IDEAS home Printed from https://ideas.repec.org/p/rsc/rsceui/2023-16.html
   My bibliography  Save this paper

The Metaverse: technology, financing and economics

Author

Listed:
  • Pier Luigi Parcu
  • Niccolo' Galli
  • Chiara Carozza

Abstract

This article critically discusses several issues regarding the unfolding of the Metaverse concept. Through the analysis of several sources, it demonstrates the rise of the Metaverse myth, as well as the innovation activities that are ongoing regarding the development of the technologies involved and the actual financial evolution of those companies, or funds, that are related to the Metaverse. Finally, it investigates some of the business model innovations and those that are expected to emerge, while comparing the Metaverse with the present status of the Internet. The conclusions suggest possible lines of analysis for future research.

Suggested Citation

  • Pier Luigi Parcu & Niccolo' Galli & Chiara Carozza, 2023. "The Metaverse: technology, financing and economics," RSCAS Working Papers 2023/16, European University Institute.
    • Handle: RePEc:rsc:rsceui:2023/16
    as

    Download full text from publisher

    File URL: https://cadmus.eui.eu/bitstream/handle/1814/75369/WP_2023_16.pdf?sequence=1&isAllowed=y
    Download Restriction: no
    File URL: https://hdl.handle.net/1814/75369
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Voraprapa Nakavachara & Kanis Saengchote, 2022. "Is Metaverse LAND a good investment? It depends on your unit of account!," Papers 2202.03081, arXiv.org.
    2. Vidal-Tomás, David, 2022. "The new crypto niche: NFTs, play-to-earn, and metaverse tokens," Finance Research Letters, Elsevier, vol. 47(PB).
    3. Burhan, Muqbil & Singh, Anil K. & Jain, Sudhir K., 2017. "Patents as proxy for measuring innovations: A case of changing patent filing behavior in Indian public funded research organizations," Technological Forecasting and Social Change, Elsevier, vol. 123(C), pages 181-190.
    4. Voraprapa Nakavachara & Kanis Saengchote, 2022. "Is Metaverse LAND a Good Investment? It Depends on Your Unit of Account!," PIER Discussion Papers 172, Puey Ungphakorn Institute for Economic Research.
    5. Zoltan J. Acs & Luc Anselin & Attila Varga, 2008. "Patents and Innovation Counts as Measures of Regional Production of New Knowledge," Chapters, in: Entrepreneurship, Growth and Public Policy, chapter 11, pages 135-151, Edward Elgar Publishing.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Yindan Ye & Thomas Crispeels, 2022. "The role of former collaborations in strengthening interorganizational links: evidence from the evolution of the Chinese innovation network," The Journal of Technology Transfer, Springer, vol. 47(5), pages 1343-1372, October.
    2. Parcu, Pier Luigi & Innocenti, Niccolò & Carrozza, Chiara, 2022. "Ubiquitous technologies and 5G development. Who is leading the race?," Telecommunications Policy, Elsevier, vol. 46(4).
    3. Ante, Lennart & Wazinski, Friedrich-Philipp & Saggu, Aman, 2023. "Digital real estate in the metaverse: An empirical analysis of retail investor motivations," Finance Research Letters, Elsevier, vol. 58(PA).
    4. BenMabrouk, Houda & Sassi, Syrine & Soltane, Feriel & Abid, Ilyes, 2024. "Connectedness and portfolio hedging between NFTs segments, American stocks and cryptocurrencies Nexus," International Review of Financial Analysis, Elsevier, vol. 91(C).
    5. Dhoha Mellouli & Imen Zoglami, 2024. "The Dynamics of Connectivity between Traditional Cryptocurrencies and NFTs: Validation of the Connectivity Model by Quantiles and Frequencies," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(1), pages 131-154.
    6. Balland, Pierre-Alexandre & Boschma, Ron, 2022. "Do scientific capabilities in specific domains matter for technological diversification in European regions?," Research Policy, Elsevier, vol. 51(10).
