As we are entering the era of Metaverse and Web3, we see how many technologies and business models are evolving and believed to change the working of banks. Although Web3 will definitely reach many industries and help them grow within a few years, Web3 has significant implications for all parties involved in the banking domain now. It not only can boost the security of transactions but also seems to offer enhanced services for end users, including banking users, investment bankers, and corporates.