1

San Francisco, NFAPost: As there is a global hoopla over new Metaverse impact, a new report states that the Metaverse economy could be worth up to $13 trillion by 2030.

According to analysts the Metaverse impact comes at a time when the global technology landscape is going for a tectonic shift. The report looks at the wider impact created by Metaverse from in-game tokens, to crypto, stablecoins, CBDCs and fiat currency.

The report estimates that a device-agnostic Metaverse that involves use cases such as commerce, art, media, advertising, healthcare and social collaboration could see a total transportable market of between $8 trillion and $13 trillion by 2030.

In addition, the report states that interoperability and seamless exchange between underlying blockchain technology are critical to ensure a frictionless user experience.

Since Facebook was rebranded as Meta last year, the concept of the Metaverse has taken a huge pace, with firms, including many in financial services, scrambling to understand how the impending move to a more virtual world will impact the economy and their business.

The report stated that interoperability and seamless exchange between underlying blockchain technology are critical to ensure a frictionless user experience.

“Different forms of cryptocurrency are expected to dominate, but given the multi-chain trend in the crypto ecosystem, cryptocurrency will likely coexist with fiat currencies, central bank digital currencies (CBDCs), and stablecoins,” states the report.

The report authors said the Metaverse of the future would encompass existing forms of money and also a set of digitally-native primitives, tied to non-fungible tokens (NFTs) and other tokens, that were out-of-scope for a pre-blockchain virtual world.

Previous articleHAL Pays Highest Dividend Of Rs 653.36 crore To GOI
Next articleCCI To Probe Zomato, Swiggy For Alleged Unfair Business Practices

LEAVE A REPLY

Please enter your comment!
Please enter your name here