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Explore the future of the rule of law in the metaverse

Explore the future of the rule of law in the metaverse

【 Image source: wired.com Owner: darren shou]

As Matthew Ball, former head of content at Amazon, puts it: "The metacosm is a persistent, synchronous, and real-time universe that will span both the digital and physical worlds and be fully inclusive." "In people's descriptions, it's a digital shared space where everyone can interact seamlessly in a fully immersive analog experience; it's a growing possibility between the digital environment and the physical world." In the metaverse, you can interact with real-life virtual objects through real-time information, achieving a fusion of virtual and real. The metaverse will become a place where people come together to create, work, and spend time together.

Therefore, it is not surprising that the tech giants have entered the meta-universe with all their might. Many of the games have "Fortnite," Microsoft has Minecraft, Facebook has Horizon, and many of these products are contributors to the metaverse. Facebook's Mark Zuckerberg has laid out his vision of transforming Facebook from a social media network company into a "metacosm company" within five years. "This is going to be the new form of the mobile Internet," Zuckerberg told shareholders this month, "and you're going to be able to access the metaverse from all the different terminals." From mobile apps to computer programs to VR (virtual reality) and ar (augmented reality), of course the quality of access will vary. ”

You can do a variety of activities in the metaverse, and as long as you dare to think, there is nothing you can't do. For example, in the global trend of the new crown, no matter where you are, you can share happy hour with friends online, and even weddings, schools and work can be done remotely, and this trend is still growing. Not only that, but the metacosm's opportunities for remote work exceed expectations. Virtual meetings and a large number of tools that facilitate distributed team collaboration have also begun to play a wide range of roles.

In the field of entertainment, the meta-universe will further provide players with an immersive gaming experience that even VR games can only hope for. As the equipment in the player's hands continues to upgrade, the day when the meta-universe will show its fists in the game space is getting closer and closer.

Tech companies keep their bets on keeping users alive and active. Investors also can't turn a blind eye to the metacosm, as it will open a whole new chapter in the entertainment space.

The industry is maintaining a rapid growth momentum. What the future holds for the metaverse is unclear, but according to research firm Strategy Analytics, the value of the metaverse worldwide could reach $280 billion by 2025 and is likely to continue to grow. As soon as the market forecast came out, people's interest in the metacosm grew. The growing technology and the world are closing down have also led the market to pay special attention to the new interaction models that the metacosm can bring to companies and users.

Discussions around the metacosm are endless, and interest from industry leaders is growing rapidly. This will undoubtedly be a major positive for meta-universe investment. Many of the "first to eat crabs" have already made a lot of money, and the millionaires who invest in Bitcoin are a good example. For now, the metacosm is becoming the next big wave for investors. Investors, we must pay close attention to this area.

Admittedly, life is not a game. When emerging technologies come, the current regulations are bound to be at odds with them. How will the law adapt to new technologies in the future? The following points are worth noting:

Intellectual Property: When one or more players in a virtual game work together to create a virtual commodity or virtual world, who owns it? Is this product copyrighted? Is it possible to create, protect or use a brand image in the virtual world? What strategies can content creators deploy to protect their brands in the virtual world? For enterprises with c-end business as the mainstay, these will be crucial issues.

nft: The changes that nft (non-homogenized tokens) have brought to entertainment, sports, and media are obvious to all in the industry today. Today's media focuses more on the entertainment space, and media content will be transformed into unique "tokens" in the metaverse. But imagine that when all cities, regions, and countries are categorized in the virtual world, the content on the platform will explode. In other words, this is just the beginning of the commercialization of the metaverse through nft. This information, are they securities? Are they currencies? Who regulates it? Who can buy? And who can trade? Lei Feng network

Data Protection and Privacy: As humans spend more and more time in the metaverse, who owns the resulting data? Who is protecting your identity? What happens if your information or identity is stolen? Who will be responsible?

Who sets the rules? By whom? These are just some simple examples. Some say that our legal system should seek change to try to adapt to the metaverse; others support a new legal system designed specifically for the metacosm. While the metacosm has endless potential for businesses and investors, without a system for designing, promulgating, and enforcing rules, the risks to the industry as a whole are also quite high. At present, the metacosm has been "beautiful alone" in the virtual world, and how long can this state last? Until the first "meta-tragedy" that attracted public attention? Or can someone or a company be clamoring for the creation of rules? In this regard, the metacosm has learned from cryptocurrencies: fully decentralized rule creation will bring a lot of regulatory policy troubles.

The true metacosm may be a few years away from us. At the same time, Facebook and other industries are busy laying the groundwork for a future where family, friends, colleagues, and more can meet and interact in a real shared digital space. In this process, digital currencies will also play a key role.

The era of the metacosm has quietly arrived. Digital and physical, these two distinct worlds are now gradually merging. Current technology is not enough to support this integrated metaverse, and it may take some time for dreams to shine into reality, but the metacosm is already supported by billionaires and many talented designers. Now, the only competitor to the metaverse is life itself.

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[Cover image source: website name wired.com, owner: darren shou]

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