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Supporting a Metaverse that Improves the Real World
What is the Metaverse and
why does it matter?
[us_iconbox size=”60px” title=”72%” alignment=”left” img=”48″ css=”%7B%22default%22%3A%7B%22padding-left%22%3A%2220px%22%2C%22padding-top%22%3A%2220px%22%2C%22padding-bottom%22%3A%2220px%22%2C%22padding-right%22%3A%2220px%22%7D%7D”]Of consumers worldwide think the metaverse will be the “next big thing”
The Metaverse is the next phase of the internet. It is an ecosystem of next- generation technologies in areas such as 6G mobile telephony, Quantum computing, Artificial Intelligence, Cloud Computing, cyber-security, semiconductor chips, gaming, Augmented Reality, Mixed Reality, Digital Twins, Neurochip etc.
Wunderman Thompson: ‘New Realities: Into the Metaverse and Beyond’[/us_iconbox]
[us_iconbox size=”60px” title=”$8-13 trillion” alignment=”left” img=”47″ css=”%7B%22default%22%3A%7B%22padding-left%22%3A%2220px%22%2C%22padding-top%22%3A%2220px%22%2C%22padding-bottom%22%3A%2220px%22%2C%22padding-right%22%3A%2220px%22%7D%7D”]Metaverse market size by 2030
The Metaverse cannot replace face-to-face interaction in the real world. But it can open up more opportunities for people around the world to remotely interact with each other in more immersive and intuitive ways. This is especially true after the COVID-19 pandemic.
Citi: ‘Metaverse and Money Decrypting the Future’[/us_iconbox]
[us_iconbox size=”60px” title=”$1 billion” alignment=”left” img=”46″ css=”%7B%22default%22%3A%7B%22padding-left%22%3A%2220px%22%2C%22padding-top%22%3A%2220px%22%2C%22padding-bottom%22%3A%2220px%22%2C%22padding-right%22%3A%2220px%22%7D%7D”]Value of virtual land sales in the metaverse in 2022, double the previous year
The current global virtual goods market size is worth nearly $32 billion and according to Adroit Market Research, is poised to reach $189.76 billion by 2025. Which is six times growth over three years. McKinsey & Company reports that 79% of consumers active in the Metaverse have made a purchase.
CNBC: ‘Metaverse real estate sales top $500 million, and are projected to double this year’[/us_iconbox]
[us_iconbox size=”60px” title=”95%” alignment=”left” img=”49″ css=”%7B%22default%22%3A%7B%22padding-left%22%3A%2220px%22%2C%22padding-top%22%3A%2220px%22%2C%22padding-bottom%22%3A%2220px%22%2C%22padding-right%22%3A%2220px%22%7D%7D”]Of business leaders expect the metaverse to have a positive impact on their industry within five to 10 years
This is something that will significantly transform the daily life, work of everyone soon. It is important that we are making the best possible preparation for it and do not get left behind.
McKinsey& Company: ‘Value creation in the Metaverse’[/us_iconbox]
The Metaverse Institute
Supporting a Metaverse that Improves the Real World
The Metaverse Institute (MI) is made up of a group of leading pioneers and thought leaders in the Metaverse, artificial intelligence, and related technologies- the benefits of the Metaverse promise to deliver step changes in increased revenues alongside reducing cost, leading to effective and efficient profits.