Lately, interest in virtual interactions has been centered around the metaverse, with companies like Facebook embracing it as the new wave in technology. However, this new technology remains largely unknown and confusing to many.
What is Metaverse?
The metaverse is an all-encompassing network of 3D virtual worlds. Individuals can access the virtual worlds through headsets using eye movement and voice commands. Virtual reality headsets stimulate the presence created by developing the physical sensation of being there.
Metaverse is commonly used in multiplayer virtual reality games where players use avatars to manipulate the environment and interact. Besides, entertainment labels and musicians have started to use the metaverse to host concerts.
The Laws in the Metaverse
While no laws currently govern the metaverse, a lack of regulation could harm users. The general rules that apply to any traditional online platform could also apply in the metaverse. These rules can include:
- Copyright Laws: A copyright is a series of rights vested in someone who creates original works of authorship. These works include movies, songs, books, and paintings. Metaverse copyright laws will come into play when dealing with digital artwork, virtual buildings, and avatars. The original owner of the copyright has a right to regenerate, distribute, upgrade, and display their piece of work. They also have the right to sue anyone who creates an avatar or digital work based on the copyrighted character.
- Contract Law: Contract law regulates the creation and the performance of contracts. The contract law will apply to the agreements made between the platform users in the metaverse. Whether selling or renting virtual goods or property, you must abide by the contract terms. If either party fails to comply with the agreement, the party at fault can be sued.
- Defamation Law: Defamation is an untrue and damaging statement made by an individual about another. The defamation law in the metaverse will apply to critical user-created content. You can be sued for defamation in the real world if you damage someone’s reputation in the metaverse.
- Tort Law: A tort is an omission or an act that harms or infringes the right of another. Such wrongdoings could cause injuries, property damage, and emotional distress. The metaverse tort laws apply to any physical injury, emotional distress, and property damage caused to someone. For instance, if someone physically assaults you in the metaverse, you are entitled to file an assault and battery lawsuit in the real world.
Join the TI:GER Program Today
The metaverse is a new wave of technology with immense possibilities. The Technological Innovation Generating Economic Results (TI:GER) aims to provide essential skills and practical education to students who want to be technology innovators in different industries.
Enroll in the TI:GER program to learn more about the metaverse and technology entrepreneurship from our team of business executives, professors, and lawyers worldwide.