Cryptoknowmics
2022-04-28 13:11:18

Could Metaverse Bring About Virtual Laws? Who Will Pass Judgment?

The metaverse has been growing fast since last year when it gained a spotlight after Facebook rebranded to Meta. Consequently, top companies are investing in building and adopting the metaverse concept. For example, Microsoft bought Activision-Blizzard for $68 billion to add its content to its metaverse project. The metaverse is a social interaction-focused virtual 3D world that integrates augmented reality(AR), virtual reality(VR), and avatars. Combining the three has led to new interaction, socialization, and earning forms. On the metaverse, users can develop, build, trade, learn, attend meetings, meet up with friends, attend concerts, etc. New technologies always bring about further questions and concerns as they develop and attract people. In metaverse’s case, many things are yet to be figured out since it is in the initial stages of development. One of these is legal concerns involving data and consumer privacy, real estate, antitrust, intellectual property, and financial regulation are facing many questions. As for now, we are left to ask ourselves; Could the metaverse bring about virtual laws? Could Avatar Lawyers be a Thing? As the metaverse grows, we might see avatar lawyers. These lawyers will provide virtual legal firms, real estate disputes, damages, etc. The catch is that these personas’ skills, knowledge, and credentials must be vetted and agreed on in the metaverse. Notably, this lawyer will not be the same as a...

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