Latest News

South Korea and Meta will increase metaverse security

On Monday, Andy O’Connell, vice president of product policy and strategy at Meta Platforms, Inc., and representatives from South Korea’s official media regulating agency met to talk about methods to improve user protection on the metaverse.

According to reports in the local media, O’Connell and Meta (formerly known as Facebook Inc.) were encouraged to work together on safety in developing virtual platforms like the metaverse by Ahn Hyoung-hwan, the vice chairman of the Korea Communications Commission (KCC).

Ahn and O’Connell also talked about algorithm transparency on digital platforms and stopping the spread of unlawful material.

Virtual reality (VR) technology supports Horizon Worlds, a metaverse platform run by Meta that is accessible to users in North America and some regions of Europe.

As a result of reports of users being sexually assaulted on Horizon Worlds, Meta implemented a personal boundary system that places users’ avatars four feet away from everyone except for chosen friends.

The Korea Communications Commission established a committee earlier this year to forbid such conduct as South Korea battles the existence of sexual predators on the metaverse.

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.