Digital asset manager Grayscale said the metaverse could represent an annual revenue opportunity of over $1 trillion. The timeline for the estimate was not specified.
Grayscale released a report on Thursday titled “Metaverse, Web 3.0 Virtual Cloud Economies” by Grayscale’s Head of Research David Grider and Research Analyst Matt Maximo. The report, which deals with the metaverse sector, evaluated the opportunities arising from the intersection of gaming and lifestyle trends with the potential of blockchain to provide infrastructure for digital worlds.
The company has tackled leading metaverse projects such as Decentraland. Noting that people are spending more and more time online and spending money to establish social status in the same digital world, the company said that these projects allow people to interact, earn tokens and gain real-world advantages with the time they spend online.
Grayscale also evaluated the potential revenue opportunities that the industry will bring. According to him, revenue from virtual game worlds could increase from $180 billion in 2020 to $400 billion in 2025. The company also said that the fund invested in crypto in the third quarter was $8.2 billion, of which $1.8 billion went to Web 3 and NFTs. Gaming apps managed to reach nearly $1 billion in the third quarter, surpassing all other areas of NFTs. The report included the following statements: