In October 2021, Mark Zuckerberg announced the rebranding of Facebook to Meta, leading to the concept of the metaverse. Considered the next evolution of the Internet, the metaverse is difficult to define but, in very basic terms, it can be described as a virtual world that is revolutionizing the way people can live, work, shop and interact with others from the comfort of their houses

Through the technology that has evolved in the gaming world and advancements in virtual reality, Web3, NFTs (non-fungible tokens), blockchain, and crypto assets, the metaverse is now a genuine prospect attracting unprecedented interest from entrepreneurs, large companies and the investment community.

In this article, we discuss the role of blockchain in the metaverse and key legal considerations when…