Introduction to virtual property: lex virtualis ipsa loquitur
This article serves as an introduction to the concept of virtual property and also to very briefly note the relevance of virtual property in modern society. A universally accepted definition of virtual property is hard to come by, but the paper will aim to provide some clarity on the issue. Virtual property is still property, and it still exists even though it is intangible. It includes (amongst other things) website addresses and email addresses as well as certain other accepted immaterial property objects such as bank accounts, stocks, options and derivatives. Indeed, one can go so far as to include digital goods, such as digital versions of books (e-books), computer or smartphone programmes or apps, television series and movies as well as digital music (albums and tracks) as objects of virtual property. However, the focus in this paper is on the type of virtual property found inside virtual worlds. The discussion of virtual property will be facilitated by reference to some of the ancillary and more complicated areas of the field to serve as a point of reference leading to an understanding of the concept of virtual property in general.
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Prins:loo, G.J.L (North-West University (South Africa), 2018)These days, it is common for people to buy goods that only exist in cyberspace. These items have been dubbed "virtual property" by many academics, although the notion of virtual property has not been expressly accepted or ...
Ferrero, Franco Graziano (North-West University (South Africa)., 2022)This dissertation, being a literature study, has the aim of determining the implications for virtual property due to the extent in which the introduction of non-fungible tokens influence virtual worlds and virtual property. At ...
Erlank, Wian (Virtus Interpress, 2015)There are a number of ways to explain how the property system in a virtual world works. Various explanations are proposed in this paper to explain this phenomenon. Some people argue that property in virtual worlds is purely ...