The last few months have seen a handful of law firms, both small and large, showing interest in opening offices in the metaverse. While some are jumping in headfirst and buying virtual land, others are dipping their toes more cautiously by leasing the property from other attorneys short-term.
Still, taking into account how nascent the metaverse—and the technology it’s underpinned by, nonfungible tokens (NFTs) and the blockchain—are, all entrants at this stage are delving into a world without a clear regulatory framework, under a foundation that does not parallel real estate in the physical world, but rather operates under contract law.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]