![Metaverse economy to hit $13 Trillion by 2030 Metaverse economy to hit $13 Trillion by 2030](https://varindia.com/storage/news/uploads/2018/02/624c38f8ac2fa.jpg)
According to a new report, the Metaverse economy could be worth up to $13 trillion by 2030. The report looks at everything, from in-game tokens, to crypto, stablecoins, CBDCs and fiat currency.
The report estimates that a device-agnostic Metaverse that involves use cases such as commerce, art, media, advertising, healthcare and social collaboration could see a total transportable market of between $8 trillion and $13 trillion by 2030.
In addition, the report states that interoperability and seamless exchange between underlying blockchain technology are critical to ensure a frictionless user experience.
Since Facebook rebranded as Meta last year, the concept of the Metaverse has taken a huge pace, with firms, including many in financial services, scrambling to understand how the impending move to a more virtual world will impact the economy and their business.
The report stated: “Interoperability and seamless exchange between underlying blockchain technology are critical to ensure a frictionless user experience. Different forms of cryptocurrency are expected to dominate, but given the multi-chain trend in the crypto ecosystem, cryptocurrency will likely coexist with fiat currencies, central bank digital currencies (CBDCs), and stablecoins.”
The report authors said, “We expect the Metaverse of the future would encompass existing forms of money and also a set of digitally-native primitives, tied to non-fungible tokens (NFTs) and other tokens, that were out-of-scope for a pre-blockchain virtual world.”
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