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Scaryverse

from Yahoo! Finance

Metaverse without regulation would be a ‘very scary prospect,’ experts warn

by Alexis Keenan

Visitors are pictured in front of an immersive art installation titled
Visitors are pictured in front of an immersive art installation titled “Machine Hallucinations – Space: Metaverse” by media artist Refik Anadol, which will be converted into NFT and auctioned online at Sotheby’s, at the Digital Art Fair, in Hong Kong, China September 30, 2021. REUTERS/Tyrone Siu TPX IMAGES OF THE DAY

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.

[ click to continue reading at Yahoo! Finance ]

Posted on April 11, 2022 by Editor

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