According to Wall Street Journal, a piece of virtual land in The Sandbox metaverse was sold for $4.3 million, which is the record as of the tail end of 2021. ... âThe market opportunity for bringing the Metaverse to life may be worth over $1 trillion in annual revenue and may compete with Web 2.0 companies worth ~$15 trillion in market value today,â the Grayscale report notes . With such promising potential associated with the metaverse, it is reasonable to seek answers for common Metaverse FAQs. ... A recent report by crypto asset manager Grayscale estimates the digital world may grow into a $1 trillion business in the near future. (Bloomberg) -- Indonesiaâs GoTo Group raised 15.8 trillion rupiah ($1.1 billion) in one of the worldâs largest initial public offerings this year. Advertisment. The obvious answer is âmoney,â as Grayscale estimates a $1 trillion market opportunity in the metaverse. Conversely, the closed nature of Web ... Facebook, the ~$2 trillion market cap of the gaming sector, and the $14.8 trillion market cap of Web 2.0 companies that could shift to the Metaverse or risk disruption. Bloomberg estimates that the metaverse market could be worth $800 billion by 2024. However, a November report from Grayscale found that the total valuation might even reach $1 trillion in the coming years. Grayscale In the metaverse, users dictate these types of seamless, real-world adjacent interactions across digital communities. Following the announcement, LUNA, one of Terraâs native tokens, embarked on a ⦠"The market opportunity for DeFi and Metaverse applications combined, in our opinion, is likely larger than the $2 trillion market cap of the entire digital assets market today.â Again, a lot about the metaverse is currently uncertain, but investors and startups see dollar signs ahead. ... and crypto-asset manager Grayscale Investments said the metaverse is a potential $1 trillion business opportunity. An Iran deal could bring more than 1 million barrels of oil per day back onto global markets. Crypto fund, Grayscale stated in their research report that âthe market opportunity for bringing the Metaverse to life may be worth over $1 trillion in annual revenueâ.. Every financial research companies report slightly different estimates in growth. The Metaverse is a trillion dollar market opportunity. Goldman Sachs Says the Metaverse Could Be an $8 Trillion Opportunity. Metaverses are interconnected 3D virtual worlds where users interact in real time through avatars to work, play games, interact with friends, attend events, and spend money. (Bloomberg) -- Here is a snapshot of whatâs happening with Iran, its nuclear talks and energy markets. The ride-hailing, e-commerce and fintech company priced its offering of 46.7 billion shares at 338 rupiah apiece, the company said in a statement on Thursday. The metaverse describes a vision of a connected 3D virtual world, where real and digital worlds are integrated using technologies such as virtual reality (VR) and augmented reality (AR). Grayscale, the largest crypto-fund manager, is also optimistic, saying the metaverse could generate $1 trillion a year in revenue from advertising, digital events, and more. Goldman Sachs, for one, foresees the metaverse becoming an $8 trillion market. According to its reports, revenues from virtual gaming worlds could increase from $180 billion in 2020 to $400 ⦠That would offer significant relief, but implementation would likely be staggered over a few months. ©2022 Bloomberg L.P. Cryptocurrency company and market insights provider, Grayscale, recently pegged the metaverseâs revenue generation potential as $1 trillion.. Revenue from virtual gaming worlds could grow to $400 billion in 2025. As the Metaverse is expanding rapidly and its market opportunity is estimated at over $1 trillion in annual revenue (according to crypto investment giant Grayscale). According to crypto investment firm Grayscale, the metaverse is estimated to be a $1 trillion revenue opportunity across everything from ⦠British-Iranians Nazanin Zaghari-Ratcliffe and Anoosheh Ashoori were freed by Iran Wednesday, lending momentum to diplomatic efforts to revive the 2015 nuclear accord between Tehran and world powers. Latest developments. Grayscale, which is a digital currency investor, has estimated that the goods and services in the metaverse will soon be worth $1 trillion. ... Grayscale. Continuing its history of Bitcoin purchases to back UST, the stablecoin issued by Terra, the Terra Foundation has announced the purchase of a further $135 million worth of Bitcoin. A recent report by crypto asset manager Grayscale estimates the digital world may grow into a $1 trillion business in the near future. Grayscale and JP Morgan, on the other hand, see the metaverse as a potential $1 trillion market at some point in the futureâbut haven't specify when. Shiba Land Metaverse, Buy virtual Land, Sell NFT, Shiba Land is where E-Commerce meets the Metaverse in 3D. To add more fuel to the fire, crypto powerhouse Grayscale recently speculated that the metaverse could present a staggering $1 trillion opportunity in terms of global annual revenue. The recent addition now means that Terra has bought over $1 billion worth of bitcoin since January. Recently, a report by renowned crypto firm, Grayscale, has showcased that the metaverse can easily turn into a sector with an annual revenue opportunity of $1 trillion. Goldman Sachs, for one, foresees the metaverse becoming an $8 trillion market. However, they all seem to agree that the metaverse will grow tremendously in the coming years. Even as the technology for the metaverse is being built, businesses are gearing up for a radical transformation. 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