According to the co-founder of The Sandbox, digital assets like as cryptocurrencies and non-fungible tokens (NFTs) should be recognised as legal property, especially as more of the world’s population goes digital.
During Blockchain Week Rome last week, Sebastien Borget told Cointelegraph’s Editor-In-Chief Kristina Lucrezia Cornèr that so-called “digital natives” — those who grew up with and have increased confidence in digital gadgets — are on the rise.
“More than half of the world’s population is now a digital native,” Borget explained. In December 2021, the United Nations announced that about two-thirds of the world’s population, or nearly 5 billion people, were online.
“We need to create a future for them in which if they spend more time and money on digital assets, those assets should have value and be recognised as proper property.” He went on to say that the Metaverse might provide a new way for digital natives to connect, and that governments should “value the work [and] recognise the jobs” that occur in the area, as well as begin to consider “the digital economy as a real economy.”
While world events such as the Russo-Ukrainian war and rising prices pose threats to global stability, Borget believes the Metaverse may be “a driving force for positive impact, social impact, more awareness, and inclusivity.”
Borget believes that lowering the barrier to creating digital material offers up new options for many people, and that cryptocurrencies can give payment access in areas where “the banking system is perhaps not as developed.”
According to Borget, artificial intelligence (AI) is a ” driving force” that may empower creators and accelerate the idea-generation process. “Everything you’re thinking about right now is a text prompt that you can render and visualise.” It used to take days,” he explained.
Borget emphasised that it is not yet at the point where it can produce material without “some human work” to got it up to speed. Borget stated that he intends to establish a platform where people can best express their inherent talents and skills, which may develop best in “the virtual world,” such as mental health assistance.“Being a platform that allows people to find their own reason is fantastic,” he continued.
“You create a world where you see new experiences, new content, and new ideas, and the sum of that is always more positive than negative.”
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