According to Citi Group, the metaverse is still in its infancy and has the potential to reach hit the market of $13 trillion. This, in turn, will have a positive impact on tech players and cryptocurrencies. The market response around metaverse is more optimistic than ever. Most tech players now understand the long-term revenue opportunities that stem from the metaverse.
Early Metaverse Economic Opportunities
As of now, many crypto analysts have managed to identify numerous investment opportunities within the metaverse. Consequently, it would render more economic growth in the digital space. On the surface, metaverse may come across as too complicated and that’s fair.
But tech players want to leverage as many opportunities as possible before it’s too late. The report from Citi also touches on the TAM or total addressable market of the metaverse. You can now calculate and compare the revenue generation related to digital and real-world activities.
Understand the Building Blocks of Metaverse
According to the extensive Citi report, investment opportunities are present in the building blocks. The first one is operating systems that bridge the gap between content and people. The second block is the blockchain that decentralizes ownership around digital assets and economic systems at the same time.
The third building block involves natural UI elements of metaverse like gestures and voice control for a seamless and immersive user experience. The fourth and fifth building blocks of metaverse tie together with cloud infrastructure and extended reality headsets.
Major Players: Metaverse Stocks
When it comes to stocks, Intel, Nvidia, Apple, and Meta are bound to be the key players in the metaverse. But apart from tech giants, many other companies also now want to be part of the metaverse. On the flip side, banks are cautious about the early development of metaverse.
Metaverse: Challenges, Risks, and Opportunities
Tech experts believe that there will be many challenges and risks attached to the metaverse before it reaches its full potential. Not to mention, the regulations and rigid policies continue to haunt crypto. But widespread adoption of metaverse would occur sooner than people realize. And that’s because there is a mainstream consensus around the use cases and benefits of metaverse that would favor users as well as the companies.
Metaverse: A New Virtual Frontier
The current state of metaverse development is stable. Right now, the best way to experience the wonder of the metaverse is through video games involving virtual reality headsets. But there is a good chance metaverse would move on to Web 3 or next-gen internet.
What’s interesting is that the open metaverse will view money differently than in real-world settings. While fiat currencies, stablecoins, and digital currencies are part of the metaverse, types of cryptocurrencies will have dominance.
Once you start to see metaverse as the new version of the internet, it becomes clear how it transforms the digital landscape as we know it. But until the metaverse reaches its peak, it is bound to face more governmental scrutiny and the wrath of old-school policymakers.