Metaverse: Legality & Regulatory Concerns In India

Metaverse is Mark Zuckerberg's attempt to rebrand Facebook after years of being mired in data mining and false news controversies in Europe, North America and Asia. While the platform is still under construction and is expected to take another decade to be refined, there is no doubt millions of users still do spend several hours of their day on virtual social media platforms and there are regulations governing their interactions with and within these spaces.

The metaverse is an attempt to increase the overlap of our social and digital lives in areas such as socializing, productivity, and prosperity through the use of Virtual Reality (VR) and Augmented Reality (AR) on online communities. However, the pursuit of this futuristic technical frontier raises concerns around already contentious issues such as data privacy, anti-trust, and intellectual property rights (IPR), all of which must be addressed to fully appreciate the technology's potential.