You can’t truly own anything in the metaverse. A law professor explains why

  • The current ownership of metaverse assets is not governed by property law at all, but rather by contract law.
  • On one day you might own a $200,000 digital painting for your apartment in the metaverse, and the next day you may find yourself banned from the metaverse platform, and your painting, which was originally stored in its proprietary databases, deleted.
  • NFTs cannot bypass the centralised control that metaverse platforms currently have and will continue to have under their contractual terms of service.