May 27: Web 3.0 is rapidly gaining prominence among individuals and businesses around the world. With the advent of web 3.0, Metaverse has a key role to play in creating a pro- futuristic global approach. India is at the forefront of embracing unprecedented technological innovations, and blockchain’s success in India paves the way towards attaining the same. “With the craze for metaverse reaching a new pinnacle in India, the country now needs to introspect how well the economy is equipped to embrace crypto, blockchain and metaverse”, says Adv P.M. Mishra Finlaw Consultancy Pvt.Ltd, India.
Finlaw Consultancy Pvt. Ltd, an international legal consultancy firm, is one of the first of its kind to have its presence in the Metaverse. It is an international legal advisory firm that specializes in white-collar crimes, blockchain and cryptocurrency, venture capital funds, fintech and crowdfunding. We aid companies in getting all types of legal licensing to run their business hustle-free. Finlaw Consultancy has developed a reputation as one of the most innovative law firms – and the go-to professionals for organizations all over the world wishing to conduct business in the crypto sector. They have their presence in the UAE, India, the United States, Singapore, the United Kingdom, Estonia, and Spain via its associates.
Why did Finlawdecide to open its virtual office in Metaverse?
With the advent of Web 3.0, Metaverse has been gaining immense popularity, with various organizations carrying out their day-to-day functions on the virtual reality platform. The main objective of Finlaw is to provide legal assistance via Metaverse and to solve certain legal issues that have been rampant in this space, such as:
Privacy Concerns: Privacy concerns have plagued the real world despite the presence of jurisdiction and enforcement; therefore, you can think about the plight of the Metaverse, where there’s nothing concrete to enforce anything. Finlaw has set up a system in different parcels of the Metaverse where metaverse users can go and consult experts to get justice within the Metaverse for a range of crimes related to data abuse by corporations. In this way, it would mean for the first time in India, the users who are actively engaged with the Metaverse would see a new experience where they can rest assured that if their personal details are abused, they can certainly get to know how to get justice in the Metaverse.
Restructuring Data Centres: As the Metaverse goes mainstream, the need to store data for computation will rise unprecedently. At such times, the need for data centres to adhere to specific guidelines will rise. However, when dealing with data in the Metaverse, there must be a specific guideline which could help run things smoothly. Through the Finlaw Consultancy, for the first time, there will be a provision to define a clear law mandating the governance of data centres. So, in the absence of such a set-up, it would undoubtedly mean that Finlaw Consultancy could flag ways through which one can resolve the issues of sharing data and providing the right fix for the same through their expert consulting.
How To Connect with Finlaw Consultancy Pvt. Ltd?
Finlaw Consultancy Pvt. Ltd has been based inDecentraland, from where they are providing all the legal services that support the legal system in the Metaverse. Finlaw is the first initiative in India to make Metaverse satisfying, answerable, accountable, and transparent for adoption across multiple sectors. www.finlaw.in
Vaishnavi Prakash
