Brussels is slowly but surely getting its regulatory game together when it comes to the digital sector, gradually fulfilling the EU’s ambition to be ‘rulemaker not a ruletaker’.
GDPR is arguably the global standard on data protection, the Digital Markets Act and Digital Services Act are already establishing themselves as benchmarks and new rules on cryptocurrencies have recently been adopted.
High-profile court cases against Google and Apple have also shown that Brussels is not rolling over for Big Tech. Now, regulators are looking at another fledgling technology that the industry says is going to be the next big thing: the metaverse.
‘Metaverse’ is already synonymous with Facebook, as the social media giant has launched its own digital universe where users can hold meetings, meet new people and exist virtually in the same space as other inhabitants of the online world.
But it is in fact not alone in offering a virtual space, as several metaverses are...