Legal Challenges of Intellectual Property in the Metaverse Under UAE Intellectual Property Law: Trademarks, Copyrights, Patents
The concept of the Metaverse, fashioned after the physical universe, presents a virtual reality where economic activities and cultural expressions thrive. This virtual realm, inhabited by avatars, facilitates living, working, and socializing from any corner of the globe. Unlike traditional measures of success, the Metaverse predicates achievement on tangible assets like virtual real estate, NFTs, and digital tokens. As this virtual space evolves, complexities arise in defining and protecting forms of virtual property under existing property laws. Moreover, the rise of NFTs, fueled by cryptocurrencies and blockchain technology, underscores the growing importance of intellectual property (IP) rights within the Metaverse. The significance of intellectual property in the Metaverse cannot be overstated. Emerging IP practices in this digital realm demand attention, given their potential for commercial advantage. However, existing legal frameworks, such as the UAE's Federal Law No. 7 of 2002, have yet to comprehensively address IP rights within virtual worlds like the Metaverse. While international treaties provide a foundation for IP protection, adapting laws to accommodate the unique challenges the Metaverse poses remains a work in progress. Nonetheless, recognizing virtual designs as property and establishing clear guidelines for software copyright in virtual environments are imperative steps toward safeguarding creators' rights in this burgeoning digital landscape.
Authors
- Shuq Hussein (ORCID: https://orcid.org/0000-0003-1248-7496)
Institutions
- University of Edinburgh (GB)
Publication Details
- Published
- 2024-11-26
- DOI
- https://doi.org/10.1109/imeta62882.2024.10808155
- Citations
- 5
- Primary Topic
- FinTech, Crowdfunding, Digital Finance
- Type
- article
- Field-Weighted Citation Impact
- 2.64