Global Metaverse Market Analysis Report 2022: Metaverse Digital Asset Global Metaverse Market Report 2022-2026: NFTs and Online Events are Benefiting from capital advantages, they can expand their Metaverse reach through investment or M&A in areas not yet covered by their own businesses. The Metaverse market in the U.S. is estimated at US$58.5 Billion in the year 2021. Accordingly, many companies have already committed billions of dollars to the Metaverse. Digital content, the creation of virtual objects or spaces using digital twins, real-time rendering, and 3D engines. The Worldwide Aircraft Tires Industry is Projected to Reach $1.6 Metaverse digital asset marketplaces will be a, Blockchain solutions in support of the Metaverse will reach, Virtual reality in the Metaverse will represent a, User-generated content and social media within the Metaverse will reach, Financial services in support of various forms of Metaverse commerce will reach nearly. The drastic decrease might be caused . At the same time, X-Metaverse will improve its product capability, focus on the three core elements of technology, gameplay and story, and explore more possibilities of game evolution. The small Polynesian island country of Tuvalu has announced it will leverage the use of the metaverse to recreate a digital version of itself in response to rising sea levels. Innovation, Science & Technology as a Service, Telecommunications, Media & Entertainment, Future in the balance? Census Bureaus American Community Survey to reflect the demographic composition of the US population in that age range. Metaverse: Seminar Report (PDF) and PPT | Thesis Topics On October 17th Soulja Boy, Dillon Francis and Ozzy Osbourne will take part in the second edition of the Metaverse Music Festival in Decentraland from November 10th to 13th due to the cancellation of their offline tour, with more than 100 artists reported to have participated. Metaverse industry report 2022 from GamesPad | App Developer Magazine The Metaverse will represent an interchange between the physical. To put that in context, there are at least 200 times as many creators designing clothing and accessories on Roblox as the estimated number of fashion designers creating physical collections in the United States. 3. We conducted extensive research, drawing both from our own platform as well as survey responses. Deloitte China launches the report of The Metaverse Overview: Vision, Technology, . This section analyzes these industry giants and provides an overview of their Metaverse layouts. Blockchain solutions in support of the Metaverse will reach $148.6 billion by 2027 . This immersive experience involves the exploration of 3D virtual worlds where people can socialize, [] The picture below is a pie chart of the Total Virtual Land Sales Proportion of the eight Metaverse platforms in October. In 2022 alone, more than 11.5 million creators designed over 62 million virtual clothing and accessory items on Roblox. SpaceShip and Pilot staking renewed with a new total prize pool of 862k XMETA. Decentral Games and @GITEX_GLOBAL launch scavenger hunt in Decentraland. Diverse options for avatar customization are important for the majority of community members who can easily customize on Roblox to be whoever they want to be. In line with modern digital charity policies, the Czech cultural institution has decided to launch its first NFT. The Sandbox will distribute 2.6 million SANDs to landowners on the Polygon network. In the first five months of 2022, the value of metaverse investments has already reached approximately $95-$105 billion. These include the main Metaverse coin projects of SAND, MANA, and AXS. Improbable, the development company behind Yuga Labs metaverse, Otherside, will raise $111 million (100 million) in a new round of funding, Decrypt reported on October 3. 5.4. On October 13, Otherside officially announced that its Twitter account has been restored to normal use with the help of the Twitter team. The series has amassed 18k ETH in trading volume since its debut on OpenSea. 4.5. and the arts. The Sandbox updates the Alpha Season 3 leaderboard. Download the full report for insights on: . With the sharp drop in Metaverse-related stock prices in 2022, excessive enthusiasm of capital market has since started to subside, and people now view the Metaverse opportunity more rationally. The five major Metaverse bottlenecks at this stage are: Portability of access to the virtual world, Rules of governance in the virtual world, Industrial Metaverse applications, Information security and privacy, and Energy supply. The Germany Social Media & the Metaverse Market Report 2022 identifies consumers' attitudes towards purchases from social media platforms, the impact of the pandemic, the conflict in Ukraine, and the cost-of-living crisis on ecommerce advertising, and possibility for innovation using AR/VR. It will affect virtually every industry vertical in many ways including enhancing social media experience, improvising business communication and optimizing overall productivity, creating immersive experience across sales and marketing, revolutionizing online education, creating futuristic blockchain applications, and ultimately becoming the future of the Internet. The country currently accounts for a 41.2% share in the global market. we built an optimal platform for Space Battleship NFT using blockchain and NFT technology to create Space Jump play mode, a new way to play, where people can buy, trade and race digital collectible space battleships on. Dressing their avatars allows consumers to express their individuality (47%) and feel good about themselves (43%), but also to show off their digital collection and feel more connected to peers in both the digital and physical worlds. Metaverse and Money - CitiGPS They had just entered a nascent military metaverse called the Combined Augmented Reality Battlespace Operation Network (CARBON). 