Banking lost in translation: into the metaverse

Digital Reinvention
Q+
14/06/2022 Interview
profile picture of Martha Boeckenfeld

Martha Boeckenfeld

GenTwo

Advisory Board

Dr. Martha Boeckenfeld, Board Member at GenTwo, discusses what the Metaverse truly represents for the future of financial services.

What is the Metaverse?

Simply put, it’s the the future of the internet: A massively scaled persistent, interactive and interoperable real-time platform comprised of interconnected virtual worlds and reality, where people can socialize, work, transact, play, and create.

Does the Metaverse exist yet? Not quite- for now the fully immersive and interopable version is a vision. However, the seeds are sown—and  it’s just a matter of time.

There are however already different types of metaverse use cases- so called the “Multiverse “, to explore, and although they are similar in offering, they all slightly differ (think of it like the fizzy drinks category – Coca Cola and Pepsi offer similar drinks, but you can taste the difference).

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