Crypto News– Marking a significant step toward the regulation of the ever-expanding Metaverse, the Minister of State for Artificial Intelligence at the Digital Economy and Remote Work Applications Office of the United Arab Emirates has unveiled the “Responsible Metaverse Self-Governance Framework.” This comprehensive whitepaper underscores the crucial need for establishing global standards governing Metaverse operations and is enriched by the invaluable contribution of OKX, a leading Web3 technology company.
OKX Collaborates on Metaverse Governance Framework Published by UAE AI Office
Minister Omar Sultan Al Olama, a notable proponent of responsible AI and digital ecosystems, spearheaded the development of this framework. In collaboration with the Dubai Department of Economy and Tourism, the report underscores that as the Metaverse continues to entrench itself in people’s daily lives, the establishment of international consensus on operational standards becomes an utmost priority.
The Metaverse, originally known for its role in entertainment and gaming, has now transcended its boundaries, extending its influence into diverse sectors like manufacturing, healthcare, tourism, retail, and education.
However, the rapid growth and integration of the Metaverse have laid bare the urgent requirement for clear operational standards. At present, the Metaverse operates in a regulatory vacuum, lacking a uniform set of rules or a global code of conduct governing this emerging digital ecosystem.
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