Metaverse Implications for Financial Services

Metaverse Implications for Financial Services

This IDC Perspective introduces the metaverse and provides insights into its development, major players working toward the creation of the metaverse, and its implications for the financial services industry."Although the metaverse may still be a somewhat abstract concept to many and its ultimate shape is still far off in the future, there are many significant developments from major players, such as Meta, which give indication to the possible opportunities that the financial services industry may have in these new digital realms. Looking at concurrent developments in areas, such as cryptocurrencies and NFTs, gives us a view of how the metaverse building blocks will fall into place and what possible role traditional financial services players may fulfil as well as fintech providers."

Please Note: Extended description available upon request.