In many areas, such as the “too big to fail” problem, there will be no easy answers. In others, such as introducing a macro-prudential or systemic approach to financial regulation, both academic and policy thinking is still at an early stage. And as the situation improves, the power of vested interests contrary to any substantive reform gets stronger.
Today, this term is broadly used to refer to the wide-ranging activities of avatars that represent various entities beyond geographical limitations. The digital world, although not something that is peculiar to Metaverse, has the potential to create new combinations of businesses and consumers.