Above The Law Report
Listen, full disclosure — I’m not sold on the metaverse yet. The commercials are a weird, uncanny valley and after two years and counting of pandemic-induced isolation, I am ready to be where the people are, not where their avatars are. But, man, the artist formerly known as Facebook is sure pushing the hell out of it.
And a Biglaw firm has bitten. Arent Fox has announced the firm has purchased digital land in the metaverse and is building a virtual office in Decentraland. The firm’s crypto chair, James Williams, told Law.com the virtual move is designed to demonstrate to clients that Arent Fox understands the new, digital world:
“The platforms you hear most about are the gaming platforms. But that’s not where the future is. In places like Sandbox and Decentraland you’re buying in locations just like you would buy a Rodeo Drive. You’re trying to get in early,” said Williams, adding that the idea, at a minimum, is to show clients that you’re smart and familiar with the metaverse. “We want to show our clients: We know this world; look, we bought in this world, and we can help them navigate this world.”
“The platforms you hear most about are the gaming platforms. But that’s not where the future is. In places like Sandbox and Decentraland you’re buying in locations just like you would buy a Rodeo Drive. You’re trying to get in early,” said Williams, adding that the idea, at a minimum, is to show clients that you’re smart and familiar with the metaverse. “We want to show our clients: We know this world; look, we bought in this world, and we can help them navigate this world.”
Read more https://abovethelaw.com/2022/02/first-biglaw-firm-to-buy-serious-property-in-the-metaverse/
