Metaverse investments: Alternatives and dangers of the trillion-dollar VR market

The metaverse continues to develop, with business giants and upcoming gamers racing to grab a slice of the doubtless trillion-dollar pie. Near $2 billion was invested in blockchain-based metaverse offers in 2022, in line with Cointelegraph Analysis’s Enterprise Capital Database.

A 2022 report by McKinsey estimated the metaverse business to probably generate as much as $5 trillion in income by 2030, a quantity overtaken by Citi’s forecast of $8 trillion to $13 trillion. These estimations mirror important development from the worldwide metaverse market of $65.5 billion recorded in 2022. To appreciate these optimistic forecasts, the metaverse business would want to maintain a formidable 85% compound common development price.

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