Friday, November 19, 2021

"Barbados to become 1st country globally with an embassy in the metaverse"

 From FinBold:

Caribbean country Barbados plans to become the first nation to set up a diplomatic embassy in the metaverse, a virtual reality version of the internet.

The plan comes after the Barbadian Ministry of Foreign Affairs and Foreign Trade inked a deal with Decentraland, a popular crypto-powered digital world involved in the metaverse.

In line with establishing the embassy, the government is also working on deals with other metaverse projects, including Somnium Space and SuperWorld.....

....MUCH MORE

Ummm, this is beginning to sound like Second Life. I hope we don't see a repeat of 2008's "BANK RUN: 'Second Life Closes Banks'":

From MIT's Technology Review:

http://s3.amazonaws.com/files.technologyreview.com/p/pub/legacy/2ndlife_bank_x220.jpg

Bank run: After Linden Lab’s Tuesday announcement that it was banning virtual banks in Second Life, some residents rushed to withdraw their virtual Linden dollars, while others (above) protested the company’s decision.
Credit: Prokofy Neva (a.k.a. Catherine Fitzpatrick)