Digital Real Estate: Navigating the Legal Landscape of Virtual Property Rights
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DOI:
https://doi.org/10.59022/ujldp.75Keywords:
Digital Real Estate, Virtual Property, Property Rights, Legal Framework, Comparative Analysis, Dispute Resolution, Collaboration, Industry StandardsAbstract
This article addresses the key legal issue of property rights in the rapidly growing sector of digital real estate, which involves the ownership and trading of virtual land, buildings, and spaces within online platforms and virtual environments. The study aims to analyze the challenges arising from the lack of a clear and comprehensive legal framework for virtual property and to propose potential solutions to address this issue. Employing a three-fold methodological approach, including a literature review, comparative analysis of different jurisdictions, and policy evaluation, and the article identifies shortcomings in current legal frameworks and offers recommendations for policymakers and stakeholders. The proposed solutions include developing a comprehensive legal framework for digital real estate, establishing specialized dispute resolution mechanisms, and encouraging collaboration between stakeholders to develop industry standards and best practices. By addressing the property rights issue and other emerging legal challenges, this article contributes to the development of a stable and predictable legal landscape for digital real estate and its stakeholders.
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