A Potential $30 Trillion Opportunity in the Metaverse
The metaverse may be one of the biggest stories of 2022.
Thrust into the spotlight by Mark Zuckerberg, the metaverse “is a sci-fi concept whereby humans put on some sort of headset or smart glasses that allows them to live, work and play in a virtual world much like the one depicted in the ‘Ready Player One’ movie,” says CNBC. Even billionaire Orlando Bravo, co-founder and managing partner of private equity firm Thoma Bravo is a fan, added CNBC.
In fact, he says, “It’s investable and it’s going to be very big.”
While it may take some time for the metaverse to go mainstream, Emergen Research says it could be worth up to $828.95 billion by 2028. Others, such as Matthew Ball, the CEO of Venture Capital firm Epyllion says the metaverse could be a $10 trillion to $30 trillion market. All of which could be beneficial for Tokens.com Corp. (NEO:COIN)(OTCQB:SMURF), which is the only public company that owns metaverse real estate, Coinbase Global Inc. (NASDAQ:COIN), Meta Platforms (NASDAQ:FB), Galaxy Digital Holdings (TSX:GLXY)(OTC:BRPHF), and Microsoft Corp. (NASDAQ:MSFT).
Even better, corporate America is jumping all over the opportunity. According to The Guardian, “McDonald’s recently filed 10 trademark applications including one for a virtual restaurant that would deliver to an actual home. Samsung recently launched a new smartphone on the metaverse – although not without some problems. Even the staid and traditional accounting firm PricewaterhouseCoopers has purchased virtual property on Sandbox.”