The big brands in the banking and financial sector worldwide pay close attention to the development of the Metaverse. These digital worlds could be key, in their vision, for cryptocurrencies to find their definitive place in society.
One of the most important banks in the United States and the world, Goldman Sachs, expressed a few days ago its interest in the Metaverse and its development, through a publication by one of its managers. In the letter, the bank explains that it sees blockchain as the primary technology for the development of the Metaverse and the web3, according to an analysis published by its manager Rod Hall and replicated by CoinDesk.
The potential of the Metaverse to «change lives» Jefferies, a Financial Services Company based in New York, has recently expressed in a similar sense to Goldman Sachs and Bank of America , according to Simon Powell, director of equity strategy at this company, “the Metaverse will be one of the most dramatic innovations ever seen» and can be compared to the early years of the internet.
On this path, the steps to follow include developing hardware first, then moving forward with the software, and finally the companies will get involved.
In this sense, they consider that blockchain is important because it is the only technology that allows «to uniquely identify each virtual object independent of a central authority».
The Metaverse and the web3
The Metaverse is a virtual world created from three-dimensional images and augmented reality that gives rise to new interactions among its inhabitants.
This new website constitutes a new stage in the era of the internet, with new functionalities, which have never been seen before such as the use of new databases, artificial intelligence and three-dimensional spaces. Together, all of them would enable new forms of interaction between users.