Despite the global crisis and the rise of inflation are hindering investments and slowing down the market, FinTech innovation is still alive. New ideas and new technologies are on the rise offering new possibilities and the promise of a new revolution looming at the horizon with the coming of the Metaverse. The fast evolution of Web3 technologies and the vast popularity of concepts like virtual world, NFT, Virtual and Augmented reality are making digital worlds increasingly more immersive and intertwined with physical reality.
Even though the Metaverse looks scattered into many tiny different metaverses and the technology seems immature, still we are facing a trend that is expected to impact 2,5% of global GDP by 2035, according to Deloitte estimates. Therefore, we should still consider carefully what might be its impact on the digital world and on Financial services in particular.
The fifth issue of FinTech Talks Magazine is an attempt in picturing what Metaverse is and what it might be. And what can happen at the intersection between this new immersive reality and Financial Services. Starting from the insights and the ideas generated at the VII Edition of FinTech Talks – FinTech and the rise of the Metafi, we will explore the roots of the concept of Metaverse, from Plato to the matrix. We will explore what companies could do in the Metaverse, the role of Blockchain and Web3 in the immersive world and how FSI players could leverage its new technologies to bring the relationship with their customers to a new level.