The Metaverse involves a confluence of cutting-edge technologies
and is touted to become as revolutionary as the Internet when it
was first brought into the mainstream. With a projected 25% of the
global population spending at least an hour a day in the Metaverse
and the size of the Metaverse market expecting to reach USD 758
billion by 2026,1 fraud in the Metaverse is
inevitable.
In this article, Danny Ong, Jason Teo, and Stanley
Tan of Setia Law LLC consider some of the jurisdictional
issues that could arise in the Metaverse which victims of fraud are
likely to grapple with when seeking relief.
Introduction
The Metaverse brings together a gamut of cutting-edge
technologies and has the potential to revolutionise how we
fundamentally interact, learn, work, play, and live as a
society.2 With the confluence of virtual reality,
artificial intelligence, blockchain, spatial, and cloud
technology,3 the Metaverse is poised to usher in a new
era of possibilities for
