Interoperability and seamless exchange between underlying blockchain technology are critical to ensure a frictionless user experience. The definition of what counts as money in the Open Metaverse is also likely to be very different from what counts as money in the real world today. Investment will be needed in areas such as compute, storage, network infrastructure, consumer hardware, and game development platforms. The content streaming environment of the Metaverse will likely require a computational efficiency improvement of over 1,000x today’s levels.

Using this broad definition, the total addressable market for the Metaverse could be between $8 trillion and $13 trillion by 2030, with total Metaverse users numbering around five billion.īut getting to that market level is going to require infrastructure investment. A device-agnostic Metaverse would be accessible via personal computers, game consoles, and smartphones, resulting in a large ecosystem. Users should increasingly be able to access a host of use cases, including commerce, art, media, advertising, healthcare, and social collaboration.

This “Open Metaverse” would be community-owned, community-governed, and a freely interoperable version that ensures privacy by design. But in the report that follows, we discuss the possibility that the Metaverse is moving towards becoming the next iteration of the internet, or Web3. Today, the most popular way to experience the Metaverse is via a video game played on a virtual reality (VR) headset.

Monity report