In the virtual currency market , there was exponential growth: tokens linked to decentralized metaverse projects accumulated gains of over 700% in a 30-day period, in the case of Sand, the native token of The Sandbox.
The expectation for the metaverse market, in general, is for major movements. According to a forecast by Bloomberg Intelligence , the market should reach US$800 billion – the equivalent of R$4.5 trillion – in 2024, driven mainly by metaverse games and events held in this new reality.
The digital transformation process and technological advances also demand a greater need to monitor activities carried out in virtual environments. Legislation such as the Internet Civil Rights Framework and the General Data Protection Law (LGPD) are examples of essential measures adopted to regulate digital spaces.
In this sense, despite the futuristic and attractive universe venezuela mobile database presented by the metaverse, the new reality brings great and important discussions about its regulatory process. This is because aspects such as data privacy , security, taxes , consumer relations and centralization, which can culminate in the control of the market by Big Techs; among others, reveal a scenario of great concern.
The new territory may exacerbate existing conflicts on the internet, in addition to bringing new problems. Laws will need to define, for example, what constitutes property in the virtual world and how to act in relation to physical property, that is, that which is tangible; and virtual property, which cannot be touched. This presents a major challenge when realities mix: how to issue a physical property in an intangible environment, for example.
In terms of taxation, the metaverse also presents obstacles. In addition to the issue of physical assets, which must continue to require the taxpayer to provide accounts, solutions must be devised for the Income Tax (IR) declaration on goods acquired in the metaverse, for example.
The creation of the metaverse also has legal implications. In addition to data privacy, there are concerns about industrial property, that is, in a scenario in which several attributes will be created for avatars, for example, it will be necessary to establish intellectual property. In the case of business generation, there is also a need to pay attention to the preparation of contracts and the way in which they will be signed in this new environment, as well as the definition of who will be the certifying authority for the documents. Considering the economic aspect that should arise along with the metaverse, it will also be necessary to take consumer rights into account.