Metaverse is expected to reach $5 trillion mark by 2030
Global consulting firm McKinsey & Company has released “Value Creation in the Metaverse”, a report based on data from two surveys, covering 3,104 consumers across 11 countries and 448 companies in 15 industries.
According to the report, the value of metaverse could reach $5 trillion by 2030. In addition, 50% of live events can be held in the metaverse and internet users will spend about 6 hours a day in the virtual space.