In its June 2022 report, “Value Creation in the Metaverse,” McKinsey & Company stated that the metaverse “is shaping up to be the biggest new growth opportunity for several industries in the coming decade” which could generate “up to $5 trillion by 2030.”
“While estimates of the potential economic value of the metaverse vary widely, our bottom-up view of consumer and enterprise use cases suggests it may generate up to $5 trillion in impact by 2030—equivalent to the size of the world’s third-largest economy today, Japan,” the report reads.
As one of the fastest-growing trends and a revolutionary new “use” case for blockchain technology—that is not connected to the price of cryptocurrencies—the metaverse will shape the future in groundbreaking ways and foster economic opportunities with unimaginable potential. Already, according to McKinsey & Company, “59% of consumers are excited about transitioning their everyday activities to the metaverse.”
Additionally, the global management consulting firm reported that, in 2021, venture capital and private-equity funding into the metaverse reached $13 billion, yet already this year in 2022, investment into the metaverse space is more than double what it was in all of last year.
Yet for many investors, a giant question mark looms over the metaverse and its conversion of virtual assets (artwork, precious metals, real estate, collectibles…) that can be built, bought and sold, eliminating intermediaries and any territorial barriers.
Forbes Monaco is bringing together leading and pioneering crypto-industry experts, including C-Suite Executives from large corporations, for country’s first ever Forbes Monaco Metaverse & Technology Gala.
The VIP black-tie event at the Monaco Yacht Club, will take place on October 10 and include an exclusive panel discussing various topics in the crypto/blockchain ecosystem from NFTs to crypto-regulation and from DeFi and coin mining to the metaverse.
Dustin Plantholt, CEO of Lifeʼs Tough Media and renowned crypto guru, will act as moderator for the event.
Tickets and sponsorship information can be obtained at: email@example.com