Beam me up, Snoop Dogg: What CUs need to know about the metaverse

If you’ve spent any time dabbling in the metaverse, you might feel as though the future has arrived. In case you’re new to the topic, the metaverse is an area of the internet that’s an immersive virtual world facilitated by virtual and augmented reality.

Though it may sound like sci-fi, Chris Skinner, author and commentator at The Finanser, insists it’s not a new concept.

“It’s actually quite an old idea,” he says. “I simplistically put it into the context of Star Trek. In Star Trek: The Next Generation, they had the Holodeck. Basically, you walk through sliding doors, and as the doors closed, you were in a completely other world, and it could be any world you wanted it to be; it was pre-programmed. The metaverse is basically stepping into a completely other world where you can be whatever you want to be, wherever in the universe you want it to happen.

“What credit unions and community banks need to understand is that it’s going to be a huge thing,” he explains. “Gaming today is bigger than the movie industry, and this is the next level of gaming. When you think of it in that context, it’s huge.”

 

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