Themes of metaverse banking

Bridging real and virtual worlds: Unlocking true utility and functionality in the metaverse will first require embedding basic real-world banking services in Metaverse banking development services. In its simplest form, this will involve creating more seamless ways of converting money into digital assets without leaving a metaverse experience. Services that do not require movement of assets – like advising – can also help bridge real and virtual worlds even before the larger asset-related infrastructure locks into place.

Most metaverse consumers are already transacting via in-world digital assets. After banks improve the connections between real world assets and the growing metaverse economy, the next step will be to facilitate exchanges and build products based on metaverse assets themselves, including in-world currencies, NFTs and virtual real estate. MasterCard’s recent NFT- and metaverse-related trademark filings indicate a move in exactly this direction. Meanwhile, in January of 2022, TerraZero completed the world’s first metaverse mortgage transaction.