According to Grayscale, a trusted authority on digital currency investing and cryptocurrency asset management, the metaverse is expected to generate over $1 trillion annually in revenue.
A report published on Tuesday by the company under the title “The metaverse: Web 3.0 Virtual Cloud Economies” outlined this prediction.
As stated in the report, the Metaverse is still in its infancy, but several key elements are already taking shape and revolutionizing everything from e-commerce to media and entertainment.
Taking a closer look at the future generations, the company noted that they are becoming increasingly immersed in digital experiences, estimating that revenue from virtual gaming worlds will grow from $180 billion in 2020 to $400 billion in 2025.
As outlined in the report “The problem is that most game developers do not allow players to monetize their investment and efforts.”. This means players are not allowed to trade items with other players, preventing them from transferring their gaming wealth to the real world.
In contrast, Web 3.0 open crypto metaverse networks solve this problem by eliminating the capital controls imposed on these virtual worlds from Web 2.0 platforms.
Users can create their own digital assets in the form of Non-Fungible Tokens (NFTs), trade them with others in-game, and use them in other digital experiences, resulting in a digital economy that can be monetized physically.