LawTech.Asia

Asia's Leading Law & Technology Review

Category: Immersive Technology / Metaverse

TechLaw.Fest 2023: This Is What’s Next

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On 8th November 2023

In Access to Justice, Artificial Intelligence, Data Privacy, Events, Immersive Technology / Metaverse, Internet Governance, Law Firms, Lawyers, Legal Hackers, Legal Innovation, Policy, Regulations

Reading time: 12 minutes

Written by Hannah Loo Yuet Ying and Leong Tzi An (Zaine) | Edited by Josh Lee Kok Thong

The theme of this year’s TechLaw.Fest is ‘This is What’s Next”’. I thought this is very apt in the realm of law and technology. Both are forward-looking, and multi-faceted that we constantly, even in practice, ask ourselves ‘what’s next’.

Second Minister for Law and Minister for Community, Culture and Youth Edwin Tong S.C.
Opening Remarks at TechLaw.Fest 2023

Introduction

Since the last edition of TechLaw.Fest in 2022, technology has developed at a rapid pace. It is now trite to say that technology touches every aspect of our lives. It has transformed, and continues to transform, how people work, interact and, play. This is not only embodied in the rise of large language models (“LLMs”) and generative AI applications such as ChatGPT, but also questions about the future of cryptocurrency, immersive technologies, and online safety. Amidst rapid technological developments on multiple fronts, it is important to have robust conversations on the workings of these technologies and their impact – positive or negative – on people and society. 

As one of Asia’s largest law and technology conferences, TechLaw.Fest is an important forum bringing together industry leaders, government, legal professionals, technologists, academics, and civil society to have these robust conversations. As the first fully physical rendition of the event since 2019, TechLaw.Fest 2023 brought together thought leaders from various domains to answer “what’s next” in the vast field of law and technology. This article aims to bring a glimpse into the key insights and themes discussed across both days of Singapore’s signature law and technology conference.

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How are Non-Fungible Tokens Stolen?

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On 29th August 2022

In Blockchain, Contracts, Immersive Technology / Metaverse

Reading time: 13 minutes

Written by Marilyn Sim | Edited by Josh Lee Kok Thong

We’re all law and tech scholars now, says every law and tech sceptic. That is only half-right. Law and technology is about law, but it is also about technology. This is not obvious in many so-called law and technology pieces which tend to focus exclusively on the law. No doubt this draws on what Judge Easterbrook famously said about three decades ago, to paraphrase: “lawyers will never fully understand tech so we might as well not try”.

In open defiance of this narrative, LawTech.Asia is proud to announce a collaboration with the Singapore Management University Yong Pung How School of Law’s LAW4032 Law and Technology class. This collaborative special series is a collection featuring selected essays from students of the class. Ranging across a broad range of technology law and policy topics, the collaboration is aimed at encouraging law students to think about where the law is and what it should be vis-a-vis technology.

This piece, written by Marilyn Sim, seeks to discuss a question that has as of late not yet been dealt with in most jurisdictions – how are Non-Fungible Tokens (“NFTs”) stolen? More specifically, what does it mean for an NFT to be stolen in fact, and if it can indeed be stolen, what are the chances of an individual reclaiming his or her NFT? This paper surveys available material and comes to the finding that NFTs can be stolen in direct and indirect ways.

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Unpacking the Lootbox: Legally Dubious, Ethically Odious

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On 26th July 2022

In Immersive Technology / Metaverse, Policy, Regulations

Reading time: 13 minutes

Written by Nigel Ang Teng Xiang | Edited by Josh Lee Kok Thong

We’re all law and tech scholars now, says every law and tech sceptic. That is only half-right. Law and technology is about law, but it is also about technology. This is not obvious in many so-called law and technology pieces which tend to focus exclusively on the law. No doubt this draws on what Judge Easterbrook famously said about three decades ago, to paraphrase: “lawyers will never fully understand tech so we might as well not try”.

In open defiance of this narrative, LawTech.Asia is proud to announce a collaboration with the Singapore Management University Yong Pung How School of Law’s LAW4032 Law and Technology class. This collaborative special series is a collection featuring selected essays from students of the class. Ranging across a broad range of technology law and policy topics, the collaboration is aimed at encouraging law students to think about where the law is and what it should be vis-a-vis technology.

This piece, written by Nigel Ang, explores current global regulatory measures surrounding loot boxes in video games. Question explored include: What is the problem with lootboxes that the proposed measures are attempting to solve? Who is, or should be liable for these problems? What is the next step for regulators and game developers? To answer these questions, focus will be on the interaction between both legal and non-legal regulatory measures taken, and the quirks and qualities of the technology each seeks to regulate. This includes the content of the games themselves, intermediary platforms that host such content such as app stores, and self-regulation from within the sphere of game development. The cultural and psychological phenomena that underpin the impetus for lootbox regulation will also be discussed.

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