Citi, one of the largest banks in the world, thinks that the metaverse market could reach $8 to $13 billion by 2030.
International banking giant citititled “Metaverse and Money” published by March Following a series of high-profile companies that have reported in their report that they have plans to get involved in the metaverse ecosystem metaverse market for multi trillion dollar made a prediction.
citi, Web3 and metaversethe next stage of will grow beyond playing games and commerce, art, media, advertising, health and social to include cooperation in its report, that the ecosystem could become a multi-trillion dollar market. told.
The total addressable market (TAM) for the metaverse could be between $8 trillion and $13 trillion by 2030, and the total number of metaverse users could be around five billion.
Too much to achieve such a high market value infrastructure development adding that he will need citiFor this computing, storage, network infrastructure, consumer hardware and game development on their platforms big investments indicated it would be needed.
In addition, the report that cryptocurrencies will play a big role in the metaverse claiming banking giant, that cryptocurrencies can co-exist with other existing currencies told.
Different cryptocurrencies are expected to dominate. But given the multi-chain trend in the crypto ecosystem, cryptocurrencies will likely coexist with fiat currencies, digital central bank currencies (CBDCs), and stablecoins.
For this possibility to materialize, the digital asset industry and the metaverse ecosystem must be arrangement and addressing digital property rights stating that you will need citifinally in the report Meta companies such as A closed version similar to Web2 and an open, decentralized, community-managed Web3 edition including there can be two different versions of the metaverse he implied.
Financial and banking institutions continue to make similar predictions about the metaverse market and to be included in the ecosystem. Goldman Sachsmetaverse 8 trillion dollars While saying that there may be an opportunity, Morgan Stanley and Bank of America (BofA) also made similar predictions about the metaverse market.
UK-based banking giant HSBC in the past weeks The Sandbox (SAND) by partnering with to the world of the metaverse had stepped in.
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