'It's already time for us to start asking what healthy competition would look like in the metaverse,' Margrethe Vestager said.
The EU’s top antitrust policymaker said that the bloc will turn its attention to regulating competition in the metaverse.Connect/Create WalletNo wallet? No problem. You can set one up for free. We recommend Torus for first-time users.The metaverse could be next in EU competition regulators' crosshairs, said antitrust chief Margrethe Vestager on Thursday — with concerns about Meta's dominance at the top of the docket.
"It's already time for us to start asking what healthy competition would look like in the metaverse," VestagerVestager noted that there is already a political debate about the attention paid to digital markets, with all jurisdictions moving forward at different speeds. "We will not get the same legal framework," she said, adding:"And maybe that is not a bad thing. Because that will allow us to hone our toolkits in the process of mutual learning.
Meta, formerly Facebook, has made an audacious play to grab market share in this emerging tech area, putting billions on the line to develop hardware and software. It is the market's
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