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.
Source: News Formal (newsformal.com)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Warming centres remain available in Toronto amidst extreme cold, city says - Toronto | Globalnews.caIn a statement, the city said its emergency shelter system had been instructed not to turn anyone away from shelters or warming centres during the extreme cold.
Source: GlobalNational - 🏆 81. / 51 Read more »
Pedestrian killed in hit-and-run in east TorontoTORONTO - One man is dead following a hit and run in east Toronto.
Source: TorontoStar - 🏆 60. / 55 Read more »
DOUG GALLANT: Cape Breton troubadour Aaron MacDonald continues to connect with his audience | SaltWireMore right than wrong on new CD
Source: SaltWire Network - 🏆 45. / 63 Read more »
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 »
Advocates say Toronto warming centres at capacity as extreme cold grips the provinceEnvironment Canada warned of wind chill values between -30 C and -40 C across much of southern and eastern Ontario, and up to -50 C in parts of northern Ontario It’s cold as balls Regular Feb. temperatures and when has Toronto ever been prepared for anything? One way of thinning the hurd
Source: globeandmail - 🏆 5. / 92 Read more »