Tag "metaverse"

Banks Jump on the Metaverse Bandwagon

Banks from around the world are actively exploring the opportunities brought about the metaverse, purchasing virtual land and establishing presence on popular platforms. They believe these virtual environments will help them better engage with younger customers, collaborate with partners and

Read More

Financial Crimes in the Metaverse

Business executives are bullish on the prospect of the metaverse, predicting sizeable commercial opportunities in taking part in immersive virtual environments. But despite the high level of interest, industry stakeholders are also growing increasingly concerned over the possible risks brought

Read More

Sygnum Bank Dives Into the Metaverse With New Hub

Digital asset bank Sygnum announced the opening of its metaverse hub, saying that is the virtual equivalent of New York’s Times Square in Decentraland. Decentraland claims to be the first and largest metaverse which leverages a crypto asset called MANA

Read More

Facebook Pay Rebrands to Meta Pay to Align with Broader Metaverse Ambitions

Facebook’s parent company Meta has rebranded its online payments service to Meta Pay, bringing the firm’s payments offering closer to its broader rebrand and aligning it with its grand ambition to building the ultimate metaverse. On June 23, 2022, Facebook

Read More

McKinsey Report: Metaverse to Generate up to US$5 Trillion in Impact by 2030

By 2030, the metaverse could generate up to US$5 trillion in impact, a sizeable opportunity that will be brought about rapid adoption of immersive virtual environments by consumers, rising openness to digital assets and new technologies, and heavy investments from

Read More

Facebook Shares Ambitions for “Single Wallet Experience” Across the Metaverse

In a new blog post, Meta Platforms’ head of commerce and fintech, Stephane Kasriel gives a sneak peek of the company’s fintech ambitions in the metaverse, outlining its intent to bring forward a “single wallet experience” across its family of

Read More

Global Blockchain Sector Surged in 2021

2021 was a blockbuster year for the global blockchain sector, which saw funding activity surge, trading volumes balloon and further growth in key segments including custodians, exchanges, decentralized finance (DeFi), as well as non-fungible tokens (NFTs) and the metaverse, a

Read More

Goldman Sachs Paper: Gaming and Media Industry Leads Metaverse Race

The metaverse, a concept that refers to a shared, immersive virtual environment facilitated by the use of VR and augmented reality (AR) headsets, has emerged into one of the hottest trends in the corporate world, becoming something startups and large

Read More

Prices of Virtual Land Soar Fueled by Metaverse Frenzy

Demand for virtual land plots and real estate is surging on the back of booming activity on the metaverse. Betting on a virtual reality future, real estate promoters and investment firms are snapping up properties on popular virtual environments such

Read More