PwC, Deloitte and Metaverse Apostles Match

“NFT? What’s that?” In the last row of the PwC auditorium on Wednesday evening, a man of sure elegance than his knowledge of these new tech wonders wonders aloud.

Nearly 200 people attended the first Big Four event on the Metaverse, organized by Thomas Campion, with very different levels of knowledge, from advisors themselves to venture capitalists, entrepreneurs such as the promoter of the first metaverse in Luxembourg, The Duchy, Mathias Keune, and foundations Such as the European Court of auditors, lawyers and “financiers”.

They will leave the event with one certainty: there is still much to be done to understand the legal, regulatory, financial or entrepreneurial springs of these digital worlds where the first projects are over 20 years old, but are thriving at the rate of development of blockchains and connectivity.

“Business to Avatar” model

If Sandbox co-founder Sebastien Bourget declines to confirm a new, forthcoming $400 million fundraising that will value the French metaverse at more than $4 billion, he’s also risked “marketing” by inviting a room to go and test its metaverse.. Unlike other lesser known platforms, it is not open to pedestrians. Still, PwC Hong Kong purchased a plot of land in early January for $10,000 according to some insiders.

Launched in 2012 to ride on the success of Minecraft and still under construction due to a blockchain change, Sandbox just lets you create your avatar based on 39 pre-registered templates, choose an avatar… and go buy a land for €2.182 to €1.8 billion, to get Get a Season 2 pass at €92 or go and backtrack with some paid options or NFTs from the creators of “The Game” – a universe published from its own game maker that allows you to create your own game universe.

From this big evening of brewing, my elegant neighbor was able to sketch out these few “ideas”:

Counselors and lawyers are the first to take a serious interest in metaphysics because these universes have been created de facto. New Business Relationship, “Business to Avatar” By analogy with B2B or B2C, ask a whole series of questions about the digital presence of real companies, about trademarks and rights, etc.

– David Palmer (Vodafone) discussed using a phone number as the safest and most convenient methodUser identification and creation of their digital assets. Not wrong, but when Europeans deploy digital identity wallets for citizens, why not imagine that identity is established on this basis, more neutral than relying on a telecom operator?

Christian Fisch, a researcher at the University of Luxembourg, called the University of Luxembourg for questioning interoperability. A good question that points to two different things: the blockchain boom in a decentralized management perspective that is against this standardization and if someone is in multiple metavers with digital assets, how do they go from one to the other?

– Mr. Bourget assured the creators of the Metaverse to aim for this Create fun users and try to give more value to users instead of striving for the value they are willing to invest in. In other words, the perennial idea should not be that the user spends all their money on Gucci’s NFT, which is in the Sandbox, but gets more, especially through trials and NFT.

A must for an entrepreneur who has a business idea in Metaverse Launch “minimum viable products” as soon as possibleeven if that means having to adapt it fairly broadly afterwards.

Cultural institutions, such as the Museums of Luxembourg City, represented by Anne Hoffmann, should Understand their presence in metaverse and properly measure its potential effects. And it’s a challenge when you’re mesmerized by architecture or art.

At Deloitte, Kamal Omaroun’s partner The Dots took the metaverse month off to a good start by focusing on these digital universes last week, thus focusing their second meeting on NFTs with one of the topic’s rising stars, Vitomir Jefrimovich, who develops the All-Art protocol and VR platform -All-Art. Schematically summarized, it’s all about allowing artists to manage all questions of gallery, rights, and sale of their digital artwork at the same time.

Like Luxembourg’s ANote Music platforms for music, Stokr for business or VNX, it’s about giving liquidity to the market in a completely safe position and respecting legislation, including copyright. There is still a lot of ambiguity about the use of “real” artwork in the digital world of NFTs.

No doubt telling you about an event we weren’t able to be in, since we’re not open to avatars, but let’s hope that the nice organizers can come to terms with such a very obvious thirst for knowledge on these topics.

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