Vol: 12, Issue: 1 2022

Page: 298-306

Designing Low-Cost 3-D Avatars Enabled to Teach Compounding Concepts to Gen Z for Enhancing Financial Literacy by Leveraging Web3 Gamification for Financial Literacy

Om Venkatesh Sharma

Received Date: 2022-02-24

Accepted Date: 2022-03-27

Published Date: 2022-03-28

http://doi.org/10.37648/ijtbm.v12i01.017

Financial literacy among Generation?Z is alarmingly low, especially around compound interest and credit. This paper presents an innovative, Web3-based gamified learning system that uses low-cost 3-D avatars and visual narratives to teach compounding concepts. By integrating NFTs for identity, interactive missions, and real-time compounding simulation within a metaverse environment, the platform aims to engage 18–24-year-olds intuitively and enhance knowledge retention. A prototype was implemented and evaluated with a randomized controlled trial (N?=?100) comparing it to traditional text-based instruction. The Web3 gamified group outperformed the control group significantly (75?% vs 55?%, p? Back Download PDF

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