Can you truly own anything in the metaverse?

In 2021, an funding agency purchased 2,000 acres of actual property for about US$4 million. Normally this could not make headlines, however on this case the land was digital. It existed solely in a metaverse platform referred to as The Sandbox. By shopping for 792 non-fungible tokens on the Ethereum blockchain, the agency then owned the equal of 1,200 metropolis blocks.

But did it? It seems that authorized possession within the metaverse isn’t that straightforward.

The prevailing however legally problematic narrative amongst crypto lovers is that NFTs enable true possession of digital gadgets within the metaverse for 2 causes: decentralization and interoperability.

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