• Grayscale report: metaverse offers huge trillion dollar opportunity

  • Cryptocurrency investment giant Grayscale released a report earlier this week on the opportunities offered by the metaverse. According to the new report, titled “The Meta-Universe, Web 3.0 Virtual Cloud Economy,” the meta-universe represents a trillion dollar market opportunity.

    The concept of the “metaverse” has been gaining favor and additional attention from various investors over the past few weeks, especially after Mark Zuckerberg announced that Facebook was changing its name to “Meta.” The report says that observing the current pace of development, the meta-universe has the potential to compete with today’s Web 2.0 organizations, which are worth about $15 trillion.

    “Meta-universe virtual world users are still in the early stages compared to other Web 3.0 and Web 2.0 segments, but if current growth rates remain on their current trajectory, this emerging segment has the potential to become mainstream in the coming years,” Grayscale said.

    The report highlights the opportunities that Web 3.0 can provide for gaming and lifestyle trends such as advertising, social commerce and creator monetization. global gaming revenues reach $180 billion in 2020 and are expected to grow to $400 billion by 2025. The third quarter also saw staggering numbers in the cryptocurrency fundraising space, totaling $8.2 billion, with $1.8 billion of that going to Web 3 and NFTs.

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