Given that the Metaverse spans multiple jurisdictions, dimensions, and organisations, a holistic approach involving multi-stakeholder engagements and cross-border collaboration would be pivotal for an effective law enforcement response to Metacrime, the Interpol has said in a white paper on the issue.
The paper deals with various aspects of the Metaverse from a law enforcement perspective, based on the inputs from the Interpol Metaverse Expert Group set up in October 2022. It highlights the steps necessary to address the challenges in the areas of governance, judiciary, and law enforcement.
“Metaverse” is a three-dimensional virtual space developed using technologies such as Augmented Reality (AR), virtual reality (VR), Artificial Intelligence (AI), and Blockchain. “According to the Gartner, 25% of people will spend at least an hour every day in the Metaverse in 2026... an estimation was announced in a report that the Metaverse might generate the commercial opportunity as high as $13 trillion by 2030,” said the report.