Morgan Stanley Sees $8 Trillion Metaverse Market — In China Alone. The initial total addressable market in China will be around $4 trillion. Tokens provide an easy segway to experience the company vision, by becoming a retail investor. Consensus-wise, most investment firms see the Metaverse well into the trillions of dollars. The metaverse will be the next generation platform to replace mobile internet. We anticipate that the metaverse TAM will be broad and also it will extend beyond the existing online consuming market. Dominated mostly by e-commerce and online entertainment spen ..read more

As of today, metaverse companies are trying to create virtual experiences, but no one yet has it all. Some initial projects that are doing well in creating experiences and communities in the metaverse. Tokens provide an easy segway to experience the company vision, by becoming a retail investor. The “type” of the metaverse, dictates the environment of the metaverse. The ability to co-creation on the platform via tools suck as APIs and SDKs. I have taken the perspective of a business that aims to extend the brand into the metaverse and used three primary ingredients to analyze each of these ..read more

Key Points Metaverse technology is far more advanced than virtual reality. The Metaverse is still not very well defined in contrast to virtual reality. VR headset is not required to experience the Metaverse Virtual reality tends to focus on singular experiences whereas the Metaverse promises the blending of real and virtual experiences. Virtual reality is fantastic for experiences, but once you switch off the product, it’s pointless. The Metaverse, on the other hand, is continually moving and blending real and virtual experiences using things like Augmented Reality and other technologies, g ..read more

Key Points The Metaverse will create millions of jobs over the next decade. Many of these jobs do not even exist today and will emerge from new technologies and new business models. Not all of the work centered around the Metaverse will occur within it. Much of it will involve connecting the nuts and bolts that keep it turning — coders, designers, testers, and developers.  Real estate: Virtual land is already selling for millions of dollars in metaverse worlds such as The Sandbox and Decentraland. Fashion: From Louis Vuitton to Nike and Gucci, fashion brands are clamoring ..read more

Key Points Globant’s Sentinel Report on the Metaverse Summarizes the Metaverse as a shared 3D experience or an embodied, virtual version of the internet. Neal Stephenson was the first to coin the word metaverse in his novel Snow Crash, describing a virtual shared space where humans navigate in the form of avatars. It’s predicted that the metaverse market size will reach $800 billion by 2024, and as a result, the metaverse will create 10,000 jobs over five years. Avatars will emerge as digital identities, an extension of ourselves in the virtual space. Investing in gaming will become a huge fo ..read more

Key Points The biggest brands, banks, and organizations are spending millions to snatch Metaverse real estate up. Decentraland, The Sandbox, and Somnium Space are Metaverse worlds. Virtual real estate is the digital space, pixel by pixel (or 3D pixels called voxels, in this case) that are divided up and traded in metaverse worlds. Invest in a metaverse world that only has a finite amount of land. The average price for a parcel of land across the main metaverse worlds has been hovering around $15,000. Purchases of virtual real estate utilized NFTs. Real estate brokers are also partnering ..read more

Key Points Decentralization is the overarching, governing principle of a proper metaverse and many of the traits that follow depend on or result from this main concept. Property Rights. The aspect of buying in-game items today is more similar to renting than actually buying and owning the item. People’s identities must be able to persist throughout the metaverse without complete reliance on a small set of centralized identity providers Composability is a systems design principle, and here specifically it’s the ability to mix and match software components like lego bricks.  Open ..read more

Key Points Marketing Charts released 6 Stats on Consumer Attitudes to the Metaverse The share of adults familiar with the metaverse is about on par with those who are familiar with non-fungible tokens. Fewer Americans can actually define the meaning of Metaverse. 15% of Consumers Have Bought a Virtual Good or NFT  Nielsen found that one-quarter of consumers were planning to buy an NFT in the next 6 months. Read the Article 6 Stats on Consumer Attitudes to the Metaverse The post 4 in 10 Americans Say They’re Familiar With the Metaverse  appeared first on The Metaverse Bl ..read more

Key Points Polygon Ignite was an event that showcased some of the best applications the Polygon platform has to offer, and what is in store for the future of Polygon. Watch the video from May 4, 2022 The post Polygon Ignite Conference Metaverse Edition appeared first on The Metaverse Blog ..read more