Posted Friday, April 7th, 2006, at 9:24 am Eastern by Mark Wallace

One small hopeful snippet from the American Bar Association’s Cyberspace Law Committee’s eCommerce Subcommittee can be read at the subcommittee’s blog: “Hank Judy [formerly of the Federal Home Loan Mortgage Corporation] spoke of his growing sense that the Cyberspace world was better explained through a property law analysis than the long-standing presumption that there is such a thing as a ‘virtual’ world.” Hard to tell what this will eventually mean in the 3pointD world, but it seems a promising direction to move, as it makes the tacit assumption that there are few fundamental differences between property rights in the real world and those in the virtual world. But the law moves slowly. The question to be decided, it seems, is whether pixelated “items” are in fact property as the law understands the term. There are a lot of great minds working in this area (and many of them blogging over at Terra Nova, including in this post from Dan Hunter), but so far little action. How these questions are decided, though, will have a huge impact on what will and won’t be possible in the metaverse, so they’re well worth paying attention to.


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