In a recent interview at Blockchain Week Rome, Sebastien Borget, co-founder of The Sandbox, expressed his belief in the validity of cryptocurrencies and non-fungible tokens (NFTs) as forms of property that deserve official recognition.
Borget highlighted the fact that more than half of the global population consists of digital natives, who extensively engage with and invest in digital assets. Consequently, he argued that governments should acknowledge the value of these digital assets, as well as the employment opportunities and economic activities that arise within the digital ecosystem.
The concept of the Metaverse, according to Borget, holds great promise in providing digital natives with a distinctive platform for participation, enhancing inclusivity, and driving positive societal change.
Furthermore, Borget stressed the importance of ensuring accessibility to digital content creation. He advocated for the use of cryptocurrencies as a payment system, particularly in regions lacking traditional banking infrastructure. By utilizing cryptocurrencies, individuals in such areas can participate in the digital economy, overcoming financial barriers. Borget underscored that while artificial intelligence (AI) can assist creators in refining their content, human input remains essential.
Borget’s vision revolves around developing a platform that enables individuals to nurture their talents and skills, particularly within the virtual realm. He believes that this realm offers significant potential for promoting mental well-being and personal growth.
Overall, Sebastien Borget’s advocacy for recognizing cryptocurrencies and NFTs as legitimate forms of property showcases the evolving landscape of the digital economy and emphasizes the need for governments to adapt to these emerging technologies.