Regulation of the Metaverse: A Roadmap: The risks and regulatory solutions for largescale consumer platforms.

Abstract

Over the last thirty years, virtual reality (VR) and augmented reality (AR) technologies have steadily advanced, enabling high-fidelity experiences at consumer prices. Over the same period, network speeds have risen dramatically. Combined, such advancements have increased the prospects of widespread adoption of VR and AR worlds. Recently branded “the metaverse” by Facebook (now Meta), major corporations have begun investing billions to deploy immersive worlds aimed at mainstream activities from socializing and shopping to education and business. With the likelihood rising that metaverse platforms greatly impact society over the next decade, it is prudent to consider the societal risks and plan for meaningful regulation. The dangers of the metaverse are outlined herein along with proposals for regulation.