Growth of Metaverse

According to a report by PwC, a global consulting firm, the market outlook of the metaverse, including AR and VR, is expected to continually grow and reach about US$ 1,500 billion by 2030.

Here are a few examples that can backup predictions of the metaverse market growth.

Despite all performances and concerts have been canceled in the global pandemic, Travis Scott, an American Singer, decided to hold a concert in Fortnite, an online battle royal genre game.

The concert was success, and albeit the paid performance, it was recorded that 12 million spectators (users in the game) attended.

In another metaverse platform called “ZEPETO”, held an autograph event with K-pop girl group Blackpink, and 40 million fans attended. Blackpink also performed their latest album with their avatars in that space.

Since the above figure of audience and participants are physically impossible in the real world, all global companies are paying attention to the future of Metaverse.

Roblox, one of the representative metaverse games, was listed on the New York Exchange on March 11th, 2021, and it is reported that there are 2 million developers who use ‘Roblox Studio’ to create mini-games on the platform.

As of July 2021, “Fortnite” has 350 million users, “Zepeto” has 200 million users and “Roblox” has 150 million users from countless countries.

Metaverse is the most popular platform in the future business, just like when the internet was born.