Goal he does not want the authorities to intervene in his master plan to develop his virtual world. A report of Bloomberg indicates that the company urged US lawmakers to postpone metaverse rulemaking. The technology company believes that early regulation could hinder innovation.
In a report, the company mentioned that it is important that legislators set fair rules for Web3 technologies, which keep people safe and promote innovation. Meta argued that many of the laws and regulations that exist in the real world will apply to the metaverse as well.
The document mentions that the rules must be technologically neutral, recognize the potential economic benefits of Web3, and encourage governments and industry to build the metaverse together. Edward Bowles, director of fintech policy at Meta, stated that this report marks the beginning of a series of conversations.
Bowles mentioned that he hopes there will be an interconnection between the different jurisdictions that will establish the rules that will govern the economy of the metaverse. The idea of Meta and other companies that are committed to this concept is that one day human beings will move to a virtual environment where we will carry out our activities.
Although the metaverse does not exist, it is clear that Meta and other companies are against early regulation that prevents them from taking advantage of their users. A few weeks ago, the authority of the United Kingdom (Ofcom) warned the bigtech that its inclusion in this technology will be subject to current laws that protect users who use digital platforms.
The Online Safety Bill is a UK Parliament proposal aimed at improving internet security. It addresses all kinds of harmful content that young people can access, including bullying, pornography, and fraud. Melanie Dawes, chief executive of Ofcom, said the scope of this law is wide enough to accommodate platforms and companies that play a role in the metaverse.
Bullying and other behaviors are more severe in virtual reality
The British regulator indicates that the immersive nature of virtual reality requires special attention. It is difficult to determine what a child experiences once they put on a VR headset, so moderation will play an important role in correctly handling these situations.
Harmful behaviors would be more severe in the metaverseaccording to a report from New York Times that uncovers one of the many cases of harassment that occur on platforms like VRChat.
“When something bad happens, when someone comes up and gropes you, your mind tricks you into thinking it’s happening in the real world,” said Chanelle Siggens, a user who was harassed in an in-game lobby. Population One.
For his part, Andrew Bosworth, director of technology at Meta, mentioned to his employees that the metaverse should have security levels almost Disney level. Bosworth noted the challenges of moderating a virtual universe that doesn’t yet exist, a task that seems impossible to him considering the setbacks he’s suffered with Facebook.
Regulators have no intention of taking chances and believe that companies like Meta or Microsoft will not be able to self-regulate their metaverses.