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The metaverse is a $1 trillion opportunity, crypto giant Grayscale says as virtual land sales boom
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The metaverse has the potential to become a $1 trillion annual revenue opportunity across the worlds of advertising, digital events, e-commerce and hardware, according to a new report from crypto giant Grayscale.
Grayscale's report, released Wednesday night, comes during a surge in interest in the metaverse after Facebook officially changed its name to Meta as it focuses on the virtual immersive world it says is the future of the internet.
This week, there have been early indications of the potential size of the metaverse economy, with parcels of virtual land inside crypto-based metaverses Decentraland and Axie Infinity selling for more than $2 million.
The metaverse refers to a range of online 3D virtual environments, in which people
Read more on markets.businessinsider.comAbout this in other media
Ark Invest’s Cathie Wood calls metaverse a ‘big idea that will infiltrate every sector’ ambcrypto.com /2 years ago
Just 4 metaverse projects sold $106 million in virtual land last week, with The Sandbox taking a massive lead: DappRadar markets.businessinsider.com /2 years ago
Bitcoin Capital AG launches two crypto ETPs on SIX Swiss Exchange cointelegraph.com /2 years ago
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