No one knows for sure how the metaverse will evolve. However, it already has an undeniable presence in our lives, mostly visible through initiatives like NFTs, social gaming, online concerts attended by avatars, and other virtual elements or immersive experiences. The metaverse is as much about human behavior as it is about technology. And it is all set to transform the way we, as humans, collaborate, consume, socialize, and live.
Estimates of the value and potential of the metaverse vary, but a recent market research report from Fortune put its market size at over $100 billion in 2022, predicting that it will grow to more than $1,500 billion by 2029.