The Anthropocene marks an era of profound transformation, characterized by large-scale human impact on the planet, encapsulated by the notion of the “Great Acceleration”. However, as technological innovation continues to advance at an unprecedented rate, this idea is starting to give way to a new archetype: that of the intangible domain. The Metaverse—an intricate network of virtual worlds—is now challenging the foundations of our understanding of reality while posing novel challenges for existing legal frameworks, which were not designed to govern dematerialised, borderless environments. In light of increasing investment and growing integration, the absence of a uniform regulation to face matters such as jurisdictional ambiguity, protection of personal data and virtual assets, platform liability, and cybercrimes is alarming and particularly striking. This paper examines the definitory profiles and basic characteristics of the Metaverse to assess the viability of creating a “smart legal system”, framing this new reality as a test site for a new legal approach, one that needs reconfiguring in order to preserve a careful balance between innovation and regulation.