《民法总则》第127条标示着法律明确将网络虚拟财产纳入法律的保护范围。在肯定立法进步的同时，也应看到在虚拟财产领域，仍有很多理论与实务问题亟需解决，这些包括：（1）研究多将虚拟财产直接作为民法术语的“财产”使用，为了各自的论证目的，在不同意义上界定虚拟财产；（2）传统“物债二分”体系难以应对内容类型多样化、且不断发展变化的虚拟财产，知识产权说、物权债权双重属性说、多元权利说、新型财产权说等也都有各自的遗憾；（3）理论研究中对实务领域新的素材抓取不够，从而缺乏对现实问题和理论前沿的把握。在此基础上，本文重点在如下方面进行论述，并提出理论创新：（1）达成虚拟财产的共识概念——在网络环境中用数据代码形式记录并存储于虚拟空间的、以数字化形式呈现的模拟现实事物的信息内容。并在不预设虚拟财产法律性质的前提下，先论证虚拟财产为财产利益，之后通过承认其法定性、普遍性和道德性将其上升为权利进行保护；（2）在分析既有学说优势与不足的基础上，指出对虚拟财产类型化分析的必要性，以虚拟财产之于合同的独立性为类型化标准，将其分成以虚拟账号、虚拟商店等为客体的债权，和包含虚拟装备、物资、货币、创造物等类似于现实中“物”的在特定网络环境下具有绝对权性质的新型财产权，并首创“虚拟物权”的概念；（3）基于实证分析，提炼出当前民法保护规则的惯用方式和存在的问题，构建虚拟财产的民法保护规则。具体包括：在侵权法保护规则中，将虚拟物权作为绝对权纳入侵权法保护，并写入《侵权责任法》保护范围；运营商侵权适用过错推定责任原则，第三人适用过错责任原则；在预防性和补偿性责任中，建议引入第三方交易平台作为中立方来进行价值评估，在精神损害赔偿问题上，以是否具有人格象征意义结合“理性第三人”标准进行判断。在合同法的适用上，对格式条款效力的判断应当结合虚拟财产权的具体性质和利益综合考量；区分运营商基于合同附随义务的安全保障义务和基于侵权法的安全保障义务，建议当事人与法官在具体情形下进行权衡选择。路漫漫其修远兮。尽管对虚拟财产的研究珠玉在前，但由于其本身的理论价值以及现实中尚未解决的问题的存在，笔者仍期待在完善我国虚拟财产的法律保护方面做出力所能及的贡献。

Article 127 of the General Principles of the Civil Law indicates that the law explicitly includes virtual property in the scope of protection of the law. While affirming the progress of legislation, we should also see that there are still many theoretical and practical issues that need to be resolved, including: (1) most studies use virtual “property” as a civil law terminology without verification, and define virtual property in different senses for their own purposes; (2) the traditional dichotomy system of “property and debt” can hardly deal with the diversity and development of virtual property, and the theories of intellectual property rights as well as other new property rights also have their own regrets; (3) many theoretical researches are lack of new materials, and thus fail to grasp real problems and theoretical frontiers. On this basis, this paper focuses on the following innovations: (1) achieve a common idea of virtual property. Under the premise of not presupposing any legal nature of virtual property, we first demonstrate that virtual property is a kind of property interest, and then promote it to rights by recognizing its legality, universality and morality; (2) point out the necessity of the classification of virtual property on the basis of criticism. Then divide virtual property into debt (such as virtual accounts and virtual stores) and a new type of property (virtual equipment, virtual currency, virtual creation, etc.) with the standard of “independence”; (3) based on empirical analysis, conclude the existing problems of the protection of virtual property, and construct the protection rules for virtual property as follows.In the aspect of the tort law, firstly，integrate the virtual property right into the tort law protection. Secondly, apply the principle of presumption of fault to the operator’s infringement, while the principle of fault to the third party. Thirdly, introduce a third-party trading platform as a neutral for value assessment. On the issue of mental compensation, judge whether there is a symbol of personality, combined with the “rational third person” criterion. In the application of the contract law, firstly, the judgment of the validity of the format clause should be combined with the specific nature and interests of certain virtual property rights. Secondly, the security protection obligation of the operator based on the contractual obligations and the tort law should be measured in specific cases.Although there are many good researches of virtual property in the forefront, due to its theoretical value and the unsolved problems, I wish to make contributions within capacity to improve the legal protection of virtual property in China.