This Country Just Became The First Sovereign Nation With An Embassy In Decentraland
Crypto-friendly Barbados plants their flag in Decentraland. Meanwhile, MANA token continues to rise.
Covered:
- Ambassador To The Metaverse
- What This Means For Decentraland
Barbados: Ambassador To The Metaverse
So proud today to welcome the Government of Barbados to Decentraland, establishing the world's first metaverse embassy.https://t.co/Xu5RjAwhv4
— Decentraland (@decentraland) November 15, 2021
Decentraland announced today that Barbados is establishing a virtual embassy within the Ethereum-based blockchain game. The metaverse embassy will be the first of its kind.
The tiny island country of Barbados (pop. 287,000) is widely considered crypto-friendly by the blockchain community. Their prime minister Mia Mottley started wooing blockchain investment as early as 2018.
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Outside of building the first embassy in the metaverse, Barbados appears to be considering continued investment into the metaverse.
“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,” Barbados Ambassador to the United Arab Emirates H.E. Gabriel Abedhe told Coindesk.
What This Means For Decentraland
What if @decentraland would team up with @Meta to expand the Metaverse?! pic.twitter.com/pTi9UEN9aE
— SCLPTR (@sclptr1) November 6, 2021
After Facebook announced Meta, some wondered how Decentraland would fit into the future of the metaverse with the social media giant entering the space. Whatever disadvantages may exist in terms of capital, scale, and corporate synergy, the Ethereum-based metaverse appears to have the first-mover advantage.
Especially now that sovereign nations are planting their flag in Decentraland, while Meta is still just a press release.
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Decentraland’s MANA token continues its impressive rise. On the news, the Ethereum-based token is up another 4.5% in the last 24 hours. MANA is currently trading in the $3.30 USD range. It’s down from its all-time high of $4.11 USD back on October 31st of this year. However, the ERC-20 token is up a massive 330% in the last 30 days.
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Text source: CryptosRus
