With peer-to-peer transactions, will the metaverse render the platform business model obsolete?

Description

Whereas digital platforms function as intermediaries, the metaverse enables peer-to-peer transactions without intermediaries, increasing the number of feasible transactions and reducing costs. Marvin Hanisch, Curtis M. Goldsby and Vasileios Theodosiadis write that this business model is based on the partial removal of intermediaries, efficiency gains, direct network effects, strong growth patterns and the interoperability of technology standards that enable the seamless transfer of actors, assets and payments across digital spaces.