Metaverse Economy


Chrisnoblet3

Uploaded on Oct 21, 2022

PPT on Metaverse Economy

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Metaverse Economy

Metaverse Economy The new economic dynamics in the metaverse are rapidly creating an on-demand economy. Any company or creator looking to do business in the metaverse will need a digital-forward mindset that puts the customer first. A Customer- First Economy Source: www.forbes.com The metaverse promises an era in which creativity will drive the economy as professionals in a wide variety of disciplines carry over their existing skills. Metaverse Economy Source: www.forbes.com The lack of “real-world” regulations and established competitors means a much lower barrier of entry, attracting adaptable creators or quick learners. Lack of “real- world” regulations Source: www.forbes.com Virtual success will require more than just creativity. Ventures in the metaverse must adopt a user- centric mindset and innovate around a decentralized, transparent business model. Virtual success Source: www.forbes.com With all of the hype surrounding nonfungible tokens (NFTs) and digital asset values, the speculative market means there will be countless failures and a few clear winners once the dust settles. Digital Assets Source: www.forbes.com Digital assets like cryptocurrencies and NFTs are spawning new revenue-generating avenues like staking your coins for passive income; some innovators are even “nesting” NFTs by working digital assets of all sorts into the code of their NFTs. Cryptocurrencies Source: www.forbes.com The new economy will need to deliver a ubiquitous financial movement as defined by the customer, rather than one defined by the limitations of traditional financial institutions. DeFi And Future Money Source: www.forbes.com Decentralized finance (DeFi) allows consumers to define their own rules in a decentralized mesh financial network that builds itself. This network will be immutable and trustless, verifying transactions without human intervention. Decentralized finance Source: www.forbes.com In the metaverse, we will see new data pipelines generated from a decentralized structure with more interactivity and real-time data capturing across various virtual environments. New Data Dynamics Source: www.forbes.com It will be interesting to see how the metaverse continues to change our understanding of the economy and how value is defined. More utility has to emerge to build strong foundations for a successful ecosystem; many traditional financial systems and service providers may not be able to keep up. Conclusion Source: www.forbes.com