crypto giant grayscale, metaverseHe said that the tech industry is still at a very early stage and he predicts the emerging technology sector will become a $1 trillion opportunity.
In a new report, Grayscale has commented on metaverse assets, the rising star of the crypto world. The firm says metadata is tied to transforming the game with the emergence of play-to-win platforms that allow users to convert their digital assets for non-gaming use.
“This new paradigm creates an entirely new ‘free market’ internet locale economy by allowing users to own their digital assets as NFTs, trade them with others in the game, and move them to other digital experiences. You can use the money you earn in the local market on the Internet in real life.”
Asset manager Grayscale adds that the potential of the metadata store goes beyond the boundaries of gaming.
“Gaming represents just one of the fastest addressable segments, but where the value naturally started to slide into Web 3.0 metaverse We’re talking about a situation where the opportunity goes far beyond the game. I predict that Metaverse could create a trillion-dollar revenue opportunity in advertising, social commerce, digital events, hardware, and developer/creative monetization.
Web 3.0 metaverse economies can use their own digital currencies, such as MANA, or the currency of the Tier-1 core crypto cloud economy platform on which they are built, such as Ethereum (ETH) or Solana (SOL).
Grayscale also highlighted that the metaverse has the potential to grow exponentially and compete with existing tech giants like Facebook.
“The market opportunity to bring the Metaverse to life could be over $1 trillion in annual revenue and compete with Web 2.0 companies with ~$15 trillion in market capitalization today.”
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