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Here’s How ‘Digital Nations’ Are Being Formed and Why They Matter

Here’s How ‘Digital Nations’ Are Being Formed and Why They Matter

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Many agree that the perception of what defines a nation is changing. Traditionally, a nation was understood as a large group of individuals who share a common root, background, heritage or dialect and who live in the same physical space.

In addition to this, the nation is typically associated with the state, which maintains a monopoly on the “legitimate use of violence” both externally and internally to ensure the survival of the nation-state. Thus, the state plays a central role in traditional nations, as it directly or indirectly monitors the rule of law and citizens’ property rights.

Now, however, thanks to the rise of new technologies such as the metaverse, NFTs, cryptocurrencies, and blockchain, people around the world have realized that living in a purely digital environment may no longer be a science fiction concept. .

How does the concept of nation develop?

It is important to remember that a nation dependent on many social constructs, including but not limited to currencies, religious beliefs, and even large corporations, are all based on a fictional story or narrative. Societies would be formed based on shared ideas, norms, beliefs and perceptions of reality.

Nations, despite their lack of physicality, are powerful coordination tools that enable massive cooperation between individuals who may not know each other, yet have an innate desire to work for the common good of all members. a certain society. In fact, it could be argued that this very concept separates us from animals.

Also, since there are no tangible products in metaverses, everything is virtual. However, this begs the question of how people can ensure that something digital will be around forever when it only remains in a centralized database that can be erased with a single click. Moreover, how can property rights be enforced over non-permanent objects without the safeguards provided by the nation-state?

The U‘NFT Standard’

The NFT standard allows digital objects to exist in ‘Open Metaverses’. This also distinguishes these types of metaversions from “closed metaversions” owned by a central corporation. Despite this, Open Metaverses’ NFT standard not only addresses object persistence, as provided by the underlying blockchain infrastructure, but also defines and grants ownership rights.

In physical nation-states, property ownership rights are typically enforced through monopolies or “legal” violence, while in the Open Metaverse they are enforced through smart contracts executed by a virtual machine. Finally, the NFT standard defines the Open Metaverses domain. Similar to how domain names work, owning digital lands in a metaverse allows publishing rights to anchor content to those digital places.

Can someone really have a “digital identity”?

Digital identity in the metaverse is characterized by wallet addresses, so each physical person would have multiple addresses according to their own needs and desires. Access to Metaverse also typically requires users to have a strong Internet connection and compatible devices, such as VR and AR devices.

Broadly speaking, an “Open Metaverse” digital citizen is a person who owns a tokenized share of such a platform. Tokenized contributions can be tradable tokens that become the driving force behind the digital earth’s economy, or non-fixable tokens that symbolize publishing rights in its virtual realm. Such a contribution also grants administrative rights in digital countries where Decentralized autonomous organizations (DAOs), which are the coordination tools of Open Metaverses, would also play an important role. These DAOs would therefore allow recognized stakeholders to influence how the digital nation evolves over time because they are community-driven.

Also, because they are decentralized, DAOs can also be formed in different ways, in which case they can be direct democracy or oligopoly. It would all really depend on how they are built and what kind of governance voice power infrastructure is put in place. In any case, top platforms such as OVER Metaverse is actively working to promote the spread of metaverses and significantly improve the user experience in these digital worlds. Whether it’s forming a digital nation or even doing something as simple as attending a virtual concert or meeting, the metaverse is truly here to stay.

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