or border on, sexual harassment or, worse, sexual assault? Disturbing news has already emerged that sexual predators have begun to misuse the seemingly neutral space of the metaverse, with reported incidents of groping,15 sexual assault in Horizon Venues,16 and numerous other incidents of sexual assault.17 How can we even begin to explain that sexual assault in the metaverse is no different from sexual assault in reality, and that the trauma experienced by a victim is real? Are our existing laws on sexual harassment and sexual assault robust enough to tackle these kinds of actions in the metaverse? There is already enough literature to indicate that victim blaming continues to rear its ugly head, with tech giant Meta allegedly making the claim that its users were not using it correctly.18 Notwithstanding the fact that Meta is making adjustments to its tools to protect its users, using a feature called “Safe Zone”,19 and taking some positive steps to assign moderators to the space, this may not be adequate, because the problem of sexual harassment does not go away.  

This is where greater clarity is needed as to the role of the operator, data controllers, and processors, and whether an over-arching framework of harmonised policies of use, including terms and conditions and governing legislation, is necessary. Critical dialogues within the ecosystem of interconnectedness (described earlier) need to begin, drawing on the voices and needs of users and communities, and shared values and principles to inform appropriate standards of use, robust policies and oversight systems, and concrete sanctions accompanied by effective complaints or dispute resolution mechanisms. Whilst the current existing virtual worlds will, no doubt, each have their own user terms and conditions, it is vital to ensure that measures of enforcing compliance with these rules are in place. Each of these worlds’ terms and conditions need to meet the scrutiny of internationally accepted standards that protect fundamental rights and liberties, whilst allowing creators, innovators, operators, etc., to continue building creative innovations and carrying out beneficial research and development. 

In an idealised regulatory metaverse space, adequate safeguards need to be put in place to ensure equitable access to all, taking control out of the hands of the powerful elites.

Collectively, we are at an infant stage in our exploration of the metaverse and what it means for the future. As technologies continue to grow and evolve, and as we navigate a balancing exercise with the Collingridge Dilemma,20 there is no harm in equipping ourselves with the necessary knowledge, information, and readiness to welcome an equitable and conscious legal or regulatory framework of the metaverse. We are still light years away from formulating novel legal systems in the metaverse, bearing in mind not only key regulatory challenges21 but also the time that is needed to build our ecosystem of interconnectedness. Ultimately, in an idealised regulatory metaverse space, adequate safeguards need to be put in place to ensure equitable access to all, taking control out of the hands of the powerful elites.22 Just as we have come to recognise the systemic problems in our societies, cultures, and institutions, so, too, we should be determined not to allow these same problems to find a home and metastasise in the metaverse.

About the Author

Dr. Pin Lean Lau is a Lecturer (Assistant Professor) in Bio-Law at Brunel Law School. She is also affiliated with the Centre for Artificial Intelligence: Social & Digital Innovations; a member of the Daughters of Themis: International Network of Female Business Scholars; and is the General Manager of the Interest Group on Supranational Bio-Law of the European Association of Health Law. Her research interests encompass European, international, and comparative law for genome editing; the governance of artificial intelligence systems; and the ELSIs (ethical, legal and social implications) of new and emerging technologies.

References
1. WHO, “WHO Director-General’s Opening Remarks at the Media Briefing on COVID-19 – 11 March 2020,” March 11, 2020, https://www.who.int/director-general/speeches/detail/who-director-general-s-opening-remarks-at-the-media-briefing-on-covid-19—11-march-2020.
2. Scott Nover, “Why Facebook Decided to Change Its Name,” Quartz, October 29, 2021, https://qz.com/2081663/why-facebook-changed-its-name-to-meta/.
3. Pin Lean Lau, “The metaverse: Three Legal Issues We Need to Address,” The Conversation, February 1, 2022, http://theconversation.com/the-metaverse-three-legal-issues-we-need-to-address-175891.
4. Jeff Gallino, “The Future Belongs To Ecosystems,” Forbes, July 23, 2021, https://www.forbes.com/sites/forbestechcouncil/2021/07/23/the-future-belongs-to-ecosystems/.
5. ICAEW Insights, “Doing Business in the Digital metaverse,” ICAEW, September 6, 2021, https://www.icaew.com/insights/viewpoints-on-the-news/2021/sep-2021/doing-business-in-the-digital-metaverse.
6. Kylie Logan, “Snoop Dogg Is Developing a Snoopverse and Someone Just Bought a Property in His Virtual World for Almost $500,000,” Fortune, December 9, 2021, https://fortune.com/2021/12/09/snoop-dogg-rapper-metaverse-snoopverse/.
7. Consultancy.uk, “PwC Buys Virtual Land NFT in the Sandbox’s metaverse,” January 4, 2022, https://www.consultancy.uk/news/30011/pwc-buys-virtual-land-nft-in-the-sandboxs-metaverse.
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