3. Source: GamesPad Metaverse Report 2022 Music and entertainment. Technically, a metaverse is a collective virtual shared space, created by the convergence of virtually enhanced physical and digital reality. of Gen Z said their avatars dress at least somewhat like their IRL style, with equally as many. The report includes qualitative and quantitative analysis of the Metaverse market and related segments from 2022 to 2027. In our survey, theyve noted the importance of having a full range of skin tones (said 70%) and a full range of body sizes (64%), along with a full range of hair colors, textures and styles (70%). according to the 2022 perceptions of the metaverse report released today from sitecore, a global leader in end-to-end digital experience software, nearly half of all u.s. consumers (42%) say they're metaverse enthusiasts and when it comes to experiencing these digital environments, they're most excited about the opportunity to attend virtual All game contents and characters are based on Blockchain tokens and NFTs. Photo Credit: Pixabay. Global logistics giant UPS launches Metaverse store in Decentraland. Perhaps immersive games, social spaces and work tools will merge into a coherent industry sector at that point, which perhaps we'll still call 'metaverse.'" The Next Chapter of Teaching and Learning on Roblox, Iconic fashion brands have established presences here on Roblox by partnering with our creator community, and the rollout of, our new technology powering hyper-realistic 3D clothing has once again raised the bar for what our creators are able to make. 1 Introduction. Meta 's huge bet on the metaverse may have put the company in dire . Transferred XMETA tokens to DAO Vault, as of October 31th, the DAO Vault balance is 974,846.528 XMETA. From the monthly sales histogram, it can be seen that the overall sales of the Metaverse section continued to decline in June, July . Banco Santander and BBVA indirectly made their debut in the Decentraland metaverse in February 2022 as joint . From the monthly sales histogram, it can be seen that the overall sales of the Metaverse section continued to decline in June, July, August, September, and October 2022, and Otherside (yellow) accounted for the largest proportion. To put that in context, there are at least, designing clothing and accessories on Roblox as the estimated number of fashion designers creating physical collections in the United States, creating digital fashion and immersive experiences for Roblox (or integrating with existing popular experiences on the platform) including, The vast majority of Gen Z who are active on Roblox said in our survey that they have customized their avatars, with, Just like in the physical world, people tend to connect with and react to others around them based on the way they look and dress, which can have a profound impact on their self-confidence and relationships. This challenge can be addressed by new technology like Layered Clothing, a new feature thats been embraced by both our community creators and users. 2. The global metaverse market revenue crossed $58.5 billion in 2021, and it is expected to advance at a CAGR of 43.7% during 2021-2030, to reach $1,525.7 billion by 2030. Many mainstream big-name companies, especially tech giants, have already started exploring and heavily investing in the metaverse, which highlights the potential possibilities businesses have within a broad number of current business sectors. Page number. Metaverse Trends to Follow in 2022 - CPU Report 1.1 Objective of the Study. Global Metaverse Market Research Report 2022-2027 with Company Analysis The total sales of virtual land in the Metaverse continued to decline in October, down 30% compared to September. 6.9. Metaverse Real Estate Index MREI (Metaverse Real Estate Index) is an index used to measure the price of Metaverse virtual real estate. The development of the Metaverse are currently in the agrarian age when primary applications are spreading rapidly and a huge amount of new enterprises and services are emerging. The Future of Business in the Metaverse: Research Report 2022 by This report assesses the market opportunity for Metaverse vendors and ancillary services providers including infrastructure, devices, software, and supporting services. Otherside will be available in beta in 2023. And Sandbox is another blockchain-based gaming platform that uses SAND coins. From October 27th to November 9th, The Sandbox players will be able to travel through the Gucci Vault Land, experience the magic of Guccis experimental concept store, complete missions to earn the Gucci Vault Box, and win SANDs and exclusive NFTs. The average sales price of virtual land on the eight Metaverse platforms showed different trends: From the monthly average price fluctuation chart of virtual land on the Metaverse platform, it can be seen that the average price of virtual land in the USD and ETH dimensions shows similar volatility. 