Shraddha Shenoy, Founder, Lex Mandamus LLP (A Mumbai based Law Firm)
Introduction
The Metaverse represents a criterion shift in the manner in which the Internet will be perceived. However, it is still incomprehensible and has not been explored enough, including the conceptualization of laws in the virtual world and their operations.
The term was first coined in by the author Neal Stephenson in his book Snowcrash in the year 1992. The book was a dystopian science fiction work which referred to a virtual reality world. Although the concept started picking up steam after Facebook revealed that its parent company now had a new name ‘Meta’ edging closer to the metaverse vision the brand has been moving towards, in the hopes of transfiguring the internet experience entirely. With metaverse platforms like HyperVerse Decentraland, Nakamoto, Cryptovoxels now gaining traction and Facebook shifting its strategy by focusing on metaverse has accentuated its presence.
