0

WHY THIS MATTERS IN BRIEF

Asides from establishing leadership in the metaverse opening the first official metaverse embassy sends a powerful message about the future of so called “Technology Diplomacy.”

 

Love the Exponential Future? Join our XPotential Community, subscribe to the podcast, future proof yourself with courses from XPotential University, read about exponential tech and trendsconnect, watch a keynote, or browse my blog.

As other countries like South Korea and the UAE build cities in the metaverse, and in what could be seen as a historic step toward the legitimization of the metaverse the island nation of Barbados is preparing to legally declare its digital real estate as sovereign land with the establishment of the world’s first official metaverse embassy.

 

RELATED
CGI "Virtual influencers" on Instagram battle it out in public, snag real ad cash

 

The Barbadian Ministry of Foreign Affairs and Foreign Trade signed an agreement on Sunday with Decentraland, among the largest and most popular crypto-powered digital worlds, for the establishment of a digital embassy. Per a press release the government is also finalizing agreements with “Somnium Space, SuperWorld and other metaverse platforms.”

The various projects will be assisting with identifying and purchasing land, architecting the virtual embassies and consulates, developing facilities to provide services such as “E-Visas” and constructing a “teleporter” that will let users to transport and move their avatars between the various worlds in the same way that Adidas customers have been able to do for a while now.

 

RELATED
Roborace's fully autonomous race car prepares to pound the track at FoS

 

In an interview Barbados’ ambassador to the United Arab Emirates, H.E. Gabriel Abed, said the country intends to expand aggressively beyond this initial effort to build structures and purchase digital land in a variety of virtual worlds.

“The idea is not to pick a winner – the metaverse is still very young and new, and we want to make sure what we build is transferable across the metaworlds,” he said.

In addition to spearheading the country’s metaverse diplomatic efforts, Abed is also currently working to establish Barbados’ first physical embassy in the Middle East. He said that the Barbadian government, whose Cabinet approved the metaverse embassy in August, views the move as a unique diplomatic opportunity.

 

RELATED
Hypersurfaces uses AI to turn everything into a computer interface

 

“This is a way for Barbados to expand its diplomatic missions beyond the 18 it currently has with 190+ countries around the world. This allows us to open the door, using technology diplomacy, which then extends to cultural diplomacy – the trade of art, music, and culture.”

With the release of the embassy, tentatively scheduled for later this month, Barbados will become the first country in the world to recognize digital sovereign land. The Ministry of Foreign Affairs, The Ministry of Science and Technology, and many other governmental bodies reviewed the plans over “several, several months,” said Abed.

The country has also retained legal counsel, as the embassy will set a number of unique precedents. So far experts have said that the embassy will be compliant with international law as well as the Vienna Convention.

 

RELATED
Virtual land in the Metaverse sells for millions of dollars as prices jump by 500%

 

Barbados is among the friendliest countries in the world for cryptocurrencies and has been among those leading the charge on the development of a central bank digital currency. Abed also hinted that the embassies will be a launchpad for what could be more ambitious economic plans in the virtual worlds.

“Embassies are the starting point to getting a visa to enter a country, or visa-free travel. Can you imagine what that would look like virtually? And where that e-visa could lead you?” he asked.

I can, as I discuss in the video above, and I’m looking forwards to taking a trip to Barbados’s newest digital outpost!

About author

Matthew Griffin

Matthew Griffin, described as “The Adviser behind the Advisers” and a “Young Kurzweil,” is the founder and CEO of the World Futures Forum and the 311 Institute, a global Futures and Deep Futures consultancy working between the dates of 2020 to 2070, and is an award winning futurist, and author of “Codex of the Future” series. Regularly featured in the global media, including AP, BBC, Bloomberg, CNBC, Discovery, RT, Viacom, and WIRED, Matthew’s ability to identify, track, and explain the impacts of hundreds of revolutionary emerging technologies on global culture, industry and society, is unparalleled. Recognised for the past six years as one of the world’s foremost futurists, innovation and strategy experts Matthew is an international speaker who helps governments, investors, multi-nationals and regulators around the world envision, build and lead an inclusive, sustainable future. A rare talent Matthew’s recent work includes mentoring Lunar XPrize teams, re-envisioning global education and training with the G20, and helping the world’s largest organisations envision and ideate the future of their products and services, industries, and countries. Matthew's clients include three Prime Ministers and several governments, including the G7, Accenture, Aon, Bain & Co, BCG, Credit Suisse, Dell EMC, Dentons, Deloitte, E&Y, GEMS, Huawei, JPMorgan Chase, KPMG, Lego, McKinsey, PWC, Qualcomm, SAP, Samsung, Sopra Steria, T-Mobile, and many more.

Your email address will not be published. Required fields are marked *