    7. Attila Varga & Dimitrios Pontikakis & Joaquín M. Azagra-Caro, 2010. "Absorptive capacity and the delocalisation of university-industry interaction Evidence from participations in the EU's Sixth Framework Programme for Research," Working Papers 2010R01, Orkestra - Basque Institute of Competitiveness.
    8. Michael Fritsch & Viktor Slavtchev, 2007. "What determines the efficiency of regional innovation systems?," Jena Economics Research Papers 2007-006, Friedrich-Schiller-University Jena.
    9. Motoyama, Yasuyuki & Cao, Cong & Appelbaum, Richard, 2014. "Observing regional divergence of Chinese nanotechnology centers," Technological Forecasting and Social Change, Elsevier, vol. 81(C), pages 11-21.
    10. Jos� Lobo & Charlotta Mellander & Kevin Stolarick & Deborah Strumsky, 2014. "The Inventive, the Educated and the Creative: How Do They Affect Metropolitan Productivity?," Industry and Innovation, Taylor & Francis Journals, vol. 21(2), pages 155-177, February.
    11. Tom Broekel & Matthias Brachert & Matthias Duschl & Thomas Brenner, 2015. "Joint R and D subsidies, related variety, and regional innovation," Working Papers on Innovation and Space 2015-01, Philipps University Marburg, Department of Geography.
    12. Qureshi, Irfan & Park, Donghyun & Crespi, Gustavo Atilio & Benavente, Jose Miguel, 2021. "Trends and determinants of innovation in Asia and the Pacific vs. Latin America and the Caribbean," Journal of Policy Modeling, Elsevier, vol. 43(6), pages 1287-1309.
    13. Maria Cipollina & Giorgia Giovannetti & Filomena Pietrovito & Alberto F. Pozzolo, 2012. "FDI and Growth: What Cross-country Industry Data Say," The World Economy, Wiley Blackwell, vol. 35(11), pages 1599-1629, November.
    14. Alessandro STERLACCHINI, 2006. "Innovation, Knowledge and Regional Economic Performances: Regularities and Differences in the EU," Working Papers 260, Universita' Politecnica delle Marche (I), Dipartimento di Scienze Economiche e Sociali.
    15. Carlino, Gerald & Kerr, William R., 2015. "Agglomeration and Innovation," Handbook of Regional and Urban Economics, in: Gilles Duranton & J. V. Henderson & William C. Strange (ed.), Handbook of Regional and Urban Economics, edition 1, volume 5, chapter 0, pages 349-404, Elsevier.
    16. Yue Wu & Yue Yang & Weishun Xu & Qiuxiao Chen, 2020. "The Influence of Innovation Resources in Higher Education Institutions on the Development of Sci-Tech Parks’ Enterprises in the Urban Innovative Districts at the Stage of Urbanization Transformation," Land, MDPI, vol. 9(10), pages 1-36, October.
    17. Jörn Block & Christian Fisch & Kenta Ikeuchi & Masatoshi Kato, 2022. "Trademarks as an indicator of regional innovation: evidence from Japanese prefectures," Regional Studies, Taylor & Francis Journals, vol. 56(2), pages 190-209, February.
    18. Tappeiner, Gottfried & Hauser, Christoph & Walde, Janette, 2008. "Regional knowledge spillovers: Fact or artifact?," Research Policy, Elsevier, vol. 37(5), pages 861-874, June.
    19. Pedro de Faria & Francisco Lima, 2012. "Interdependence and spillovers: is firm performance affected by others’ innovation activities?," Applied Economics, Taylor & Francis Journals, vol. 44(36), pages 4765-4775, December.
    20. Lawrence A. Plummer & Zoltán J. Ács, 2015. "Localized competition in the knowledge spillover theory of entrepreneurship," Chapters, in: Global Entrepreneurship, Institutions and Incentives, chapter 8, pages 145-160, Edward Elgar Publishing.

    More about this item

    Keywords

    Metaverse; patents; business models; financing; technology;
    All these keywords.

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:rsc:rsceui:2023/16. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: RSCAS web unit (email available below). General contact details of provider: https://edirc.repec.org/data/rsiueit.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.