Sunday, June 23, 2024

The Metaverse is a $8 trillion opportunity, according to Goldman Sachs.

Goldman Sachs, in its recent report, concluded that the Metaverse could be worth up to $8 trillion in opportunity. It is the Facebook founder Mark Zuckerberg’s new brainchild that aims to take virtual reality to the next level.

It is like a world within our world where you can do everything, from shopping to having work meetings. This was disclosed in “Exchanges at Goldman Sachs” where they talked about the Metaverse and web 3.0.

Many people have estimated the size of the Metaverse and have come to similar conclusions themselves. Last year in November itself, Morgan Stanley stated that the Metaverse is worth $8 trillion in opportunity themselves.

Later on, in December 2021, Haim Israel, Bank of America’s strategist, added that the Metaverse is the place where cryptocurrency could be used. Their true potential will be revealed there and whether or not they can be used as currencies for transactions.

Cathie Wood, who happens to be the CEO at Ark Investment Management, also said that the Metaverse will be a multi-trillion-dollar ordeal. Nike has also started preparing NFTs to be sold in the Metaverse where people can wear them on a daily basis. They will act as addons for your customized character, and you will be able to look how you want.

If you have been planning on becoming an early adopter of these new-age technologies, right now is the best time to do so. Metaverse and the DeFi tech combined will give you an alternate world where you can be whoever you want and start from scratch.

Cryptured Team
Cryptured Team
The writers team at Cryptured.com is composed of passionate and experienced journalists who cover the latest developments in the crypto and blockchain space. They aim to provide accurate, unbiased and easy-to-understand news and information for their readers, as well as insights and analysis from industry experts. The writers team is always on the lookout for new and exciting stories that can help the general public learn more about the potential and challenges of these technologies.
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