Metaverse; Nature and Legal Challenges(Governance, Persons and Property)

Metaverse is an immersive, semi-virtual, semi-real, three-dimensional, shared, cross-border and inevitable world, extending our real world in a surprising and perhaps frightening way. Metaverse will likely make it possible for individuals to respond to a wide range of social, economic, educational, emotional, psychological, physical, and sexual needs through avatars and cryptocurrencies or other new technologies without revealing their true identity. Due to the lack of previous experiences, different norms and unique characteristics of the Metaverse, managing the Metaverse is much more challenging than the current real and virtual worlds. Developed governments of the world have well realized the potential hidden in the Metaverse, from the smallest family issues to the selection of leaders and the countries' governance. With foresight, they seek to guarantee their citizens' security and rights and their sovereign power in the metaverse space. Without a doubt, preemptive policy and premeditated criminalization in the Metaverse are vital. While explaining what the Metaverse is, this research has tried to identify some of the specific governance and legal challenges of the Metaverse and finally concluded that today we need a new definition of persons called "Virtual Persons" in order to respond to some of the emerging challenges of the Metaverse world.