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ARTICLE · 11 NOVEMBER 2021

Market Intelligence Thought Leadership Award Winner

Law In The Metaverse

Code is one of few forces to have challenged the dominance of law in regulating human behaviour.

CyprusTechnology

Code is one of few forces to have challenged the dominance of law in regulating human behaviour. The confrontation between code and law will transcend into an entirely new level in the metaverse.

The term 'metaverse' derives from the Greek 'meta' (μετα-), which can be translated as across, after, or even beyond, and '-verse', from 'universe'. The first use of the term is said to have been made in Snow Crash, Neal Stephenson's 1992 novel, in which humans interact with one another through avatars in virtual space. Variations of this concept were portrayed in motion pictures such as Tron, The Matrix and Ready Player One. However, the manifestation of the metaverse currently unfolding in real life is far more elaborate.

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