Treat claims that metaverse-enabled functions may equally transform business models and create new sources of income, which include “identity, money, or things” being tokenized as well as augmented reality or virtual reality.
According to a recent study, the metaverse might create a trillion-dollar worth of new economic prospects by 2025. The survey questioned around 9,000 customers. More than half (55%) think there is a financial incentive to create and market material within the metaverse.
Nevertheless, the start of crypto winter and a severe bear market in 2022 harmed metaverse activities. Investor sentiment shifted while the focus shifted to managing the winter.
According to Treat,
‘To do that in various inventive ways, we need some administration, audit control, or capability to think through the hybrid structures we’re dealing with.’
The executive from Accenture on crypto self-custody
Treat claims that mobility represents the cryptographic self-custody of the future. According to Treat, users should have the option to move their data and cryptocurrency to other sites.
In addition, Treat said
‘I need to move that object, my money, and the identity I’ve acquired to another digital setting.’ That’s a fairly dismal result if that’s a new ledger with a different wallet.
Self-custody facilities have been operating for a while, but customers frequently entrust the platform with their possessions.
Following the FTX incident, wallet tokens experienced a sharp increase along with a rapid influx of funds and interest. Self-custody has been a long-standing demand of crypto supporters, and it appears Accenture shares similar views. Treat’s viewpoint is also very valid. Users should have total control in terms of their digital assets, identities, and other things.