The NFT and the metaverse made a lot of noise in 2021. Thanks to this great promotion, many metaverse-oriented crypto companies were invited to the Consumer Electronics Show (CES) which is held annually in Las Vegas. Concomitantly, the investment bank Goldman Sachs reaffirmed its belief in the opportunities of this sector.
For Goldman Sachs, the metaverse is an $8 trillion opportunity
On the occasion of a podcast entitled “Understanding the Metaverse and Web 3.0” from global investment bank Goldman Sachs, the firm’s analyst Eric Sheridan put the cards on the table. According to him, the market metaverse could potentially soon represent more than $8 trillion in terms of revenue and monetization.
The Goldman Sachs analyst went on to justify this estimate:
“We look at the digital economy which currently represents around 20-25% of the global economy. We see that the digital economy continues to grow (…) This is how we found results ranging from 2 trillion to 12 trillion dollars, and therefore we took the median of 8 trillion dollars. »
It should be noted that ofother investment banks international organizations have also expressed their views on the future of the metaverse. For example, last November the bank Morgan Stanley had already mentioned the amount of 8 trillion dollars with regard to the opportunities of this market.
In the aftermath, the CEO of Ark Investment, Cathie Wood, conceded that this market would represent several billion dollars. The future will tell if these estimates were close, or conversely, far from reality.
Finally, the crypto-asset manager Grayscale Investments remained within more reasonable orders of magnitude. According to its forecasts, the market for metaverse represents a business opportunity valued at 1 trillion dollars.
It is now the entire so-called “traditional” economy that is getting ready to take advantage of the potential of Bitcoin and cryptocurrencies. And you ? Don’t wait any longer for register on the benchmark crypto exchange FTX. A lifetime reduction in your trading fees awaits you thanks to the JDC affiliate link.