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January 19, 2023

On the web

Davos Day 3 Shows Conflicting Visions for the Metaverse, CBDCs


Conversations about blockchain on day three of Davos show architects of the metaverse are still trying to figure out what exactly it is – and regulators hinting central bank digital currencies (CBDC) could potentially do more harm than good to the global economy. Despite the hype around the metaverse, propelled by Facebook’s transformation into Meta Platforms back in 2021, the world has yet to witness or experience anything concrete.