Can You Truly Own Anything in the Metaverse? Blockchains and NFTs Don’t Protect Virtual Property

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Can You Truly Own Anything in the Metaverse? Blockchains and NFTs Don’t Protect Virtual Property

   Blockchain Legal Metaverse NFT Non-Fungible Tokens Opinions Sandbox    April 24, 2022  |  0

 
João Marinotti, Associate Professor of Law, the Indiana University.______
In 2021, an investment firm bought 2,000 acres of real estate for about USD 4m. Normally this would not make headlines, but in this case the land was virtual. It existed only in a metaverse platform called The Sandbox. By buying 792 non-fungible tokens on the Ethereum blockchain, the firm then owned the equivalent of 1,200 city blocks. …
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