The Metaverse, consecrated by many as the future of the web.3, is part of those most exciting areas that currently drive some of the most interesting innovations in the Blockchain space and beyond.
These are virtual shared spaces, which everyone can access, also using virtual reality (VR) or augmented reality (AR) devices, already well known in the crypto sector, thanks to some similar projects based on Blockchain.
Not only that, even the corporate giants of the caliber of Meta Platform, Inc (formerly Facebook), or technology such as Roblox, Microsoft, Sony, Amazon and Nvidia have already taken to the field to bet on this universe.
It was reported on January 18, 2022, that Microsoft Corp. made one of the largest takeover bids, amounting to $68.7 billion for Activision Blizzard Inc., one of the leading gaming companies which produces a range of famous video game franchises, From Call of Duty to Candy Crush Saga.
Satya Nadella, Microsoft Chief Executive Officer, explained: “As the digital and physical worlds come together, [gaming] will play a critical role in the development of metaverse platforms”.
The estimates on investments in the metaverse speak for themselves!
As we said before, according to analyses by Bloomberg Intelligence, the Metaverse market could be worth 800 billion dollars in 2024 against about 500 billion dollars in 2020.
Specifically, the primary Metaverse market is the gaming industry, with a projected growth of $412.9 billion in 2024 against $274.9 billion in 2020.
Live entertainment activities that can become part of the Metaverse concept – movies, live music and sports – could also exceed 200 billion dollars in 2024.
Predictions with astonishing numbers that, however, are already a reality today. In fact, we can easily set up a ranking of the top 10 Metaverse projects developed on Blockchain, famous for using both fungible tokens and those that have now become the explosive trend of 2021: the Non-fungible Token or NFTs.