Metaverse is more than an idea. It is now a reality. Barbados made a huge step towards the legitimacy of the Metaverse when it announced plans to open a Metaverse Embassy.
Barbados has signed an agreement with Decentraland to create a digital embassy. CoinDesk reports that Barbados is negotiating partnerships with leading Metaverse platforms.
Barbados isn’t just targeting the Metaverse Embassy. The nation also plans to buy lands in a wide range of virtual worlds. The idea is not to choose a winner. In an interview with CoinDesk, Gabriel Abed, Barbados’ ambassador to United Arab Emirates, stated that the metaverse is still young and in need of new ideas.
Metaverse is becoming more popular among crypto-friendly countries. Barbados is becoming an crypto hub within the region. Although the details of the new digital embassy are not known, it is important that Barbados be present in the Metaverse to promote the adoption of virtual worlds.
Meta World and Crypto World
Abed was vocal about the importance and role of virtual worlds and cryptocurrencies in today’s society. He stated that Barbados has taken a digital approach in accepting crypto assets and the Metaverse. “Barbadados will be the first country to recognize digital sovereign territory with the release of its embassy, tentatively scheduled for January. Abed stated that the plans were reviewed by several governmental bodies, including The Ministry of Foreign Affairs and The Ministry of Science and Technology.
Other than Barbados, many other countries are also entering the crypto-world. El Salvador, a Central American country, has accepted Bitcoin as its legal tender in September 2021. El Salvador also holds the digital asset. El Salvador increased its BTC portfolio by adding 420 bitcoins to it during October’s crypto correction.