Legal and Regulatory Issues and Challenges in India that are distinct to Metaverse [Video]

What Is The “Metaverse”?

The term “metaverse” has caught headlines since Facebook announced the change ofits legal corporate name to “Meta” in October 2021[i] and is still a very hottopic in the field of technology, some people going as far as to call it a nextrevolution or next “big thing” in the Internet. So, what is the metaverse?

Inshort, the metaverse is a collective virtual shared space that enables users tointeract with one another through immersive and interactive virtual experiences.[ii]The concept of the metaverse has been around for decades, but it has gainedsignificant attention recently due to advancements in technology and the growingdemand for virtual experiences, which was later popularised by Facebook bychanging its name.

India is not immune to the legal and regulatory issues and challenges presented by the rapidly growing metaverse. [iii]A metaverse is a virtual world where people use devices like headsets …