Hi, I’m Azeem Azhar. I convene Exponential View to help us turn complexity into understanding, as the world reshapes under the force of exponential technologies.

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DEPT OF THE METAVERSE & MONEY

In my latest podcast conversation, I dissect a recent report on the metaverse and money with EV member Ronit Ghose. Ronit, who is also head of the Future of Finance programme at Citi, a bank, explores the potential monetary aspects of the metaverse.

We also discuss (de)centralisation of the metaverse, startups in Web2.5, and the behavioural economics of our virtual existence. And we look through his analysis in this first segment of COTW#72.

Scoping the market
Ronit believes that a device-agnostic metaverse that caters to a variety of use cases such as healthcare, art, media, social, commerce and more, could cater to a total addressable market of $8-13 billion by 2030.

DeFi as the entry-point to the metaeconomy
As of February 2022, 4.4 million unique addresses have used DeFi applications, with total value locked (TVL) in protocols estimated at $200 billion in March 2022. Ethereum accounts for 55% of TVL.

When knowledge and participation don’t go together