It’s been burned before, but Meta is making another effort to shape digital-world policy, this time for the future regulation of the metaverse. jesseahamilton reports
After Meta Platforms famously riled up U.S. regulators with Facebook’s abortive stablecoin initiative, the company is back with an effort to influence digital policy – this time for the metaverse – but it’s charting a less aggressive course.
“It’s important for policymakers to set fair rules for Web3 technologies that keep people safe and promote innovation,” the company said in a “discussion paper” released Friday.
“We’re some way off that being a reality, so these are very early days,” he told reporters this week in Washington, calling this paper “just the beginning of a series of conversations” The document outlines three priorities for the metaverse – an evolution of the internet that foresees users interacting in virtual reality worlds. Eventual metaverse rules should take a technology-neutral stance, recognize the potential economic benefits in Web3 and insist that the governments and industry build it together, according to the paper. That cooperation would include the potential role of central bank digital currencies in the metaverse economy., first known as Libra, then Diem.
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