Metaverse could represent a market opportunity that generates more than $1 trillion a year, crypto investment giant Grayscale said in a statement.report
The report, published Thursday, titled “The Metaverse, Web 3.0 Virtual Cloud Economies,” looks at the potential for emerging trends in gaming and lifestyle. With Blockchain’s Potential to Provide Infrastructure for the Digital World
Projects like Decentraland allow people to interact, control, and earn tokens and benefits in the real world, which Grayscale says people are spending more and more time online, and they’re spending money to build a social presence. within the digital realm at the same time
Virtual gaming revenue could grow to $400 billion in 2025 from $180 billion in 2020, and Grayscale notes that most of the $400 billion will be spent on games. Compared to spending on premium games
In Q3, total funding for crypto was $8.2 billion, with $1.8 billion going to Web 3 and NFT tokens, which Grayscale said funding for gaming applications. It took a share from all other NFT groups in the third quarter, reaching $1 billion.
“Compared to the $10 billion that companies like Facebook plan to invest. and the amount that will follow after other companies and joint ventures So we can tell that Metaverse is still in its infancy,” Grayscale said.
The report was written by David Grider, head of research at Grayscale, and research analyst Matt Maximo. They define the metaverse as “a 3D interconnected virtual world. where people from anywhere can access society in real time to create a continuous internet economy owned by users. which covers both the digital and real worlds.”
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