We’ve been hearing a lot about the metaverse recently. This universe, which many tech giants like Facebook have started investing in, is becoming increasingly popular. With the popularization of the metaverse, the efforts of joining the universe has  increased and accelerated. With the involvement of many famous brands, access to the expanding Metaverse universe will be provided with the help of technologies such as augmented reality and virtual reality.

What Does the Metaverse Mean?

The name metaverse is derived from the combination of the words “meta”, which means “after, beyond” in ancient Greek, and the English word “universe” which means “transversal”. So, what is meant by the term ”transversal”? To  explain briefly, the metaverse means a collective virtual sharing space created by combining all the digital worlds, that is, a fictional universe in which all the digital worlds are located.

According to many experts, it will be possible to get into the Metaverse, which will be completed in the future, through virtual reality or augmented reality.  The term, which had not been studied for a long time because it was considered a science fiction idea and a dream, is on its way to becoming the future of the Internet with the support of infrastructure development and investors such as Mark Zuckerberg who want to build it.

Mark Zuckerberg, the owner of Facebook, who is considered the founder of social media, has repeatedly stated that changing the company’s name to Meta is just the beginning and his investments in this universe will continue. Meta (formerly known as Facebook) continues to work in order to develop the universe, by translating the data provided by various devices every day into a new 3D reality. The business recently announced its goal to employ 10,000 workers in the Europe to work on transforming Facebook into the Metaverse, an online world where users can play games, work, and communicate in a virtual environment utilizing VR headsets.

How to Enter the Metaverse?

The Metaverse is a world in which people will exist completely digitally, thanks to augmented reality and virtual reality devices, without any physical effort. Advanced headset and VR glasses equipment will be used to enter the Metaverse.

We are currently able to provide secure access to the Metaverse through the platforms of leading-edge games such as Sandbox.  First of all, we must become a member of the site and create an avatar for ourselves to use in this universe. After entering the Metaverse, there will be many sites that we will need to participate in, and they will all work interconnected. Cryptocurrencies will also become the main currency. For this reason, users who want to exist in the metaverse are advised to invest in cryptocurrencies and especially in NFTs.

 

How to Buy Land in Metaverse?

Despite the fact that the Metaverse is still in the development stage, digital real estate sales in the form of digital tokens (NFTs) have begun being sold on virtual platforms such as The Sandbox, Decentraland, and OVR. So how are purchases made in the Metaverse universe?

Before investing, you should read the technical document called “White paper”. This paper contains the purpose of the product, the innovations it will add, its basic idea, and technical details. Then it is necessary to create a digital cryptocurrency wallet, which is a type of computer software compatible with the blockchain. The user needs to access the markets of the metaverse platform of his choice and connect his digital wallet to it. Sunday places are located in metadata repositories. The process after that is similar to buying real estate in real life. A buyer can make a purchase by prioritizing the value, location, and future status of the virtual land he wants to buy. It is speculated that digital land prices will increase in the future. Currently, the price of a parcel in the Sandbox universe is set at US$179 million, and the price of a parcel in the Decentraland universe is set at US$20.7 million.

 

 

What Are the Legal Problems that May Occur in Metaverse?

It is essential to make legal arrangements to ensure the sustainability of each new organization and to prevent abuses. As the work on developing the platform progresses and the demand for the Metaverse increases, a number of legal questions are  coming up as well.

The first issue that comes to mind is how many separate metaverses there will be, and if there are more than one, will it be possible to travel between universes, and who will be responsible for the problems that may occur on the journey. In order to decipher possible problems, lawyers propose to conclude agreements between the Metaverse and the countries of the world.

It is another matter of debate whether avatars will be granted a right such as ”virtual human rights”. In addition to the recognition of such rights, there are also questions about whether the avatars will be legally responsible for their behaviors. For example, recently a female user complained that she was being harassed in Meta’s VR social media platform. After confirming the incident, Meta announced that it had developed a feature where avatars cannot touch each other and will be integrated into the universe very soon.

The point of confidentiality of private life and protection of personal data is one of the most sensitive questions. Although violations in this regard have increased with technological developments and the increase in the use of information systems, protection mechanisms are also being developed and put in place. Considering that the Metaverse is a much more inclusive universe far beyond information systems, it is recommended by lawyers to introduce broad protections in terms of privacy of private life and personal data.

 

It seems that Metaverse projects will diversify in the future, and the demand for platforms will continue to grow. Technologists recommend that we complete preparations for entering the metaverse and create an avatar to use there. It is time to decide how we want to exist in the Metaverse, which is called the future of the Internet, and move on.