Meet me in the metaverse: Some companies set up shop in a digital environment

There’s a lot of hope pinned on the metaverse’s future. Citigroup said it could represent a market of between $8 trillion and $13 trillion by 2030, while Goldman Sachs said as much as a third of the global digital market could shift to the metaverse as people increasingly make transactions there.

In metaverse platforms such as Decentraland, where Grinhaus’ firm resides, plots of land are sold as NTFs, or non-fungible tokens — digital assets whose ownership is verified using the blockchain. “If an organization creates an office in the metaverse and they don’t design around some of those things, then it can actually be quite isolating for employees.”

There are similar rules around accepting money, said Grinhaus. His law firm has accepted cryptocurrency since 2016, and identity verification is important for financial transactions no matter the currency, he said.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Freeland meets with provincial, territorial finance ministers in TorontoTORONTO — The two big spending pressures on the federal government right now are health care and the global transition to a clean economy, Deputy Prime… This isn't anything good. Fresh off the wef conference and then followed by the liberal Hamilton gathering. This has dictatorship instruction orders all over it. Remember good folk. This chrystia freeland is a real life Nazi. No mistaken of that.
Source: calgaryherald - 🏆 64. / 52 Read more »

Toronto market posts longest weekly winning streak since MarchMain stock index’s fifth straight weekly gain still limited by unexpectedly strong U.S. jobs report
Source: VancouverSun - 🏆 49. / 61 Read more »