Heard of #MetaFi aka #Finance in the #metaverse?
It is a relatively new, yet futuristic concept aiming to bring several aspects of the next generation of the internet i.e. #web3 under one umbrella… think #tradfi, #defi, #cefi… Binance is reportedly the first to come up with the MetaFi term earlier this year.
Money in the metaverse is expected to range from existing, traditional types to the digital native forms i.e. #tokens, #stablecoins, #cbdc #crypto etc. Understanding all of these concepts and ideas is not short of puzzling… Yet this is what I am attempting to decrypt in my article on the latest edition of #TheFinancialTechnologist .
