THE METAVERSE

The concept of a future where both the digital and physical world have collided into one universe or "Metaverse” is both a far-away concept and part of the present realty. While people are not teleporting from place to place or making things happen just by merely thinking about them, the evolution of the metaverse can be seen in every aspect of the digital world.

The concept of a future where both the digital and physical world have collided into one universe or "Metaverse” is both a far-away concept and part of the present realty. While people are not teleporting from place to place or making things happen just by merely thinking about them, the evolution of the metaverse can be seen in every aspect of the digital world.Investors, entrepreneurs, and industry titans see a possible pathway to the metaverse future. Zuckerberg's company Meta announced that it would be investing 10 billion U.S. dollars into its Reality Labs segment in 2021. 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 today18, Metaverse technology is expected to change the face of gaming, Al, and virtual reality, shaping a new way of interacting with the world

VR and crypto-gaming have grown increasingly more popular and comprehensive, allowing for more expansion in their markets. Even shopping with luxury brands, social media, and other aspects of our current digital world are finding their own place within the Metaverse. Metaverse gaming and NFTs could represent a revenue opportunity of $56 billion for the luxury market by 2030. That would be 10% of the total addressable market.