Financing in Virtual World : Metaverse

In metaverse, the financial support would come from cryptos backed by blockchain and smart contracts. The Web 3.0 economy will be borderless, secure, fast and decentralised. Most international banks already offer digital assets, exchange and custody platforms. These can be extended to the virtual world platforms. Banks can create their own metaverse offering new products and marketplaces and these could be tied up to the traditional infrastructure. Thus traditional financial services will rise to the digital opportunities and challenges. They will have to upgrade their technology with respect to blockchain, AR, VR and an innovative culture.

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