While the 2022 bear market dampened enthusiasm for emerging crypto sub-ecosystems like nonfungible tokens (NFTs), the metaverse remains well-positioned for long-term disruption. According to McKinsey & Company research, the technology has the potential to produce up to $5 trillion in value by 2030.
Related post: Global metaverse in fashion market is set to grow by $6.6 bn during 2022-2026
The research emphasised the need for four technological enablers for the metaverse to attain its full potential: devices (augmented reality/virtual reality, sensors, haptics, and peripherals); interoperability and open standards; enabling platforms; and development tools. The success of the metaverse, on the other hand, is measured by a stronger emphasis on optimising the human experience in order to create excellent experiences for customers, end-users, and citizens. One-third of individuals polled by Dating.com are interested in online dating.
