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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
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    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. 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.
    3. Vidal-Tomás, David, 2022. "The new crypto niche: NFTs, play-to-earn, and metaverse tokens," Finance Research Letters, Elsevier, vol. 47(PB).
    4. 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.
    5. 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.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

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

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