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Metaverse Market in Growing: Grayscale

The November research report from Grayscale focuses on the Metaverse. The company sums up to the Metaverse sector to grow to be a trillion-dollar revenue opportunity.

The Grayscale Investments had their November report come in on Wednesday. The details have the company’s “Meta Thesis” embedded in them; stepping into the upcoming applications of Metaverse like Decentraland over the past three decades.

The investment firm embarked upon the fact that as web-based technologies evolve, the time spent on the people would increase exponentially as well. Therefore, the increased devotion of time would thus increase the revenue as well. The report read:

As we spend more of our time in these digital world experiences, we also spend more of our money within these digital realms to build our social status within these online communities.

Grayscale also affirms that the revenue opportunities relay to other areas as well. Over the past month, the crypto space is growing and thrilling “across advertising, social commerce, digital events, hardware, and developer/creator monetization”.

More and more firms are diving into the metaverse space as it is prospering at a great pace. The leading blockchain gaming platform Enjin allocated $100 million to construct a Metaverse; while the existing virtual gaming projects Decentraland and The Sandbox have seen quite the surge in their tokens since the start of November.

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