Metaverse is a whole new paradigm paving the way for another exciting frontier of investing. Grayscale Investments, the world’s largest digital asset management firm, believes that the industry will be valued at over $1 trillion in the next few years.
According to the company’s latest research report titled “The Metaverse, Web 3.0 Virtual Cloud Economies,” at the current rate, it has the potential to compete with Web 2.0 organizations worth around $ 15 trillion today.
This appeal has resulted in several companies, such as the social media giant Facebook to pivot towards this new realm. Grayscale also pointed out that Mark Zuckerberg’s plans could act as a catalyst, and that other tech giants and Web 2.0 investors could follow in their footsteps.
Web 3.0 Open Crypto Metaverse Networks Opportunities
Gamers today lack the ability to monetize their investments and efforts. The transfer of in-game wealth from gamers to the real economy is something that is forbidden by developers in the closed metaverse worlds of Web 2.0 companies. But Web 3.0 open crypto metaverse networks plan on getting rid of the capital controls imposed on these virtual worlds by the Web 2.0 companies.
Here’s where non-fungible tokens come in. Such a system in place would allow players to own their digital assets as NFTs, to trade them with other players. Users can also carry their tokens to other digital experiences, which, in turn, would result in a new “free-market internet-native economy.”
Metaverse explosion
Even though the gaming industry is the first thing that comes to mind when talking about Metaverse, the field has so many other segments to disrupt. According to the report by the investment giant, the opportunity for Metaverse extends far beyond gaming. Through other avenues such as advertising, social commerce, digital
If the latest stats are to be taken into account, the total market cap of the prominent Web 3.0 Metaverse crypto networks is already more than $27 billion. But soon, the metaverse could become a disruptor of Web 3.0, in the same way that Facebook changed Web 2.0.
The on-chain metrics depict a rapid growth in terms of Web 3.0 Metaverse virtual world users. The report showed that the number of Metaverse portfolios set a new peak in the last quarter of 2021, with nearly
50,000 all-time users, roughly 10-fold growth since the start of 2020.
Developers, third-party creators, and users are seeing real-world value being created by the Web 3.0 Metaverse virtual worlds.
