ANZ banking services lead Nigel Dobson is taking a keen interest in the metaverse as a place where some of the bank’s customers want to be and transact in, but sees “really key questions” that need answers as the space takes off.

Speaking during an Infosys and Trans-Tasman Business Circle panel, Dobson said the metaverse, a connected network of virtual communities built on blockchain platforms, is “one that traditional supporters of the digital economy like banks should be planning for”.

Dobson predicted that while current excitement about the metaverse will “flatten out eventually, the hype precedes the genuine foundation of business models” and is an opportunity to find a business model “that makes sense”.

source: https://www.itnews.com.au/news/anz-banking-group-plans-for-metaverse-585249