![]() Privacy and data collection, antitrust or anti-competition, free speech and defamation, as well as intellectual property issues, from copyright to patents to trademarks. But other tech companies, from Microsoft to gaming companies like Nvidia and Roblox, are equally eager to capture as much real estate in the metaverse as they can.Īs is the case in the physical world, there are a host of legal issues that will arise in the metaverse. Meta, the Mark Zuckerberg-led company that owns Facebook, is deep in development as it attempts to capture the bounty of the Metaverse for itself. The metaverse is expected to expand, becoming a richer environment for the user community. Participants can attend a virtual musical event like a concert by American rapper Travis Scott. Sports leagues are joining in, with opportunities for purchasing NFT trading cards, or attending the next generation of fantasy league events. ![]() The gaming universe, for example has been a leader in developing new space, with gamers able to make in-game purchases using the virtual in-game currency of digital objects, like “skins”. While the metaverse is still developing, it has gained a foothold in a number of sectors. And lots of not so imaginary value will be created, as consumers of this new virtual and augmented reality spend real money, albeit in the form of digital currencies, to participate. Many of these new virtual experiences or goods will have the added allure of being an NFT ( read more about IP and NFTs), a unique digital creation. For example, shoppers can buy virtual products, online simulacrums of a real item with which to adorn their avatar or can attend concerts and sporting events as virtual VIPs, buy expensive and unique works of art, drive virtual autos or yachts, travel and dine in special and exotic locations and more. What is envisioned is nothing short of a sophisticated make-believe world in which consumers can experience life virtually. (Photo: Diamond Dogs / iStock / Getty Images Plus) While the metaverse is still developing, it has gained a foothold in a number of sectors and is expected to expand and become an ever richer environment for users. Some of this functionality already exists in gaming platforms. What is the metaverse? In the simplest of terms, it is a virtual space in which users are and will be able to interact and connect with each other in myriad ways – gaming, collaborating, shopping, and exploring – without leaving the comfort of their couch. © 2022 Multiplier, Inc, all rights reserved.By Kathryn Park, Principal, Strategic Trademark Initiatives, Connecticut, USA Harness Wealth, Harness Tax and the Harness Wealth Logo are trademarks of Multiplier, Inc. Harness Tax LLC provides tax related services directly to clients and Multiplier, Inc., doing business as “Harness Wealth”, provides recommendations of third-party tax and legal service providers.Ĭontent on this website regarding financial planning, investment, tax, or legal topics should not be relied upon, standing alone or without the guidance of a capable professional, to support personalized decision-making by or affecting individual clients. ![]() The managers whom we match our clients with have their own separate investment suitability determination responsibilities when rendering personalized investment advice to the client, and, distinct from our periodically monitoring the verifiable credentials of the managers on our platform, Harness Wealth Advisers makes no representation and bears no responsibility for the quality of the personalized investment advice that a manager renders on behalf of a client. As an internet investment adviser, the only investment advice given by Harness Wealth Advisers is to refer clients to third-party managers whose capabilities make them, in our judgment, suitable for personal evaluation and possible retention by the client. Harness Wealth Advisers acts as an adviser for clients with respect to their introduction to and, if retained by the client, servicing by third- party investment managers. Securities and Exchange Commission as an internet investment adviser. Contact us at Wealth Advisers LLC (“Harness Wealth Advisers”), a wholly owned subsidiary of Multiplier, Inc., a Delaware corporation, is registered with the U.S. Harness Wealth runs a bug bounty program and rewards individuals who submit potential vulnerabilities through the program. ![]()
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