Sebastien Borget, speaking at Blockchain Week Rome, said that with the rising popularity of cryptocurrencies and interest in digital technologies the moment has come to recognize these digital assets as properties.
The Popularization of The Internet Also Improves The Usage Areas Of Metaverse.
More and more individuals are entering adulthood having always had access to some kind of digital device. According to Borje “digital natives” already make up more than half of the world’s population. As an example the businessman referenced December 2021 United Nations data showing that nearly 5 billion people, or almost two-thirds of the world’s population had access to the Internet. These individuals have the financial and time resources to invest in digital assets and the metaverse. Borje said that society must work toward a day when digital assets are recognized as legitimate property.
According to the Sandbox’s co-founder using cryptocurrency may provide consumers in areas without a robust banking infrastructure more payment choices. Borje described the metaverses as a place where individuals with an interest in cutting-edge technology may meet and talk to one another.
Since metaverses may be utilized for both leisure and labor the businessman said that the digital economy was already a reality. Metaverses have the potential to become a venue for social influence and awareness raising in the face of global events such as wars and increasing costs.
On the other hand, Regulators Are Worried About Children’s Safety
Sebastian Borget thinks that people’s intrinsic abilities and skills may be better expressed in the metaverses where they can be developed more rapidly and with less effort. It might be fresh material and novel concepts in the fantasy genre. Therefore, in Borget’s opinion the benefits of MMORPGs outweigh the drawbacks.
Members of the World Economic Forum (WEF) voiced worry over children’s safety in the metaverse last year. In March 2023, US lawmakers requested that Meta restrict users under the age of 17 from using its Horizon Worlds metaverse.
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