In a report titled “The Metaverse: Web 3.0 Virtual Cloud Economies,” crypto-asset manager Grayscale revealed its optimism for metaverse’s earning potential. The company said that metaverse's annual economy could soon balloon to more than $1 trillion.
“The market opportunity for bringing the Metaverse to life may be worth over $1 trillion in annual revenue and may compete with Web 2.0 companies worth ~$15 trillion in market value today,” Grayscale said. “This potential has attracted companies like Facebook to pivot towards the Metaverse, which may serve as a catalyst for other Web 2.0 tech giants and investors to follow.”
At the moment, the total market cap of leading Web 3.0 Metaverse crypto networks is estimated to be around $27.5 billion. At its current stage, it’s a far cry from Facebook’s $900 billion market cap, the gaming sector’s $2 trillion market cap, and the $14.8 trillion total market cap of Web 2.0 firms.
However, money is flowing into the space at an accelerated pace. “Capital investment into the sector has recently started to accelerate but compared to the $10 billion that companies like Facebook plan to invest, and the amounts that could follow from other companies and venture capitalists, the Metaverse is in its early innings,” the report added.
https://tokenpost.com/Metaverse-annual-revenue-could-soar-to-1-trillion-9370