Grayscale, the world’s largest digital asset management company, predicts that the Metaverse craze, which has grown rapidly in the last period, will become a huge market. In the latest report released by the company, it was suggested that Metaverse could turn into a market that will generate over $1 trillion in annual revenue in the next few years, competing with Web 2.0 companies of approximately $15 trillion today.
In the report written by Grayscale’s research director David Grider and research analyst Matt Maximo, it was also noted that companies such as Facebook, which saw this potential, and other Web 2.0 technology giants and investors turned to Metaverse.
Grayscale states that venture capital companies that see great potential in the sector also have an active interest.
Researchers underlined that globally active Metaverse wallets have experienced 10-fold growth since the beginning of 2020. As of June 2021, it was stated that the total number of active Metaverse wallets reached 50 thousand. It was further said:
“Compared to other Web 3.0 and Web 2.0 segments, Metaverse is still in its infancy for virtual world users. However, if growth rates continue, this emerging segment has the potential to become mainstream in the coming years.”
The researchers add that Metaverse projects integrating with DeFi services such as crypto tokens, NFTs, decentralized governance and staking lending create a new online experience, thereby attracting new users.
On the other hand, in-game spending is expected to increase in the next four years. It was written that the revenue from virtual game worlds could increase to $ 400 billion by 2025.
In the report, it is stated that the basis of the internet is the interaction of people with each other, while online communities are divided into three periods as follows:
Web 1.0 – Netscape connected to the internet
Web 2.0 – Facebook connected to online communities
Web 3.0 – Decentraland connected to a community-owned virtual world
The following statements were included in the report, which also reserved a separate place for Decentraland:
“Projects like Decentraland are creating an open-world metaverse where users can log in to play, earn MANA or create an NFT, turning their time online to real-world advantage.”
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