The potential economic value of Metaverse will be $5 trillion

Metaverse is estimated to have a potential impact of $2-2.6 trillion on e-commerce, $180-270 billion on academic virtual education, $144-206 billion on marketing, and $108-125 billion on gaming. As a result of the survey in the same report, the rate of consumers who are excited to spend their daily activities on Metaverse is 59%, while the rate of companies adopting Metaverse is 57%.

In the field of Metaverse, 57 billion dollars were invested in 2021 and 120 billion dollars in the first 5 months of 2022. These investments were made by big technology companies, venture capital (VC) and private equity (PE).

Metaverse is spoken more and more in daily life, and added that the approaches of consumers and companies, how it can affect social life and life, the development of the economy and which startups can emerge, in terms of countries. 

Critical moves in the metaverse space

Big technology companies including Meta, Microsoft, Nvidia, Apple, Alphabet are taking action to shape the Metaverse. Facebook changed its name to Meta. Microsoft bought the video game company Activision Blizzard. Nvidia made its claim with the Omniverse real-time 3D graphics platform.

Significant investments in the metaverse field

Addressessen Horowitz; Launched $600 million Games Fund One venture capital to invest in game studios, Metaverse, games. NFT marketplace OpenSea has raised $300 million at a $13.3 billion valuation in a Series C funding round led by Paradigm and Coatue. Bored Ape Yacht Club creator Yuga Labs has raised $450 million at a valuation of $4 billion to create a virtual world. Niantic, the developer of the Pokémon Go game, received an investment of $ 300 million from Coatue. Metaverse technology company Improbable has raised $150 million led by Andreessen Horowits and SoftBank. The SandBox received an investment of $93 million from SoftBank.

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