- As forecasted by international investment bank Goldman Sachs, metaverse could prove to be a $8 Trillion opportunity.
- Virtual economy appears to be around 20%, 25% of world economy, it is rapidly growing therewith, another virtual economy will grow alongside and within.
- As per some prominent individuals, metaverse appears to be a multi trillion boat, whereas some sees it as a buck Trili boat.
International investment bank Goldman Sachs have forecasted that metaverse could prove to be a $8 trillion boat. Several other entities also believes the same, and think of it as a multi-trillion opportunity.
$8 Trillion Opportunity
Metaverse never stops luring attention of more prominent players, recent list of such players include Goldman Sachs, an international investment bank. It believes and made prediction that Metaverse could be holding a massive potential in it, and prove to be a $ 8 Trillion opportunity. Eric Sheridan, an analyst in Goldman Sachs, elaborated that it’s forecast regarding metaverse lately in an episode of Exchanges at Goldman Sachs.
Individual was questioned regarding metaverse’s evolution ahead and how giant this chance could be. In response, he said that it might be as large as $8 Trillion opportunity in terms of revenue as well as financial side.
Digital economy nowadays is more or less around 20%-25% in worldwide economy. This economy is proliferating, and in addition another virtual economy will evolve alongside and within this digital economy.
That’s the reason they generated numerous outcomes from nearly $2 Trillion to $12 Trillion, with $8 Trillion in middle of all potential outcomes.
What Other Thinks
Numerous individuals make estimates regarding metaverse’s potential immensity. Contending investment bank Morgan Stanley alike Goldman Sachs, forecasted in November 2021, that metaverse might prove to be $8 Trillion boat to sail.
In December 2021, Haim Israel, strategist of multinational investment bank, Bank of America, said that metaverse is a behemoth opportunity, where digital assets might be utilized broadly as currencies. He stressed on his perspective that it’s a really huge opportunity.
Meanwhile, ARK Investment Management CEO, Cathie Wood thinks of it as a multi trillion dollar market, and Grayscale’s crypto assets manager stated that metaverse is a buck Trili opportunity.
What Future Holds for Metaverse?
Well, metaverse is really growing at an incredible pace, I won’t argue that. Many prominent entities are impressed with it, as it suits the bill according to their need. Adidas, Nike, Snoop Dogg, etc., are just a few names to say who have entered metaverse.
For me, core feature of metaverse is that, it provides a similar world we live in through a click of a device, while we sit at home. It doesn’t matter where people are located, they’ll remain linked with each other, especially the remote workers who are challenging to track.
Employee meetings can be organized without actually gathering into workplace.
Another noteworthy importance there is that it would prove cost-effective to organizations, and increase profitability, as they do not need to provide systems or devices to separate employees.
Finally, metaverse is still developing, I hope to see the concept come to life as soon as possible.