Standardization of the Digital Collectibles Market: The Starkelberg Game

Leveraging emerging blockchain technology and visionary metaverse concepts, digital collectibles have emerged as an indispensable force in the digital economy. However, developing markets are increasingly exposed to issues such as information asymmetry, technical vulnerabilities, and market manipulation, leading to disorder and hindering sustainable economic growth. The underdeveloped regulatory framework has yet to resolve these challenges effectively, making standardized development imperative. By constructing a multi-stage Stakelberg game model to analyze strategic interactions among regulators, platforms, investors, and consumers, this study proposes recommendations including appropriate policy intensity, optimized trading mechanisms, rational investment practices, and consumer education to facilitate the standardized evolution of the digital collectibles market.