REGULATORY FRAMEWORKS FOR METAVERSE PLATFORMS: CHALLENGES AND OPPORTUNITIES
Keywords:
metaverse, virtual reality, augmented reality, regulation, governance, privacy, security, content moderation, intellectual property, consumer protection.Abstract
The emergence of metaverse platforms has brought forth a new era of virtual shared spaces, transforming various aspects of human interaction and experience. However, the rapid development of these platforms also presents significant regulatory challenges, particularly in the areas of user privacy, security, content moderation, intellectual property rights, consumer protection, and jurisdiction. This article explores the regulatory landscape of metaverse platforms, identifying key challenges and proposing potential solutions to address them. Through a systematic literature review, we analyze the current state of metaverse regulation and develop a comprehensive framework for governing these platforms. We propose a multi-stakeholder approach that involves the collaboration of governments, industry players, civil society organizations, and academic institutions to create a safe, fair, and sustainable metaverse. The article highlights the need for a flexible and adaptable regulatory framework that can keep pace with the rapidly evolving nature of the metaverse while balancing the interests of different stakeholders. We conclude by emphasizing the importance of ongoing monitoring, evaluation, and adaptation of regulatory approaches to ensure the metaverse remains a space for innovation and inclusivity..
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