The borderless and revolutionary nature of the metaverse presents complex legal and regulatory challenges, particularly due to the absence of global, unified frameworks and regulations. This lack of governance over the metaverse raises concerns in various areas, including data security, privacy, online harm, user safety, interoperability, digital well-being, addiction, intellectual property, open access, consumer protection, advertising technology, content moderation, and identity theft and fraud.
This report titled ‘Responsible Metaverse Self-governance Framework’ (PDF, 2.48 MB) covers information about the metaverse, a new virtual world that facilitates users’ interactions through various technologies, like virtual reality and augmented reality. The report emphasises the need for setting self-regulatory principles to ensure safety and digital security within this emerging space.
It presents a set of common minimum self-regulatory principles aimed at promoting responsible use in the metaverse.