Observations from the Fintech Snark Tank
Amidst all the hype about the metaverse, observers are attempting to describe what it means for the banking industry. EuroMoney wrote:
“Incumbent banks are already being disrupted by blockchain technology, digital assets, decentralized finance protocols, and distributed autonomous organizations. Now comes a new challenge. Goldman Sachs technology analyst Eric Sheridan estimates that with roughly 33% of the digital economy shifting to the metaverse and 25% market expansion, we arrive at a $12.5 trillion opportunity.”
