McKinsey Report: Metaverse Might Create Five Trillion USD In Value By 2030

While last year’s bear market grazed off the excitement around the budding digital asset sub-ecosystems like non-fungible tokens, the Metaverse stays well-positioned for long-term disruption. Considering the innumerable consumer and business-centric use cases the metaverse might cater to, a McKinsey & Company report highlights the technology’s potential to generate up to five trillion dollars in value by 2030.

A recent survey on senior executives carried out by McKinsey highlighted the impact it can have on commercial and personal lives. The report mentioned,

“The metaverse is simply too big to be ignored.”

McKinsey estimated that more than fifty percent of live events might be held in the metaverse by 2030, potentially generating up to five trillion dollars in value.

Interestingly, Metaverse is well positioned to host modern-day romantics, as one-third of surveyed singles showed interest in dating in the virtual world. As per a recent survey conducted by Dating.com, an online matchmaking platform,

“With advancements in dating app technology and the metaverse, more daters are open to making connections that span different cities, countries and even continents.”

Notably, with Metaverse in the picture, singles are open to dating individuals from distinct geographical locations.