Imagine if the earth had a mirror and, in it, there were continents, countries, states, provinces and even lots where you could build your new home.
The difference is that, in that parallel world, there are no governments, no politics, and therefore, no corruption. What does exist is an economy. We are talking about a productive system based on companies, a financial system (which captures resources and lends them), laws and contracts, as well as ways of making a living; all privately. There is “art”, which can be bought and sold, and certainly a monetary system.
To your surprise, this parallel world does exist; in fact, there are two at present: the Metaverse and Decentraland. Regarding monetarization, it reaches today USD 2.3 trillion (American denomination, source CoinMarketCap as of November 2021), which is equivalent to 2.5% of the global market capitalization, or the not inconsiderable figure of 6% of the US market capitalization, as of December 2020 (Wikipedia). In terms of GDP, we are talking about an economy similar in size to that of the United Kingdom (USD 2.3 Tn by 2020, according to Wikipedia).
In these parallel worlds there are no taxes, transfer costs are extremely low and their efficiency is 10 times higher than that of an average bank; efficiency will be correlatedly higher as users increase. The 2.8 billion people who are currently “unbankable” in the world, according to Forbes as of December 2020, will be able to access their means of payment with just a smartphone.
We are talking about a new market that presents unsuspected dimensions for most of us. Digital architects will design your “house” in parallel world lots; houses that will be bought, sold, and over time will increase or decrease in value, according to market forces.
These are the main reasons why companies like FaceBook, Amazon, Walmart, PayPal, Visa and MasterCard, are taking their first steps in the so-called 4th industrial revolution: the digital economy! Be ready, you too!