homepage - Bloom METAVERSE

Welcome to Bloom Law’s metaverse website.

The metaverse, a virtual world connected to our physical world, has the potential to revolutionise many industries and have a significant economic impact.

The metaverse will create new business models for companies, such as virtual real estate, virtual advertising and virtual goods and services, and will increase productivity by allowing people to work remotely, collaborate in real time and spend less time commuting.

robot

Although the economic impact of the metaverse is still largely unknown, it has the potential to transform many industries and create new opportunities for businesses and individuals alike.

The metaverse raises several legal challenges that need to be addressed as virtual worlds become more advanced and integrated into our daily lives. Some of the key legal issues of the metaverse include intellectual property, privacy, cybersecurity, legal issues, governance and taxation.

In general, the legal issues of the metaverse are complex and require careful consideration and cooperation among stakeholders to address them. It is essential that the metaverse legal framework protects the rights and interests of users while promoting innovation and growth.

Our lawyers are happy to advise and assist you in your quest through the metaverse.

News

Europe needs a Euroverse.

Our lives are changing dramatically because of digital technology, that cannot be denied. Work processes have become more efficient due to digitalisation and artificial intelligence. Social interactions are increasingly taking place online. Entertainment is increasingly happening via streaming. This is the current reality. The technological revolution has changed our lifestyle, but also has profound social, economic and cultural consequences. Balancing technological progress with ethical and legal considerations is crucial here.

20230223: Maken de NFT's van Birkin handtassen inbreuk op Franse modehuid Hermès?

Een rechtbank in New York sprak zich onlangs uit over de vraag of NFT’s van Birkin-handtassen een inbreuk uitmaken van de intellectuele eigendomsrechten van het Franse modehuis Hermès. De jury gaf Hermès gelijk en veroordeelde de kunstenaar Mason-Rotschild tot een schadevergoeding van 133.000 dollar.

20220602 - La Libre: NFT

On peut s’attendre à ce que les autorités fiscales (belges et étrangères) commencent à prêter une attention accrue au commerce de crypto-actifs. Une chronique de Denis-Emmanuel Philippe, avocat-associé aux barreaux de Bruxelles et de Luxembourg, et maître de conférences à l’ULiège.

Topics

Metaverse and the legal profession. Opportunities and challenges.

As artificial intelligence has become more and more of a hot topic, it seems like metaverse has faded somewhat into the background. But that is only appearances. Recent developments by tech giants like Apple and Meta, with the unveiling of VisionPro headsets and Ray-Ban smart glasses, respectively, just show that metaverse is continuing to evolve. And government, academia, business and civil society are also showing more interest in the metaverse from along the way, with metaverse governance and value creation in particular. Metaverse is alive and kicking, that much is clear.

From E-Commerce to V-commerce. Legal Concerns.

The new world of the metaverse offers new and unprecedented opportunities for the economy. A lot of companies, meanwhile, are exploring the possibilities of the metaverse to increase their brand awareness and reach new customers. Consequently, more and more virtual marketplaces are emerging in the metaverse, offering a range of products and services to the public, from virtual real estate to virtual fashion.

Is digital art real art? What does the law say?

Digital art has experienced a spectacular boom in recent years due to the rise of NFTs, with ever-rising auction prices. But can digital art be considered art? This is not just a philosophical question, but also a legal one with important implications in terms of intellectual property protection, taxation and anti-money laundering legislation.

The legal status of Decentralised Autonomous Organisations ( DAOs)

The rise of Web3 and the metaverse is causing a lot of headaches for the legal community. New concepts such as digital assets, virtual currency and tokenisation pose significant challenges to lawyers worldwide. This is also the case for Decentralised Autonomous Organisations (DAOs).

Who rules the metaverse?

International law stipulates that states possess sovereigntyon land, sea and airspace. But what about the virtual world? Although no central authority currently rules over themetaverse, we must still ask whether states also possess sovereignty within this virtual world?

From 'know the client' to 'know the avatar'. Anti-Money Laundering obligations in the metaverse.

The new virtual world of the metaverse raises many legal questions. While the metaverse offers several positive applications and opportunities, it may also have risks, including new potential money laundering opportunities. The question therefore arises to what extent new measures should not be taken to ensure the identification of virtual customers and the monitoring of virtual transactions.

Help, my avatar is being assaulted! New crimes in the metaverse.

The economic success of the metaverse naturally also attracts criminals, which will also give rise to new forms of metaverse crime. Is our criminal law sufficiently equipped to deal with this?

Should avatars pay tax?

In this contribution, we address the issue of the impact ofvirtualisation on the labour market and the tax implicationsof this evolution. If artificial intelligence and avatars aregoing to replace jobs, this will have an impact on thegovernment's tax revenues and we have to ask whether thisshould not be compensated. Some say not, others say yes.This question is not new. Back in 2017, Bill Gates, thefounding father of Microsoft, stated in an interview withQuartz magazine that "the robot that takes your job, shouldpay taxes". What should we make of this now?

De juridische uitdagingen van de Metaverse?

Op een persconferentie van 8 februari 2022 stelde Margrethe Vestager, de Europese Commissaris voor Mededinging immers het volgende: “ European Union authorities need to better understand the futuristic digital world known as the 'metaverse' before they can decide how to regulate it.”...

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