Citigroup Publishes Report Titled "Metaverse and Money, Unlocking the Future"

Metaverse economy will reach 13 trillion dollars… Metaverse, described as the most important invention of the digital world after the internet, continues its development with an increasing number of users. The concept, which emerged from the combination of the words Meta and Universe and means “Other Universe,” aims to create a paradigm of virtual universes. On the other hand, technological infrastructure investments, the listing of virtual currencies of Metaverse universes, the offering of NFT pieces for sale in Metaverse universes, and the increasing number of users contribute to the development of the Metaverse economy. 5 billion active users targeted In the 184-page report titled “Metaverse and Money, Unlocking the Future” published by US-based Citigroup, it is stated that the Metaverse economy will rise to 8 to 13 trillion dollars by 2030, and approximately 5 billion active users will take part in Metaverse universes. The report also states that the Metaverse world will go beyond gaming; it will also cover areas such as art, media, advertising, commerce, and health. 20% growth projected in 2022 According to another report published by Technavio in August 2022, the Metaverse economy is projected to reach a market value of 50.37 billion dollars by 2026. In the report titled “Metaverse Market in Finance by Component and Geography – Forecast and Analysis 2022-2026 ”, the impact of the Metaverse concept on various geographical regions was examined from two different perspectives: hardware and software. The projected growth rate of the Metaverse sector this year was 20.11%. Today's economy exceeds 21 billion dollars Metaverse, considered a significant investment opportunity by many users, has gained great momentum economically with investments from important brands such as Facebook, McDonalds, Disney, and Gucci. While today's Metaverse economy exceeds 21 billion dollars, experts state that the total valuation could reach 800 billion dollars in the next two years. Parcel prices are falling According to data provided by The Information, the average price per parcel of virtual lands offered in Metaverse projects lost more than 66% of its value in the first half of 2022. On the other hand, it is also stated that the monthly transaction volumes of real estate on 6 major Metaverse platforms have decreased. The Information's data reveals that transaction volumes have decreased by 90% in the last 6 months.   This article is quoted.