Metaverse is a whole new paradigm paving the way for another exciting frontier of investing. Grayscale Investments, the world’s largest digital asset management company, estimates the industry will be valued at over $ 1,000 billion over the next several years.
According to the company’s latest research report titled “The Metaverse, Web 3.0 Virtual Cloud Economies,” at the current rate, it has the potential to compete with Web 2.0 organizations worth around $ 15 trillion today.
The call prompted several companies, such as social media giant Facebook, to look to this new area. Grayscale also pointed out that Mark Zuckerberg’s plans could act as a catalyst, and that other tech giants and Web 2.0 investors could follow in their footsteps.
Web 3.0 Open Crypto Metaverse Network Opportunities
Today’s gamers lack the capacity to monetize their investments and efforts. The transfer of in-game wealth from gamers to the real economy is something that is forbidden by developers in the closed metaverse worlds of Web 2.0 companies. But Web 3.0’s open crypto metaverse networks are planning to get rid of the capital controls imposed on these virtual worlds by Web 2.0 companies.
Here’s where non-fungible tokens come in. Such a system in place would allow players to own their digital assets as NFTs, to trade them with other players. Users can also transport their tokens to other digital experiences, which, in turn, would lead to a new “free market native internet economy”.
Even though the gaming industry is the first thing that comes to mind when talking about Metaverse, the field has so many other segments to disrupt. According to the investment giant’s report, the opportunity for Metaverse extends far beyond games. Through other avenues such as advertising, social commerce, digital
developer / creator events, hardware, and monetization it can be worth over an astonishing trillion dollars.
If the latest stats are to be taken into account, the total market capitalization of the major Web 3.0 Metaverse crypto networks is already over $ 27 billion. But soon, the metaverse could become a disruptor of Web 3.0, in the same way that Facebook changed Web 2.0.
50,000 all-time users, roughly 10-fold growth since the start of 2020.
Developers, third-party creators and users see real value created by Web 3.0 Metaverse virtual worlds.
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