Post by account_disabled on Mar 11, 2024 22:34:05 GMT -5
There is no day without news about him metaverse, it seems that the stories are not exhausted and although some are laughable, others make one think. In a world of weak memory, it is worth remembering the suffered around technology: The supposed new economy of the Y2K apocalypse and app-based businesses. All of these were phenomena of possible technology-based businesses, where the expectations of many were frustrated and the savings of many others disappeared. And some things that are read and heard sound the same. This is not , or perhaps it is, but in any caso is a call to prudence We live in a very different economic and social situation from the one in which those “technological scams” took place. The economy is now digital and society navigates on mobile devices. Therefore, now as then, to emerge triumphant or reap acaso resounding depends on making a rational rather than an emotional approach. To address the phenomenon of the metaverse, it is convenient to do it from a triple perspective, technological, business and legal. The technological environment tells us what is possible now and what is pending and this determines what can and will be done from a business point of view. And the legal framework must be reviewed, if only to determine if we need a radical change, just an adaptation or leave it as it is.
THE TECHNOLOGICAL ENVIRONMENT From a technological point of view, the metaverse, as defined by Matthew Ball, “A series of interconnected persistent virtual environments rendered in 3D that simulate reality”, is still a long way off. "Ready player one" would be a visualization of it. This ideal environment has technological requirements that have not yet been met. An enormous computing capacity is required, communications superior to 5G and the development of artificial intelligence applied to virtual reality and augmented reality that we still do not have. But this does not mean that we should wait for events. We know that in some applications of AI, such as autonomous cars, development will not be immediate or surprising, but continuous, sustained and Phone Number List incremental. WHAT TO DO, WHEN TO DO IT AND WHERE And if this is the technological landscape, the next question leads us to the Business environment: What to do depends on the company. Some may adopt the position of waiting for events, but it is better to display a more or less intense activity according to the casoyes Therefore, it is vital to make a calm reflection, sit down and think, what am I going to do, why and in what period. FROM A LEGAL POINT OF VIEW Another of the myths of the metaverse is that it is a new territory, where there is no law or order.
This is not like this. we live in europe, where the development of a solid legal framework for the digital world has been developing for a long time. We are creating standards for Artificial Intelligence, the data economy and digital markets and services and not only that, but we are influencing other areas of the world, the so-called “Brussels effect” applies to this new economy in a very clear way. Therefore, in economic activities related to the metaverse, as occurs in the others referred to, the rules of European Law on competition, data protection and consumer protection they will apply to all those who do business in Europe or with Europeans. The legal issues come in the first place from the conception of this form of Web 3 in which we are going to move. We don't know yet if it will be decentralized (like the Internet in its origins) or if the big players will prevail. At the moment we find metaverses with DAO schemes (which raise questions about organizational stability and responsibilities) and other owners. In both casos, knowing the terms and conditions is the key. The themes of competition law will surely come up. Users will want to be able to move through various metaverses using a single avatar, platforms will have to find a solution based on interoperability, a concept from the 90s that has made a strong comeback in the data economy.
THE TECHNOLOGICAL ENVIRONMENT From a technological point of view, the metaverse, as defined by Matthew Ball, “A series of interconnected persistent virtual environments rendered in 3D that simulate reality”, is still a long way off. "Ready player one" would be a visualization of it. This ideal environment has technological requirements that have not yet been met. An enormous computing capacity is required, communications superior to 5G and the development of artificial intelligence applied to virtual reality and augmented reality that we still do not have. But this does not mean that we should wait for events. We know that in some applications of AI, such as autonomous cars, development will not be immediate or surprising, but continuous, sustained and Phone Number List incremental. WHAT TO DO, WHEN TO DO IT AND WHERE And if this is the technological landscape, the next question leads us to the Business environment: What to do depends on the company. Some may adopt the position of waiting for events, but it is better to display a more or less intense activity according to the casoyes Therefore, it is vital to make a calm reflection, sit down and think, what am I going to do, why and in what period. FROM A LEGAL POINT OF VIEW Another of the myths of the metaverse is that it is a new territory, where there is no law or order.
This is not like this. we live in europe, where the development of a solid legal framework for the digital world has been developing for a long time. We are creating standards for Artificial Intelligence, the data economy and digital markets and services and not only that, but we are influencing other areas of the world, the so-called “Brussels effect” applies to this new economy in a very clear way. Therefore, in economic activities related to the metaverse, as occurs in the others referred to, the rules of European Law on competition, data protection and consumer protection they will apply to all those who do business in Europe or with Europeans. The legal issues come in the first place from the conception of this form of Web 3 in which we are going to move. We don't know yet if it will be decentralized (like the Internet in its origins) or if the big players will prevail. At the moment we find metaverses with DAO schemes (which raise questions about organizational stability and responsibilities) and other owners. In both casos, knowing the terms and conditions is the key. The themes of competition law will surely come up. Users will want to be able to move through various metaverses using a single avatar, platforms will have to find a solution based on interoperability, a concept from the 90s that has made a strong comeback in the data economy.