The Ability To Apply Traditional Theories In Recognition Of Virtual Assets ' Ownership

Abstract

Under rapid and robust Internet development, the virtual world has become popular in recent years. Participants in the virtual world will invest time, effort, and finance to reap virtual items. In many cases, these virtual items are precious in the virtual world. However, current legislation does not yet provide direct regulation of virtual objects. Some views use traditional theories of the virtual world. Nevertheless, some pictures analyze the irrational aspects of applying conventional approaches to virtual assets. The article examines the applicability of traditional ideas in recognizing virtual assets, including Lockean Labor-Desert Theory, Hegel's Personality Theory of Property, and Bentham's Utilitarian Theory of Property. Besides, the article points out the difficulties in applying the above ideas to virtual assets. Finally, the article hints at the point of using the freedom of contract between developers and players to regulate the issue of virtual assets.