Tuvalu, a country island in Oceania, has recently developed plans to adopt Web 3.0 and metaverse as a means of preserving its natural heritage.
The nation of Tuvalu has chosen Web 3.0 technology as one of its last hopes to preserve its natural and cultural heritage.
Simon Kofe, foreign minister of the country, recently stated at the COP27 summit that the country is continually looking for ways to preserve its environment due to climate change. Because of climate change, the islands could face extinction. With time being of the essence, the country’s officials have decided that Web 3.0 technology and metaverse could be one of the only ways to survive the nation from rising sea levels.
Hence, Simon Kofe stated that Tuvalu will become “the world’s first digital nation.”
By engaging in the metaverse, Tuvalu could preserve its natural beauty and its cultural assets. Projections show that Tuvalu could be fully underwater by the end of the century. However, the beauty of the nation will be kept alive and in the metaverse.
But Tuvalu is not the first country to tackle Web 3.0. For instance, Barbados, a nation in the Caribbean, became the first country to have an embassy in the Decentraland metaverse.
Norway has opened a federal tax branch in the metaverse. The UAE’s Ministry of Economy has a headquarter in the metaverse. South Korea is continually working on metaverse adoption; and so on.
The nature of Tuvalu’s choice could be one of desperation. Nonetheless, Web 3.0 adoption is continuing throughout the world even in the bear run.