EU to monitor antitrust and promote healthy competition in the metaverse

The European Commission is keeping an eye on the metaverse for healthy competition, the region’s antitrust chief has revealed.

In her speech at a conference in Brussels, Belgium, the EU’s competition and digital affairs commissioner Margrethe Vestager told the attendees that the region must adapt and react to new market dynamics in the digital era.

The EU must anticipate and plan for change, “given the obvious fact that our enforcement and legislative process will always be slower than the markets themselves,” Vestager stated during the event, organized by Keystone Strategy.

“For example, it is already time for us to start asking what healthy competition should look like in the Metaverse, or how something like ChatGPT may change the equation,” she noted.