In this episode of FRT, Ronit Ghose, Global Head of Banking, Fintech and Digital Assets for Citi Global Insights discusses the future of finance, exploring potential benefits and likely challenges of Decentralized Finance (DeFi), Web 3.0, and the Metaverse. Among the topics addressed, Ronit discusses the potential market for DeFi applications and use cases that are most likely to have long-term staying power. He draws important distinctions between Web 3.0 and the Metaverse, and examines where immersive environments and experiences may produce business opportunities for value-added services. Between Web 2.0 and Web 3.0, is Web 2.5 in fact the necessary step to advance the future of finance? What will the money layer look like? These questions and more are explored in this episode, advancing issues explored in Citi’s earlier March 2022 report titled "Metaverse and Money: Decrypting the Future".