• The European Commission is set to produce a strategy for online virtual worlds in May.
• Margrethe Vestager, the EU’s antitrust chief, wants to ensure healthy competition exists within metaverses.
• Vestager also referred to the impact of artificial intelligence service ChatGPT and discussed potential protections such as discrimination and safety.

EU Looks to Regulate Metaverse Competition

The European Commission is set to produce a strategy for online virtual worlds in May, and the EU’s antitrust chief Margrethe Vestager is looking for ways to ensure healthy competition exists within metaverses. This comes from legislation recently passed by the EU which puts restrictions on giants like Meta from blocking smaller rivals.

Vestager Discusses Impact of AI Services

Vestager has also referred to the impact of artificial intelligence service ChatGPT when discussing how best to approach regulation within the metaverse. She pointed out that it was already time for them „to start asking what healthy competition should look like“ within these virtual worlds.

EU Considers Discrimination, Safety Controls

Officials have queried whether or not the metaverse will need specific protections with regards to competition, discrimination and safety controls. This is an important step towards ensuring fairness across all platforms operating within this space and providing users with more safeguards against any potential harm they may face while using these services.

Focus on Data Protection

In addition, data protection is another key area that needs attention when considering regulation in this field. As these services become increasingly popular and more people are exposed to their use, it becomes absolutely vital that their data remains secure from unauthorized access or manipulation by third parties who could misuse it for malicious purposes.

Conclusion

Overall, it’s clear that there are many issues facing metaverse competition that need addressing in order for fair play to be ensured across all platforms operating within this space; from protecting users‘ data privacy rights through adequate security measures and preventing discrimination or unsafe conditions due to how these services are structured – all of which must be considered carefully before any kind of regulations can be put into place effectively.