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Towards a Lex Metaversi? The law applicable to virtual real estate in the metaverse

Authors

LÓPEZ RODRÍGUEZ, ANA MERCEDES

External publication

No

Means

Interact. Entertain. Law Rev.

Scope

Article

Nature

Científica

JCR Quartile

SJR Quartile

Publication date

01/01/2024

Scopus Id

2-s2.0-85218770522

Abstract

Recently, substantial investments in strategically located virtual lands and buildings within the metaverse have been garnering significant attention. The regulatory framework governing these investments lacks clarity and traditional choice of law rules encounter challenges related to decentralized ownership of virtual real estate and complex digital frameworks. This article explores the concept of virtual real estate and discusses the limitations of applying choice of law rules to resolve conflicts concerning land in the metaverse. It advocates for the use of ‘voie directe\' methods to effectively address these challenges – an approach that could ultimately contribute to the development of a Lex Metaversi, an evolving set of rules specifically tailored to the dynamics of the metaverse. © 2024 Edward Elgar Publishing Ltd.

Keywords

Arbitration; Choice Of Law; Lex Metaversi; Metaverse; Nfts; Virtual Land; Virtual Real Estate

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