fbpx
Skip to content Skip to sidebar Skip to footer

Metaverse Industry Could Become a $1 Trillion Business Opportunity, Says Grayscale

Leading crypto asset manager Grayscale stated that it could foresee the metaverse industry becoming a $1 trillion business opportunity in the future, according to its report titled “The Metaverse, Web 3.0 Virtual Cloud Economies.” The report analyses the potential this initiative holds for early investors.

The company describes the metaverse as the start of a new paradigm that will spark innovations in Web 3.0. It said: “This vision for the future state of the web has the potential to transform our social interactions, business dealings, and the internet economy at large.”

The gaming industry is said to be one of the first addressable markets for the metaverse, with a 2003 video game called Second Life being considered the world’s first known metaverse and with how easy it is to implement digital economies in games. Projects like Axie Infinity, Decentraland and The Sandbox are proving that gaming will continue to evolve.

Moreover, the metaverse initiatives can also potentially find market opportunities in payment networks, DeFi, NFTs, governance and identity systems.

In regards to Meta (formerly Facebook), the report stressed that closed Web 3.0 companies like Facebook will have to evolve to interoperate with other companies for the sake of making their metaverse attempts richer.

Leave a comment

About SuperCryptoNews

SuperCryptoNews is a global leading blockchain & crypto news provider, covering daily news focused on trading and investment developments in bitcoin and crypto. We bring you expansive crypto news coverage around the world. We offer many thought leadership opinions from blockchain experts and leaders of the industry.

Subscribe to SCN

© Copyright of Novum Global Consultancy Pte Ltd {2020, 2021}. All rights reserved.

111 North Bridge Road, 21-01, Peninsula Plaza, Singapore 179098.

Phone: +65-80282938

Contact Us   |   T&Cs   |   Privacy Policy   |   About Us

About SuperCryptoNews

SuperCryptoNews is a global leading blockchain and crypto news provider, covering daily news on the latest tech and trading developments in crypto. We bring you expansive crypto news coverage especially in Asia, with a focus on Singapore, Thailand and Southeast Asia.

Follow Us On

© Copyright of Novum Global Consultancy Pte Ltd {2020, 2021}. All rights reserved.

Contact Us   |   T&Cs   |   Privacy Policy   |   About Us