E-commerce Trading using VCG Auction Mechanism in Metaverse

The emergence of the metaverse has completely changed how people communicate, socialize, and do business. The potential for e-commerce trading within the metaverse has increased dramatically as virtual settings get more complex. In this article, we introduce a novel algorithm designed specifically for the optimization of e-commerce trading within the meta-verse. Recognizing the challenges posed by traditional auction mechanisms in virtual environments, we propose the integration of the Vickrey-Clarke-Groves (VCG) auction mechanism as a pivotal solution. The VCG auction, renowned for its fairness and efficiency, emerges as a cornerstone in our endeavor to enhance resource allocation in metaverse-based e-commerce platforms.