archyworldys

Investments in the world of “Metaverse” rise to 120 billion dollars in 5 months

Companies and venture capital funds invested $120 billion in metaverses between January and May 2022. More than double what was invested in 2021 as a whole at $57 billion.

The real estate sector is the preferred investment, real or virtual, real estate based on “Metaverse” is a plot of land on a platform on which you can build anything digitally, such as a gallery for paintings or a hall for digital concerts, and the platforms that develop these lands generate revenue by By selling or renting it to luxury brands and fashion houses trying to reach consumers in Metaverse.

Today, government entities are seeking to benefit from metaverses, by providing international headquarters, such as embassies and consulates, by default, such as the UAE Ministry of Economy, which announced the launch of a virtual headquarters in the world of “Metaverse”.

While problems in the real world economy, cryptocurrency market and stock markets did not exclude the virtual world, for example, sales of retail space and virtual land fell by more than 60% this year to less than two billion dollars.

Citibank has indicated that the metaverse market and all other related industries may reach between 8 trillion and 13 trillion dollars by 2030, and the total number of users of “Metaverse” will reach about 5 billion people.

It is expected that e-commerce will be one of the sectors that benefit the most from the virtual world. By 2030, the volume of e-commerce in Metaverse is expected to be $2.6 trillion, and many car manufacturers have also developed digital factories and virtual showrooms to simulate and test cars on Metaverse. This has led to rapid growth in this sector, and the automotive sector on Metaverse is expected to reach $16.5 billion by 2030.

Read also  The strength of the US dollar threatens a financial crisis!

He expects that other sectors such as art, media, advertising, healthcare and gaming will benefit the most from the virtual world.

Trending