To reach its next generation of users, the Brønnøysund Register Center worked with EY to launch a virtual office in the Decentraland metaverse.
The Norwegian government’s Brønnøysund Register Center joined forces with Big Four accounting giant Ernst & Young (EY) to build a new virtual office space in the metaverse.
Along with maintaining the systems for the government’s electronic information exchange, the center is in charge of handling a number of public registers for Norway.
The agency has decided to establish a metaverse location, according to the release, because it wants to interact with the younger generation that uses its services and because “future users of public services are there.”
Nordic innovation lead at EY Magnus Jones commented
“More and more authorities see a clear need of being present at the platforms where mainly younger generations are both for tax and legal purposes with regards to information.”
The virtual office intends to provide customers with information on cryptocurrency reporting through the Norwegian Tax Agency and advice on how to launch a business from professionals at the Brnnysund Registers.
According to Andreas Hamnes, a business developer at the Brnnysund Registers, the continued development of services will make younger generations who were “born digital” feel more alienated.
Jones went on to add that the younger generation is truly creating “DeFi-based landscapes,” and that frequently, they are unaware of or ignorant of the ramifications of tax or legal matters.
“That is why public authorities in Norway want to inform [them] about everything: from how you register a company, at what threshold VAT registrations arise, how to report your cryptos, etc.”
Following its numerous Web3 initiatives, which include multi-million dollar investments in the creation of its own blockchain suite, EY also maintains a metaverse office in Decentraland.
This development comes after alarming statements regarding the number of users in Decentraland were made.
According to early reports, the metaverse network only had about 40 different active wallets. The data’s original source, DappRadar, as well as Decentraland both updated these figures.
Developers and investors in the metaverse expressed their conviction that the metaverse will continue to play a significant role in the development of the internet in the weeks following the tragedy.
According to DappRadar’s Q3 report, blockchain games and metaverse projects raised a total of $1.3 billion during that particular quarter. The International Criminal Police Organization entered the metaverse at the same moment and established its own metaverse law enforcement.