Barbados establishes the world’s first metaverse embassy

The small Caribbean nation has entered into an agreement with the leading metaverse platform Decentraland to legally declare digital real estate to build its virtual embassy.

Barbados has broken new ground as it prepares to become the first sovereign country with an embassy in the metaverse.

The small Caribbean island nation signed an agreement on November 14 with Decentraland, one of the largest and most popular crypto-powered digital worlds, to “outline the basic development elements of its metaverse embassy.”

Metaverset has become a buzzword for the future of the internet, especially after social media giant Facebook made headlines last month by renaming itself as “Meta” in its pressure to postpone territory in the new online social space.

“Barbados looks forward to welcoming the world to its metaverse embassy,” said Senator Jerome Walcott, the country’s foreign secretary.

In a press release, the government said that “Barbados’ Metaverse Embassy will be at the center of activities to promote the growth of stronger bilateral relations with governments globally.”

The launch of the embassy is tentatively scheduled for January 2022. In the real world, Barbados has less than 20 diplomatic missions and still plans to maintain its physical embassies.

The Barbadian Foreign Ministry and other government agencies reviewed the plans over several months. The move to buy virtual land was approved by its cabinet in August.

The Barbadian government is also finalizing agreements with Somnium Space, SuperWorld and other Metaverse platforms, according to CoinDesk.

The various projects will identify and purchase land, build virtual embassies and consulates, develop facilities to provide “e-visas” and other consular services, and construct a “teleporter” that will allow users to transport their avatars between different digital worlds. .

Barbados’ ambassador to the UAE, Gabriel Abed, is at the forefront of the idea of ​​pursuing a digital embassy. Abed is also the co-founder and CEO of a crypto-fintech company Britt, which was behind the development of Africa’s first digital central bank currency, Nigeria’s e-Naira.

In an interview with CoinDesk, Abed said the Barbadian government sees the move as a unique diplomatic opportunity.

“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 by using technology diplomacy, which then extends to cultural diplomacy. – trade in art, music and culture, ”he said.

Abed added that “e-visas” will be issued and that the embassy will comply with international law and the Vienna Convention, which sets out the rights and protections granted to consuls and embassies.

Ultimately, Abed envisions a coordinated effort to build on the acquisition of Decentraland and seize digital soil in a variety of meta-verses.

“The idea is not to pick a winner – the meta-verse is still very young and new, and we want to make sure that what we build can be transferred across the meta-worlds,” he said.

It is perhaps less surprising that Barbados is leading the way in digital adoption, as it has been among the most cryptocurrency-friendly countries.

Barbados has also spearheaded the development of a digital currency called DCash, which is currently being rolled out in four of the eight member states of the Eastern Caribbean Monetary Union, including Antigua and Barbuda, Grenada, Saint Kitts and Nevis and Saint Lucia.

Source: TRT World

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