A report from crypto investment firm Grayscale estimates revenue from virtual gaming worlds as Metaverse could grow to $400 billion by 2025.
A new report from Grayscale outlines the company’s optimistic outlook on the future of Web3. Grayscale has published its November research report focusing on the Metaverse. The company estimates the Metaverse and Web3 to be a trillion-dollar revenue opportunity.
One of crypto’s most significant investment companies has high hopes for the new hype thing. Grayscale Investments published its November research report Wednesday, covering the firm’s optimistic outlook on the Metaverse and Web3 economy.
With digital worlds continuing to embed themselves in our daily lives, the Metaverse could represent over a $1 trillion market opportunity, according to crypto investment firm Grayscale.
“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 today,” Grayscale said.
The Metaverse is defined by the report’s authors David Grider and Matt Maximo as “interconnected, experiential, 3D virtual worlds where people located anywhere can socialize in real-time to form a persistent, user-owned, internet economy spanning the digital and physical worlds. This vision for the future state of the web has the potential to transform our social interactions, business dealings, and the internet economy at large,” they said.
The report also takes a jab at the Metaverse iteration that closed companies such as Meta, formerly Facebook, are trying to create by themselves. It states that these closed Web 2.0 companies will have to evolve to interoperate with other companies to really make their Metaverse attempts richer. In this sense, the report addresses: “We don’t yet know the path Facebook will take with their Meta ambitions, but they—like other Web 2.0 companies—will need to make this challenging shift in the face of pressure to meet quarterly results for shareholders.”
