The Metaverse is an industry with $1T potential
The Grayscale report discloses that the Metaverse has attracted 10 times more users within 18 months. The report compared data from June 2021 and the beginning of 2020. The investment corporation stated that the Metaverse is a space able to reach the overall market capitalization of $1 trillion in the near future.
The Metaverse is a virtual world where users can interconnect with each other and get unlimited digital opportunities. The recent years jumped this space to a new level, as the Metaverse commenced integrating blockchain-based technologies, including tokenized assets, DeFi solutions, NFTs, and other brand-new features that increase the sector's attractiveness for new users.
The Grayscale report published in November highlights: "When compared to other Web 3.0 or 2.0 sections, the Metaverse is still at the beginning of its way. If growth rates remain on the same levels, the space will be transformed into the mainstream trend for many years."
As for revenues, the Metaverse accumulated $180 billion in 2020, and the experts predict the 100%-growth by 2025, as for the many-years potential of the segment, the virtual world annual revenues will allegedly grow to the mark of $1 trillion.