The Metaverse represents a $1 trillion opportunity after users increase 10x: Grayscale report

What is Metaverse

The term metaverse was originally used in Neal Stephenson’s 1992 fantasy book Avalanche. This word refers to a single virtual realm that replicated and replaced the actual world and allowed users to interact with digital things and other users. As you may know, nowadays metaverse concepts combine augmented reality and a steady virtual space where users may socialize, play, and interact. The metaverse is the aggregate of all virtual worlds, augmented reality, and the Internet.

Read our latest article: 3 top metaverse coins you would like to know about.

Possible prospects

Although the gaming industry is the first to spring to mind when thinking about the Metaverse, there are many other sectors to disrupt. According to the investment firm’s research, Metaverse’s potential goes far beyond gaming. It might be worth more than a trillion dollars in other areas, such as advertising, social commerce, digital events, hardware, and monetization for developers and creators. Today’s gamers are often unable to monetize their investments and efforts. Developers in the Web 2.0 meta-closed universe’s corporate realms restrict players from transferring their game money into the real economy. However, the open networks of the Web 3.0 cryptocurrency metasets want to eliminate capital constraints placed on them.

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bit4you is an european crypto exchange platform. We are facilitating the transition between crypto currencies and traditional currencies such as euro.