Oil Updates — crude set to snap two-week losing streak on tightening supplies 

Oil Updates — crude set to snap two-week losing streak on tightening supplies 

RIYADH: As the world steadily embraces technologies like the metaverse, governments all across the globe should establish a digital legal framework for the healthy functioning of virtual platforms, experts said.

Speaking at a panel discussion during the Next World Forum in Riyadh on Thursday, they said the legal framework should be made in such a way that it helps attract talent.

“Countries that understand the importance of establishing a digital legal framework will become very attractive over the next decades,” said Sebastien Borget, chief operating officer and co-founder of The Sandbox.

Yat Siu, executive chairman and co-founder of Animoca Brands said that the first step governments should take is to recognize digital assets as actual properties.

Siu further pointed out that Saudi Arabia offers huge potential for advanced technologies to grow as the Kingdom’s population is very much tech-savvy.

“Saudi Arabia is the 12th most active country, where users spend over eight hours online, which is more than their working hours,” noted Siu.

The forum, a major global industry gathering created to shape the future of the rapidly evolving gaming and esports sector, concluded on Thursday with a host of top international participants.

High-profile guests from the worlds of gaming, entertainment, technology, sports, and government, led discussions on