Journal of Intelligent Financial Management

Journal of Intelligent Financial Management

Developing a Fuzzy Cognitive Map for Metaverse Virtual Asset Accounting within a Fintech Framework for Cryptocurrency Investment Funds in Iran (Case Study: Citex Company)

Document Type : Original Article

Authors
Marzieh Panahi 1
Fatemeh Ahmadi 2
Lida Azizpour 3
Mojtaba Moradpour 2
1 Department of Acconting, Il.C., Islamic Azad University, Ilam, Iran
2 Department of Accounting, Il.C., Islamic Azad University, Ilam, Iran
3 Department of Management, Il.C., Islamic Azad University, Ilam, Iran
10.25843/JIFM.2025.8563.20210
Abstract
The accounting of metaverse virtual assets (such as virtual land, non-fungible tokens, and digital artifacts) has challenged the traditional boundaries of financial reporting systems due to their dual nature—characterized by "structural intangibility" and "blockchain-based algorithmic scarcity." Consequently, this study aimed to develop a fuzzy cognitive map for accounting for these assets within a fintech framework tailored for cryptocurrency investment funds, using Citex Company in Iran as a case study. A mixed-methods (qualitative-quantitative) approach was employed. In the qualitative phase, 16 relevant indicators were identified through a review of authoritative research. In the quantitative phase, data were gathered from ten experts using a specialized causal mapping questionnaire and subsequently analyzed using FCMapper software. The analysis revealed that the volatility rate of governance tokens plays a central role in the accounting of metaverse virtual assets within this fintech-based framework for cryptocurrency investment funds at Citex.
Keywords
Virtual assets
Metaverse
Fintech
Cryptocurrency investment funds
Subjects
شباهنگ، رضا و تورانی، حیدر،(1403)،بررسی میزان توجه به ویژگی های فن آوری های نوین مالی، فصلنامه علمی پژوهشی دانش سرمایه گذاری، شماره 37.
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