Let's jump into the middle of the topic. For those who are not familiar with the term of the metaverse, I recommend the following article:
Now let's create another term that I believe more than the original concept:
Meta-multiverse
Tech companies like Facebook can create virtual worlds like in the movie: Ready Player One. These worlds are suitable for time-consuming fun, but I would instead use a different one.
The Meta-multiverse is an artificial intelligence-powered parallel reality where we upload objects with information. With the rise of mixed-reality devices, we will scan every object around us and tag them with relevant information. Artificial intelligence will help us to enhance these pieces of information. And why are all of these relevant to a financial institution?
The answer is easy because most of our lives are driven by finance. It is the fuel for most of our lives. If we can use the information better, we will find our financial wellness faster. Just one example from the millions:
We see our fridge, and it is uploaded to the meta-multiverse. We put information regarding the set temperature, the average filling of the fridge, the number of the door openings, everything. Meta-multiverse enhances these information pieces, with factory data, used price, price of a new greener fridge, and tell us: Hey, don't you think it is time to sell your old fridge and buy a new one?
Based on your historical information, you will save 50% on electricity costs if you sell it now! And here comes the financial institution, where they could give a loan to minimize the impact on your daily finance.
Artificial intelligence can analyze your behaviors and give advice on what fits you best. It can help to inventory your properties and even plan a relocation to a new property. How many boxes you need to transport everything, how much it will cost, and how you will furniture your next home. That's why it is a meta-multiverse because it can simulate many parallel universes. It can help you if you don't find any information or object. It can show your progress: are you gaining or losing.
Lastly, you will need another mindset to embrace all of this information.
But, like with the Internet, those who learn to use this technology faster will have benefits sooner.