OTC Stockz
No Result
View All Result
Sunday, March 26, 2023
  • Login
  • Home
  • OTC Stocks
  • Micro Caps
  • Stocks
  • Cryptocurrency
  • NFTs
  • Education
  • Home
  • OTC Stocks
  • Micro Caps
  • Stocks
  • Cryptocurrency
  • NFTs
  • Education
OTC Stockz
No Result
View All Result
Home NFTs

The Metaverse Could Be Worth $5 Trillion By 2030: McKinsey Report

by OTC Stockz
January 10, 2023
in NFTs
Reading Time: 2 mins read
0 0
A A
0
The Metaverse Could Be Worth $5 Trillion By 2030: McKinsey Report
Share on FacebookShare on Twitter

A recent McKinsey report states that the Metaverse has the potential to become an over $5 trillion economy by 2030. The report states that the new technology has the power to significantly change both personal and office life. The news provides a new light in the ongoing crypto bear market and restores faith in the ecosystem. Read on to learn more about the report.

Table of Contents

  • Why The Metaverse Could Be A Trillion Dollar Economy?
  • The Metaverse Of Today

Why The Metaverse Could Be A Trillion Dollar Economy?

Leading management consultancy firm McKinsey & Company estimates that by 2030, the age of the Metaverse would be in full swing. The potential of the technology and its use cases across a variety of consumer and business applications could lead to it being an over $5 trillion economy.

The report also states that the Metaverse can reach its full potential once certain technological advances happen. These advancements include systems for AR (augmented reality), VR (virtual reality), sensory technology, haptic technology, interoperability, etc. Moreover, there will also need to be open standards to allow for seamless communication between different systems and platforms built to encourage the development of metaverses, and including tools for building and navigating within the metaverses themselves.

McKinsey estimates that by 2030, 50% of global live events may be held in the Metaverse. This also adds to the $5 trillion revenue valuation.

The Metaverse Of Today

As of today, the Metaverse is a medium adopted concept. The highest adoption rates of the Metaverse comes across the marketing, learning, and virtual meeting industries. However, major players in big tech realize the potential in the technology and have already built metaverses in preparation for the future. Even though the Metaverse of today is an unknown known in our daily lives, there is a high probability that most future interactions may occur within them.

Some of the early stage Metaverses of today include Decentraland, Sandbox, Spatial, among many others. Different metaverses offer a variety of experiences for viewers, artists, collectors, and investors. View the complete metaverse report by McKinsey here.

Source link

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

As you found this post useful...

Follow us on social media!

Tags: McKinseyMetaversereportTrillionWorth
No Result
View All Result
  • Trending
  • Comments
  • Latest
Over the counter stocks (OTC Stock)

The role of market makers in over the counter stocks (OTC Stocks)

March 6, 2023
5 Common Mistakes to Avoid When Investing in Over the Counter (OTC) Stocks

5 Common Mistakes to Avoid When Investing in Over the Counter (OTC) Stocks

February 27, 2023
Why Are Stocks Down Today?

The Future of OTC Stocks: Navigating the Changing Landscape of Over-the-Counter Investments

February 13, 2023
Over the counter stocks (OTC Stock)

The Benefits of Investing in Over-The-Counter (OTC) Stocks

February 10, 2023
Over the counter stocks (OTC Stock)

Breaking Down the World of Over-the-Counter Stocks (OTC Stock): A Comprehensive Guide

February 10, 2023
In the penny stock market, Xcelerate, Inc. (OTC: XCRT) is emerging as a top Healthcare Services stock to watch in 2022. 

Fabian Urquijo Joins the Advisory Board of Xcelerate, Inc. (OTCMKT: XCRT)

February 2, 2023
OTC Markets Group Welcomes M.O.B.A. Network to OTCQX

Drive Shack Inc. Joins the OTCQX Best Market

January 31, 2023
New York Considers Bill to Establish Cryptocurrency as a Form of Payment for State Agencies

New York Considers Bill to Establish Cryptocurrency as a Form of Payment for State Agencies

January 30, 2023
OTC Stockz

Get the latest news and follow the coverage of OTC Stocks, Micro Caps, Cryptocurrency, NFTs and more from the top trusted sources.

CATEGORIES

  • Cryptocurrency
  • Micro Caps
  • NFTs
  • OTC Stocks
  • Stock Market
  • Stock Market Education
  • Trending
  • Writers Analysis

LATEST UPDATES

  • The role of market makers in over the counter stocks (OTC Stocks)
  • 5 Common Mistakes to Avoid When Investing in Over the Counter (OTC) Stocks
  • Home
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 OTC Stockz.
OTC Stockz is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • OTC Stocks
  • Micro Caps
  • Stocks
  • Cryptocurrency
  • NFTs
  • Education

Copyright © 2022 OTC Stockz.
OTC Stockz is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Verified by MonsterInsights