[7] [8] While some people view the metaverse law under the umbrella of established legal fields, others have taken a broader position.
[1] In one opinion article, McCollum suggested that metalaw will emerge as the legal system that governs the metaverse.
[20] Additionally, Haley's metalaw theory has been cited by early and modern legal scholars strictly in space law context,[21] [22] including his critics.
Even though Brenner published her study more than a decade ago in 2008, the types of harm addressed by her paper surfaced as a common issue topic in the 2020s, where people frequently report unwanted sexual contacts and threats by other metaverse users.
[29] There is still a lot of development needed in the Metaverse to understand the full scope of law that will be applicable in the field.
Some of the laws that are currently being practiced in this field are listed below: Because companies often collect user information and share data without user knowledge as common practice,[30] privacy experts raise concerns that immersive metaverse experience opens bigger doors for privacy abuse and surveillance by companies.
When discussing the Metaverse, the statute includes user-generated digital content such as avatars, virtual real estate, and artwork.
People spend tens of thousands of dollars to acquire a piece of Metaverse real estate.
With the rise in popularity of Non-Fungible Tokens, an unavoidable component of the Metaverse space, intellectual property law has become crucial for effective governance.
Soon, technology companies will compete to create more sophisticated AR and VR tools, such as high-tech eyewear, headsets, etc., which will open up new industry opportunities for Intellectual Property Rights, such as new software and device patents.
The law will then require the accused to pay for the injuries, medical expenses, and other damages resulting from the act.
[36] There are other laws like defamation & overall regulation scenario of Blockchain & NFT, which depend on the type of transactions & activities done on a Metaverse platform.