Insight | MetaLawMan

Metaverse Much? Better Read the Fine Print

Over the past year alone, the metaverse has exploded in popularity, attracting massive investment from Fortune 500 companies, investment funds and millions of gamers. This research report examines the surprising rules governing metaverse projects.

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White Paper: It's Time for Adoption of a Meta Magna Carta

The time has come for a declaration of universal rights and freedoms in the metaverse. That declaration of universal rights should be debated and adopted by the whole metaverse community through a fully decentralized, transparent and collaborative process. And that declaration of universal rights in the metaverse should be called--the Meta Magna Carta.

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Meta Magna Carta, Version 1.0

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Covered in this report

A Review of the Fine Print

When we log on to a website, we are often asked to click a box to signify our agreement to a document called the “Terms of Service.” But who is going to read all those lengthy Terms of Service? Well, we did. And what we found just might surprise you.

Virtual Assets Ownership

Of the 82 metaverses we looked at, only 42 make it clear that the users actually acquire ownership rights to the assets that they buy or build in the metaverse. Many are silent on this point, and some reserve the right to take away your access to all of your virtual assets if you violate the rules of their metaverse.

Selling NFTs

Out of the 82 metaverses we studied, 11 spell out the commissions you must pay to the metaverse operator when you sell virtual assets (like NFTs) within that metaverse.