Metaverse’s NFT- and cryptocurrency-fuelled boom a gold mine for banking and finance sector


Source: scmp.com scmp.com

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The metaverse is poised to be the next evolution of the internet. Much of the current excitement has been about immersive 3D gaming, social networking, shopping and virtual meetings using technologies such as virtual and augmented reality. But what makes the metaverse interesting for the banking, financial services and insurance (BFSI) sector is that these modern virtual worlds are built on top of blockchains, cryptocurrencies and NFTs, offering many exciting new opportunities. Many probably first heard of the metaverse when Mark Zuckerberg announced that Facebook was being renamed Meta . Suddenly, the metaverse got real. Facebook is not the only...