Citi sees a $13 trn opportunity in Metaverse. Does it have the potential?

economictimes.indiatimes.com:

Citi, the Metaverse space represents a revenue shot of as much as $13 trillion by 2030 and believes it has a major impact on not just key tech players, but also cryptocurrencies Metaverse is an immersive digital world created by virtual reality, augmented reality and the internet. However, this concept is not new. Market participants said that metaverse is booming with every passing day as utility grows and so does the number of crypto assets. In 5 years, it is expected to be more than a few trillion dollars at least.

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Sathvik Vishwanath, Co-Founder and CEO, Unocoin, said that metaverse is a digital world, and crypto is its currency. This relation will not only impact the crypto exchanges but the entire crypto market. «As this digital asset found new utility, investors who hold a considerable amount of these assets will have a favourable advantage in the future of meta and future economy,» he added. According to Citi's report, metaverse only has the potential to create revenue which is equivalent to more than 10 times the market capitalization of the entire crypto space, hovering around $1.25 trillion. The report argued that theoretically, the total addressable market of the metaverse should be calculated by adding all internet-related revenue to that of the physical-world activities being displaced. This makes some major assumptions about the future of e-commerce business across the globe because it implies that all parts of the e-commerce stack are going to be disrupted by the metaverse. «We anticipate that an increasing number of