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Legal Mag > Blog > General Counsel > Overcoming Compliance Risks as the Metaverse Promises New Revenue Streams
General Counsel

Overcoming Compliance Risks as the Metaverse Promises New Revenue Streams

Press Room
Press Room 1 week ago
Updated 2023/03/17 at 7:56 PM
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Credit: Yingyaipumi/Adobe Stock

Metaverse technologies are already revolutionizing how companies interact with customers, prospective clients, vendors, and teammates. In fact, corporations like Microsoft, Google, and Amazon have already built a virtual world to explore future sources of revenue. Nearly 25% of people will spend at least one hour a day in a metaverse for work, shopping, education, social media and/or entertainment, according to Gartner. The pressure is on ethics and compliance officers to identify and manage the risks associated with any emerging technology. Their new task is to ensure their companies bring to the metaverse the same level of commitment and ethical behavior they embrace in their “real world” operations.

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