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Metaverse market valued at $13 trillion

by Vaibhav
April 3, 2022
in News
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Metaverse market valued at $13 trillion
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According to analysts at the largest international bank Citibank, thanks to the constant growth of the metaverse economy, this market is estimated at $13 trillion by 2030.

We believe the Metaverse may be the next generation of the internet — combining the physical and digital world in a persistent and immersive manner — and not purely a Virtual Reality world. Read more in our latest #city GPS report: https://t.co/Gmz3ZK1U9K pic.twitter.com/YCVtcKhjc9

— Citi (@Citi) April 1, 2022

Experts also predicted that the total number of users of the metaverses by that time would reach 5 billion.

“Metaverses are the next generation of the Internet, bridging the physical and digital worlds,” the report says.

Now there is confidence that the most popular scenario for using the metaverse will be games. According to analysts, NFTs will act as digital property.

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Bitcoin and Ethereum have every chance of becoming the most popular means of payment in the metaverse, but Citibank also allows the use of stablecoins and CBDC.

“To reach this market level will require investments in infrastructure: computing, storage, network infrastructure, consumer hardware and game development platforms.”

Now the metaverses are actively used. For example, in March in Decentraland the first fashion week in the metaverseand in February first wedding.

That much anticipated wedding @decentraland @decentraspots @DCL_Events @peopleofdcl @Decentralovers @DCLDating @WearablesDCL @roselawgroup
Congrats Ryan and Candice!!! 💙 pic.twitter.com/RA7oG9Qmcq

— Kanard Azul (@Kanard Azul) February 5, 2022

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