Students at Loyola Law School in Los Angeles are taking a brand new course this year: Law in the Metaverse!

The course looks at everything from cryptocurrencies to smart contracts, and how real-life rules will work in the virtual world.

While you’ve heard of the metaverse, you’re probably still wondering what it is.

“This will completely redefine education, business, shopping and so much more,” began Steve Grubbs, CEO and co-founder of VictoryXR.

It’s an immersive virtual world, commonly accessed through a headset, and “it’s synchronous, meaning you’re there with other people at the same time,” Grubbs explained.

The perspective of this new reality presents challenges for the law.

“This is forcing the evolution of the practice of…