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Metaverse can contribute trillions of dollars in a decade

According to newly published research by experts from Analysis Group, the development of the metaverse (virtual universe) can have a strong impact on the economy. It is estimated that the virtual universe can contribute up to 1.7% ($440 billion) to the European economy within a decade.

If a series of metaverse technologies are applied from 2022, the virtual universe will quickly reach 2.8% of global GDP by 2031. Accordingly, the metaverse can contribute 3 trillion USD (2.8 trillion Euros). ) to global GDP within a decade.

Metaverse can contribute trillions of dollars in a decade - Photo 1.

This analysis is done by using previous successful technologies as a model. Then, based on the user acceptance rate and the impact on GDP, then apply it to the metaverse.

Similar to mobile technology, metaverse is expected to have profound social impact applications including: economy, education, healthcare, manufacturing, job training, communication, entertainment and retail.

The researchers cited mobile technology for its similarities to the metaverse. In particular, the combination of that development method with advanced technology is expected to change the global economic and technological landscape.

Although still in its infancy, the future metaverse is envisioned to include a vast network of digital spaces, enabled by other emerging technology such as augmented reality, virtual reality, or reality. mixed economy.

The analysis is based on the academic literature that studied the cycles of innovative technology, as well as publicly available data related to mobile technology adoption, to assess its impact.

In recent years, companies like Roblox, Nvidia, and Microsoft have been building virtual worlds using virtual or augmented reality technology.

However, many experts warn that rapidly evolving technology can bring potential harm, especially for issues like privacy, data hacking and some other health problems.

According to Euronews

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