International Finance Enters The Metaverse

Over the past year, there has been much excitement in the media about non-fungible tokens (NFTs). Most of this has focused on the spectacular amounts of money some people seem to be willing to spend on low-resolution images of apes and kittens. There was also a brief flurry of interest in the potential use of NFTs in “the metaverse”. Much less talked about, however, has been the wider use of NFTs as representations of property and the implications for the financial ecosystem.

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