Point of view from multiple perceptions about Metaverse ecosystem

Accounting Department, School of Accounting, Bina Nusantara University, Jakarta, Indonesia 11480

^* Corresponding author: shendratno@binus.edu

Abstract

The Metaverse has experienced rapid growth in recent years. In 2021, interest in Metaverse skyrocketed. The term “metaverse” refers to a computer-generated world that blends the physical and digital realms and allows users to engage with virtual characters on the internet, trading, or even investing. However, there is limited research about the Metaverse ecosystem, whether its development or the measurement for the digital assets—especially NFTSs and Cryptos. Therefore, researchers perform a qualitative method using a semi-structured interview method and thematic analysis method. The interviews are conducted with individuals who play interactive games or holders of NFTs, Crypto, or any digital assets or expertise. Thirty respondents participated in this research. According to participants’ perception, since there are no specific accounting standards related to this, the accounting treatment and the valuation of these assets are adjusted to the existing standards depending on the intention or the purpose of the holder or entity towards the asset. Apart from that, most participants agree that the development of the Metaverse is also still constrained, it requires the right solution so that Metaverse can become a platform that the public can expect as it should be.