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Money in the Metaverse

In: Global Perspectives in the Metaverse

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  • Keith Bear

    (University of Cambridge)

Abstract

Before we dive into the context of Money and the Metaverse, it may be helpful to remind ourselves on the fundamental nature of Money. Money typically needs to satisfy 3 key criteria. It must be able to act as: (1) A unit of account; (2) A store of value; and (3) A medium of exchange. The successfulness of the monetary system is evaluated by its ability to support the effectiveness of the money affiliated with the system.

Suggested Citation

  • Keith Bear, 2024. "Money in the Metaverse," Springer Books, in: Hung-Yi Chen & Pawee Jenweeranon & Nafis Alam (ed.), Global Perspectives in the Metaverse, chapter 0, pages 165-187, Springer.
    • Handle: RePEc:spr:sprchp:978-3-031-54802-4_9
    DOI: 10.1007/978-3-031-54802-4_9
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