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SNCJ Deep Dive: Data Privacy in the Metaverse

SNCJ Deep Dive: Data Privacy in the Metaverse

Update: 2022-05-25
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The term metaverse was originally coined by author Neal Stephenson in his 1992 science fiction novel Snow Crash. But defining exactly what constitutes the metaverse we are seeing develop now can be challenging. Stephenson defined it as “an all-encompassing digital world that exists parallel to the real world.” The generally accepted definition these days is a three-dimensional version of the Internet, i.e. a virtual platform for social interactions between users and their virtual surroundings, accessed via virtual reality, augmented reality and machine learning. 

However you might feel about that, the bottom line is that real companies are buying property and otherwise doing business in the virtual world. A lot of business. Some analysts see the metaverse becoming an $800 billion market by 2024. We’ll have to see how that goes, but whatever the potential might exist in the virtual world, there is a very serious hurdle rooted firmly in the real world – data privacy. 

To get at the heart of that concern, we’re joined today by global data privacy expert Sheila FitzPatrick, founder and president of Fitzpatrick & Associates and a person who regularly collaborates on privacy issues with technology firms around the world. FitzPatrick weighs in on a number of key issues surrounding data privacy in this strange new world, including: 

How serious are the privacy concerns around the metaverse for those who partake in that world?

How can the metaverse impact people’s privacy? 

What is the exposure for companies in regard to liability in this area? 

The impact of  cryptocurrency on the development of the metaverse

How she is counseling her clients in regard in this area, and the key components to building a solid compliance strategy in this area. 



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SNCJ Deep Dive: Data Privacy in the Metaverse

SNCJ Deep Dive: Data Privacy in the Metaverse

Richard Ehisen