You must've heard of the term Metaverse if you're connected to the Internet. In this article, you will read what Metaverse is and what are the Indian Laws for it.
The use of the term Metaverse is still not very clear but since it is something that has been around for quite some time there are different definitions of it given by different experts. Basically, it is a virtual reality in which people can interact with each other via their avatars. But the suspected growth in the metaverse in the next few years demands a set of laws and rules for this virtual reality. Let us see what Metaverse is and how the Indian laws will work for Metaverse.
What is Metaverse?
There is no written definition of metaverse; most people refer to it as a futuristic description of the internet. Virtual reality and avatars are closely related to the concept of Metaverse and are connected by a massive network. Zuckerberg rebranded Facebook as Meta and declared the start of Metaverse. It is a virtual universe with tremendous possibilities. It is the future of the Internet and is built on virtual reality. It can be considered an umbrella term and terms like virtual reality, mixed reality, and augmented reality come under it. It feels like we’re back in the 1980s and we have to explain the internet all over again when we talk about Metaverse.
Many experts say that Metaverse is a world of the Internet in which you can interact with Avatars and live a digital life. This virtual place will allow you to be friends with other Avatars and even buy and sell virtual properties. Some people might call it a video game but it is much more than that. It has to be the most developed version of video games as it allows the users to do everything virtually from eating to shopping and even getting married to other Avatars.
Issues Raised by Metaverse
Whenever a new technology is introduced in the world of the internet there are some issues faced by people initially. Some of them may be resolved while others are there and people have to adjust to them.
Data and privacy issues
This is one of the most significant legal issues that the users of the metaverse might face. If people live a completely virtual life on the metaverse their private information becomes much more valuable and any risk to this information can put the user in a vulnerable position.
Metaverse will be decentralised and it will be difficult to identify the actual person behind the avatar. This can be used to create duplicate digital assets or identities in infringement.
Indian Laws on Metaverse
There is no definition of Metaverse. This term has been around for quite some time but it gained popularity after Facebook changed its name to meta and declared that it would be working on Metaverse and virtual reality. Let’s have a look at how Indian laws relate to Metaverse.
The information technology rules of 2011 in India make it compulsory for companies to demonstrate security plans. These laws are mainly made with the primary goal of protecting the private information of consumers and users and have certain standards related to consent, disclosure, and data accuracy of information.
Intellectual Property Rights Infringement
Virtual assets are easy to replicate and because of blockchain technology, it is difficult to identify who is the person behind the digital Avatar. The Indian government still does not have any laws that can provide solutions for virtual infringements. This is something that the government must look into and create laws related to it as virtual reality is the future of the Internet and will be used widely all over the world.
Liability of Enforcements
The blockchain technology used in digital assets and metaverse will improve security and provide privacy to the users but this also means that governments and authorities might have a difficult time tracking down the real people behind the digital avatars. If there is any inappropriate action taken by the avatar in the virtual world it will be difficult to find out the identity of the true culprit and this will make it difficult to enforce laws and rules.
Practical Uses of Metaverse
As far as we know better voice is a 3D implication of the internet. You will get a virtual experience and you get to live a life that is completely digital. Let us now have a look at some uses of the metaverse and how it will be included in our daily life.
It is very obvious that anything related to virtual reality and the internet will be first used in video games. There have been some popular games such as Fortnite, Minecraft, etc that allow players to interact with each other virtually. This means that metaverse would be easily used in video games and allow the users to interact with each other.
At the workplace
Whenever there is any major transition brought into the world of the internet no profession is left out of it. Metaverse will help in the creation of workspaces where the avatars of the employees can interact with each other. This way online meetings can be held where users can interact with each other virtually instead of through two-dimensional video calls.
Healthcare and medicine
Augmented reality and virtual reality can be used in Healthcare and medicine as well. Augmented reality has already been used by architects to design operating rooms using holograms. Virtual reality can serve as a cure for mental health issues. It can also help in virtual therapy where the avatar of the patient and the doctor can interact online in a more realistic way.
Virtual reality also allows users to host parties and conduct events virtually. Instruments and music will be available on this digital platform and the avatars will interact with each other and enjoy the events like they do in real life.
Real estate and digital assets
Digital assets have already gained a lot of popularity in recent years and it will be no surprise if real estate on metaverse becomes just as popular. If the avatars of the users are allowed to shop and live in virtual reality they will have to buy real estate clothes, shoes, etc which will mean the transaction of digital currency and the buying of digital assets.
The increase in digitalisation and technology is undeniable and has to be accepted by all countries all over the world. Virtual Digital Assets cryptocurrencies and NFTs are already well known and now metaverse is the new hype. It has already gained a lot of popularity and now the governments need to make laws regarding digital and virtual reality so that users can easily and securely get access to these digital assets.
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