Digital assets should be valued as ‘proper property’ — Sandbox co-founder
Digital assets such as cryptocurrencies and non-fungible tokens (NFTs) should be recognized as legitimate property, especially as more of the world's population goes digital, argues the co-founder of The Sandbox.
Speaking to Cointelegraph’s Editor-In-Chief Kristina Lucrezia Cornèr during Blockchain Week Rome last week, Sebastien Borget said so-called “digital natives” — those who grew up with and subsequently have an increased confidence with digital devices — are growing.
“More than half of the world's population is now a digital native,” said Borget. The United Nations reported in December 2021 that almost two-thirds of the world's population, nearly 5 billion people, were online.
He added the Metaverse may give a new way for digital natives to connect and governments should “value the work [and] recognize the jobs” that happen in the space and start to treat “the digital economy as a real economy.”
Borget said while there are world events posing challenges to global stability such as the Russo-Ukrainian war and ever-increasing inflation, he believes the Metaverse can be “a driving force for positive impact, social impact, more awareness and inclusivity.”
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Borget believes lowering the barrier to creating digital content opens new opportunities for many and cryptocurrencies can provide access to payments in countries where “the banking system is maybe not as developed.”
Artificial intelligence (AI) is one of the “driving
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