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The Role of Legal Governance Framework in the Metaverse World
Abstract
The book chapter analyses how the current legal framework of self-governance is weak in regulating the metaverse world. The rule of law, as a discourse that emphasizes the legitimacy of governance and appropriate limits on the exercise of power, provides a useful framework as a first step to reconceptualizing and evaluating these tensions in communities at the intersection of the real and the virtual, the social and the economic, and the public and the private. Technologists, practitioners, and regulators must be open to these tensions to appropriately develop the correct legal governance through a mix of user control, industry practice, and regulatory oversight for a just and equitable metaverse world.
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