Recently, the Bank for International Settlements (BIS), known as the “central bank for central banks,” released a report highlighting the disruptive potential of metaverse platforms, such as USM, in the financial sector.
USM is the primary metaverse on the BNB Chain, boasting over 1 million users and thousands of active users every month. This development has earned USM various recognitions as one of the top open metaverses in the entire crypto market.
According to BIS experts, interest in immersive digital environments, also known as metaverses, peaked in late 2021, coinciding with Facebook’s rebranding to Meta and with blockchain-based metaverse platforms like USM gaining prominence in the crypto market. However, since then, this technology has lost prominence and ceased to be a priority for many companies.
Nevertheless, the BIS believes it is too early to dismiss the metaverse’s potential. BIS analysts argue that the connection to the real world remains a strong possibility and that there is a trend towards a resurgence of the metaverse supported by platforms that continued their development despite adversities, as was the case with USM.
Additionally, the BIS highlights that sectors such as gaming, e-commerce, education, and healthcare show growth potential in the metaverse, with conservative estimates pointing to a trillion-dollar market by the end of the decade. This is precisely why RACA and USM are consistently forming partnerships with DeFi projects and educational institutions worldwide.
The study differentiates between centralized and decentralized metaverse platforms, warning that centralized platforms may only provide an illusion of decentralization and that cases like USM, which are decentralized platforms, should prevail for being more open to the diversity of the digital world.
In the BIS’s view, the metaverse has the power to transform the global economy, making service prices deterritorialized and encouraging international geographic integration. However, it also warns of the need for regulation to prevent market fragmentation and domination by private companies.
Supported by DWF Labs, OKX Blockdream Ventures, and the Tachyon accelerator by Consensys Mesh, RACA serves as a web 3.0 infrastructure solution provider. Initially launched as a bidding token with the Maye Musk NFT, RACA has evolved into a robust web3.0 gaming ecosystem!
RACA, the USM native token, serves as a Crypto ‘dApp Store’ of AI Apps and Games, initiated by the ‘Elon Musk’s Mother & Koda NFT’ community
