Grayscale released its November research report focusing on the Metaverse and estimates Web3 as a trillion-dollar revenue opportunity. While discussing the orientation of users to play-to-win platforms in the report, Decentraland (MANA), one of the metaverse coin projects, was also examined. The firm says Netscape’s Web 1.0, Facebook’s 2.0, and the Decentraland virtual world are the beginning of Web 3.0 evolution. Here are the details…
Grayscale’s metaverse thesis
Grayscale, one of the biggest investment companies in crypto, is hopeful about metaverse projects. In a report released Wednesday, the firm said that game-focused metaverse coin projects are leading Web 3.0 and opportunities are spreading to other areas. It is estimated that there are $1 trillion in revenue opportunities across advertising, social commerce, digital events, and hardware. Grayscale adds that as web-based technologies evolve, the time people spend using them increases. The firm believes that the virtual world economy will turn into more money depending on the time spent online. The report also includes the following statements:
As we spend most of our time on these digital world experiences, we spend more money in these digital realms to build our social status in these online communities.
Cryptocoin. com Do not forget to take a look at the metaverse articles (part-1, part-2) we have prepared.
Metaverse coin Decentraland (MANA) also reviewed
Blockchain projects aiming to develop virtual worlds received $100 million investment from KuCoin and Blockchain gaming platform Enjin over the past month, while existing virtual world game projects Decentraland and The Sandbox have been valued by more than 500% since the beginning of November. Grayscale also refers to Decentraland (MANA) in its report. According to the firm, projects like Decentraland are creating a virtual world where users can log in to play games, earn MANA and NFT, and create avatars online.