Introduction
The European Commission’s Metaverse strategy, originally announced by Commission President Ursula von der Leyen in September, is set to address important policy issues related to virtual worlds. While the upcoming policy paper does not carry legislative power, it raises significant concerns regarding property rights, technological standards, and privacy. This article explores the implications and potential impact of the EU’s Metaverse strategy.
Delayed Release and Policy Concerns
The policy paper’s release has been postponed until next week to avoid interference with the preparations for the State of the EU speech. Although the commission has indicated that the proposal will focus on policy issues rather than proposing a formal bill, it could serve as a stepping stone for future regulatory actions.
Learning from Past Strategies
Drawing parallels with the European Commission’s 2018 strategy on Artificial Intelligence, which preceded the introduction of an AI bill in 2021, it is evident that initial policy frameworks can pave the way for future legislation. However, such regulations can be met with controversy and unintended consequences, as seen with the bloc’s recent Data Act.
European Values and Competition Concerns
The European Commission emphasizes the need to incorporate “European values” into the Metaverse, particularly concerning discrimination, safety, and data control. Additionally, the EU is concerned about the dominance of major players in the Metaverse space, such as Meta (formerly Facebook) and Apple, which could stifle competition. The commission aims to avoid fragmented Metaverses and promote collaboration through common international standards.
Support from the Digital Industry
The digital sector recognizes the potential of virtual worlds and hopes for a strategy that supports its growth. Lobby group DigitalEurope highlights the possibilities of cheaper online job training, virtual factories, and power grids as areas where Europe can excel.
Legal Quandaries and Fundamental Rights
The Metaverse presents various legal challenges, including issues related to personal property rights. Experts argue that online terms and conditions often undermine personal property interests, necessitating a debate on the need for new rules. The question arises as to whether the Metaverse requires its own rulebook or can be regulated within the existing legal framework.
Invasive Technology and Human Rights
Extended reality technologies, such as headsets and glasses, raise concerns about potential invasions of privacy and surveillance. Activists from the Electronic Frontier Foundation caution against the risks posed to human rights, including the collection of sensitive data and pervasive surveillance by governments and corporations.
The Role of Blockchain and Cryptocurrencies
The European Commission’s Joint Research Centre predicts that blockchain and cryptocurrencies will serve as foundational technologies for the decentralized infrastructure of the Metaverse. This acknowledgment highlights the relevance of the Metaverse strategy for crypto enthusiasts and the potential impact on the blockchain industry.
Conclusion
The EU’s Metaverse strategy aims to address policy concerns surrounding virtual worlds, privacy, competition, and fundamental rights. While the strategy will not have immediate legislative power, it sets the agenda for future regulatory actions. As the Metaverse evolves, careful consideration of European values, competition, and individual rights will be essential to ensure a balanced and inclusive virtual environment.
