The Norwegian government's Brnnysund Register Center (1) joined forces with Big Four accounting giant Ernst & Young (EY) (2) to build a new virtual office space in the metaverse.
What's the office for?
Along with maintaining the infrastructure for the government's electronic information exchange, the center is in charge of handling several public registers for Norway. According to the release, the agency has decided to establish a metaverse location because it wants to interact with the younger generation that uses its services and because "future users of public services are there." According to Magnus Jones, More and more government agencies see the obvious necessity to be present at the platforms where mostly younger generations are, both for tax and legal considerations about information.
The virtual office intends to provide customers with information on cryptocurrency reporting through the Norwegian Tax Agency and advice on launching a business from professionals at the Brnnysund Registers. According to Andreas Hannes, a business developer at the Brnnysund Registers, the further development of services would make younger generations "born digital" feel more alienated.
Jones added that the younger generation is truly creating DeFi-based landscapes and that they are frequently unaware of or ignorant of the ramifications of tax or legal matters. Because of this, public authorities in Norway want to inform people about everything, including how to start a company, when VAT registrations become necessary, how to disclose your cryptocurrency holdings, and more.
What does the future hold?
Following its numerous Web3 initiatives, which include multi-million dollar expenditures in creating its blockchain suite, EY also maintains a metaverse office in Decentraland. This development comes after alarming statements regarding the number of users in Decentraland. According to early estimates, the metaverse network only had about 40 different active wallets.
Developers and investors in the metaverse expressed their conviction that the metaverse would continue to play a significant role in the development of the internet in the weeks following the tragedy. According to DappRadar's Q3 report (3), blockchain games and metaverse projects raised $1.3 billion during that quarter. The International Criminal Police Organization entered the metaverse simultaneously and established its metaverse law enforcement.