📖Metaverse

Finance Metaverse finance exploded in October 2021 when Facebook, the social media platform company, announced that it would change its name to "Meta" (Meta, from the online virtual world Metaverse in the book 'Snow Crash' by Neal Stephenson). Under its impetus, the concept of "metaverse" has been penetrating into various fields, and financial institutions such as banks and insurance companies are actively exploring the application mode of financial metaverse to provide customers with a more high-quality and convenient immersive financial service experience. After the financial industry experienced the de-falsification in the Internet finance era and the technological exploration in the FinTech era, the demand and desire for the financial metaverse made 2021 the first year of the financial metaverse explosion. The financial metaverse era is also a brand new era after the PC financial network, financial digitalization, Internet finance and financial technology era.

The metaverse mixes a variety of concepts and covers many technologies at the same time. Although the definition, concept and explanation of metaverse are still ambiguous, as a new and integrated product, all sectors of society have already explored and practiced in different directions and different businesses in the application and development of Metaverse, such as games, social, e-commerce, cultural travel, communication and other industries. As the financial industry relies on "credit" to meet the needs of different social entities for fund placement, transaction and flow, after going through the stage of "de-fake" Internet finance, the financial industry has a great desire for a new "metaverse" stage with the support of "fintech" planning. Especially crypto digital currency, NFT and blockchain technology have been "emerging" in the financial industry for many years. Therefore, through the concept of "metaverse" and on this basis, the financial metaverse of the so-called "virtual world of the interconnection of finance and all things" is ready to emerge.

Regarding the integration of finance and metaverse, some scholars believe that: financial metaverse is the organic combination of financial industry and metaverse concept, which realizes the rapid exchange of information flow and cash flow through the underlying technical support and front-end application devices, and provides customers with more convenient and immersive financial service experience by embedding scene applications under the premise of safeguarding financial security.

Financial Metaverse Ecology: Five-layer Progressive Construction of a Complete System

Currently, there is no clear definition of metaverse in the industry, and the related technical progress and business models are not mature, so how financial institutions can participate in it is still being explored. However, it is certain that the logical architecture and technological innovation brought by the metaverse will certainly have an important impact on financial development. According to the classification and layered understanding of the metaverse in the industry, we try to explore the financial metaverse ecology and divide it into five aspects: the underlying core technology, the front-end application equipment, the financial application layer, the financial core layer and the top-level policy support.