For the near future, some of these [metaverse-centric developments] will be pure gimmick.

A few banks hadset up shop inside Second Lifeto help customers manage their money from within the virtual environment.

In its current state, banking in the metaverse appears to offer no added advantages, opined Karthik.

Person using AR glasses

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Gaurav Chandra, CTO of LGBTQ+ social networkAs You Are, echoes the same sentiment.

On top of this, Chandra believes the one important issue that still needs to be addressed is security.

Person in AR glasses

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