The metaverse is expected to serve a $13tn market by 2030 according to a report by Citi but what actually is it? If you were to go by the headlines, you might conclude that the metaverse is virtual reality, particularly when two major banks have launched VR environments to serve customers in it. This association between the metaverse and VR is hardly surprising — the term metaverse originates in Neal Stephenson’s 1992 sci-fi novel Snow Crash, where it denoted a virtual reality world — but despite the origins of the name, VR is not going to define the future of the metaverse.
Crypto growth too big to ignore for traditional finance By Stephen Stonberg Crypto adoption continues to rise at unprecedented levels. The crypto industry finds itself at a critical inflection point. A focus on regulatory clarity and greater flows between finance and the crypto ecosystem could open up opportunities for growth.
MEETINGS Interoperability: Making CBDCs fully operational Friday 29 April, Roundtable Exploration of CBDC has accelerated, with 86% of central banks researching the technology. While consensus is emerging, much has yet to be explored, including the roles of intermediaries, fragmentation and interoperability.
ON DEMAND Quantum computing and the threat to cryptography The advent of quantum computing poses an existential threat to present cryptographic techniques. William Gee, partner, PWC, and Andrew Cheung, president and CEO, 01 Communique Lab, join Lewis McLellan, editor, DMI, to discuss the new type of computing.
Forging the path to international standards in sustainable finance OMFIF has joined forces with Luxembourg for Finance to consider what is required for the standardisation of sustainable finance. Taking insight from interviews with experts across the financial sector and real economy, this report explores the latest developments in taxonomy regulation and reporting frameworks.
