Barbados Will Have The World-first Embassy On A Few Virtual Dencentraland

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Bar­ba­dos, an island nation in the south­east­ern Caribbean Sea, said it will build the first dig­i­tal embassy in the vir­tu­al land trad­ing plat­form Decen­tra­land. Doing so also makes Bar­ba­dos the first sov­er­eign coun­try to rec­og­nize the metaverse.

Fast facts

  • Accord­ing to media reports, the vir­tu­al agency will per­form as a real-world embassy — “e‑consular ser­vices” is the core func­tion of the dig­i­tal embassy — and the agency will issue an “e‑visa.” The embassy will open in January.
  • Bar­ba­dos report­ed­ly intends to estab­lish more embassies in mul­ti­ple vir­tu­al worlds and to final­ize agree­ments with meta­verse plat­forms Som­ni­um Space and SuperWorld.
  • Decen­tra­land is an Ethereum-based vir­tu­al real­i­ty plat­form that allows users to trade 90,601 pieces of dig­i­tal land. The vir­tu­al world launched in 2015, and has evolved from a pix­e­lat­ed grid to a 3D vir­tu­al world. The price of each piece of dig­i­tal land has appre­ci­at­ed, in some cas­es dra­mat­i­cal­ly, from the ini­tial US$20; in June a plot sold for US$913,808.
  • Author­i­ties in some coun­tries have begun to look at the strate­gic impact of meta­vers­es. South Korea estab­lished a Meta­verse Alliance in May in which more than 200 com­pa­nies, includ­ing giants such as Sam­sung, have joined. Japan­ese author­i­ties issued a report in July on meta­vers­es, rec­om­mend­ing that the gov­ern­ment con­sid­er how legal prob­lems will be resolved in the vir­tu­al world and the cor­re­spond­ing impact on the real world, as well as devel­op and export meta­verse-relat­ed tech­ni­cal stan­dards. China’s state-backed think tank warns about the metaverse’s threat to nation­al secu­ri­ty.

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