Metaverse without regulation would be a ‘very scary prospect,’ experts warn
Meta Platforms (FB), formerly known as Facebook, lost an attempt last week to quash a proposal from shareholders who want to know whether its planned virtual world will cause real-world harm.
The question comes as critics of the metaverse voice concerns that the burgeoning virtual world sorely needs regulation to protect its users. The absence of rules to police the metaverse could hurt consumers in the same ways they’ve been hurt in other online platforms, critics warn. The metaverse could also create brand-new injuries without proper oversight, according to critics.
If the metaverse becomes ubiquitous, regulation could become even more crucial.