Is the metaverse immune to CBDCs?

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City AM

By Darren Parkin The decentralised portion of the metaverse is somewhat immune to the dawning of CBDCs (central bank digital currencies) as tokens and NFTs via DAOs and ICOs are the oil in the metaversal engine. Governments may try to limit the gateways between fiat/CBDCs and cryptocurrencies/tokens/NFTs, but such attempts will fall short as Web3 evolves. Peer-to-peer methods of transaction that enable conversion between fiat and cryptocurrencies will always be an option regardless of limits placed by governments. For years now, the Chinese have been sending out well above the $50,000 USD equi…

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