3. The expansion of the perception of game value will push the game industry to explore the new boundaries of games and open up a new imagination. On October 02, Otherside announced on its Twitter account the release of Flappy Koda, the first community-made @OthersideMeta mini-game. 36% of global private investment in Metaverse is in interactive With the shift towards web 3.0 and metaverse-based projects, in this guide we take a closer look at the 7 best metaverse crypto coins to invest in this year. Somnium Space conducts a new round of promotions. X-Metaverse is a blockchain 3D game that runs on Android, IOS and PC. Metaverse Market In Travel And Tourism Industry Scope. Deloitte China launches the report of The Metaverse Overview: Vision, Technology, and Tactics to discuss the development vision of the Metaverse, analyze current stage of Metaverse technologies and cases, build the framework of the Metaverse industry, and explore how companies should respond to Metaverse opportunity. Metaverse reportFuture is here - Deloitte China As we look forward to the near future, we expect the next generation of fashion designers and brands to be deeply immersed in digital fashion, dressing avatars, designing 3D digital versions of their collections and creating metaverse-exclusive items. The sample has been balanced for gender using the. Over 1 in 4 say theyve spent anywhere from $20 to over $100 on a single virtual item. Czech National Theatre issued its first NFT in partnership with Somnium Space. 6.8. It thinks the market could be worth up to $5 trillion by 2030. DTTL and each member firms are legally separate and independent entities. Metaverse Post introduces a fundraising report for October 2022 that focuses on tech companies specializing in Web3, Metaverse, gaming, and more. Meanwhile, we also held 2 successful AMAs in October in conjunction with Mones and Port3 Network respectively. 3.1. The global COVID-19 pandemic has been unprecedented and staggering, with metaverse experiencing higher-than-anticipated . In Q3 2022, gaming activity accounted for almost half of all blockchain activity tracked by DappRadar on the 50 blockchain networks, with 912,000 Unique Active Wallets (UAW) per day interacting with the games smart contracts in September. The report includes qualitative and quantitative analysis of the Metaverse market and related segments from 2022 to 2027. As of October 31th. Celebrate Thanksgiving with Lt. Gobbles! Do not delete! Metaverse Monthly Report: October 2022 | by OneLand | Nov, 2022 On October 10th, Decentral Games and @GITEX_GLOBAL announced their new scavenger hunt game called X-Verse Scavenger Hunt in Decentraland. Long before the vast potential of digital fashion captured the attention of media and brands, our community members were designing, sharing, and wearing their own avatar fashion creations. Players will be immersed in the vast expanse of space, spending time cultivating different races, Upgrading ships, reaching more galaxies and collecting rare materials. Follow us on social media to keep up with our latest events! NFT Sales Volume by blockchain October 2022: On Oct 19, Cardano made its way into the top 3 of NFT blockchains after transactions soared 40% and volume 132% in 24 hours, with $968,000 traded in NFTs. collection helped ensure shoppers could quickly (and literally) get dolled up for their metaverse adventures, and the Y2K trend has been peaking on Roblox, with total purchases of Y2K-labeled items surpassing. He noted that GameFi will be the entry point to Metaverse and introduce people to digital ownership., 6.6. Additional survey content for Pro users: How many Gen Z and Millennials have bought / are interested in buying NFTs, cryptocurrency, and digital land, how . Metaverse NFT Market 2022: international Key Players, Trends, Share The Metaverse will experience a long-term development to maturity in the future with potentially significant risks related to addiction, privacy, intellectual property, economics, oligopoly, and governance. At the . The timings are: 9:00 AM CET12:00 AM PT, 10:00 PM CET 4:00 PM ET, and a Somnium team member will be present during each meetup. Moreover, the emergence of metaverse-focused companies around the world . More than a consumer virtual reality solution, Metaverse will transform a substantial number of functional elements within enterprise and industrial segments including sales, marketing, and business operations. On October 4th, according to ledgerinsights, UPS, one of the worlds largest shipping and parcel supply service companies, officially joined the Metaverse and opened a virtual store in Decentraland, aiming to provide services for small and medium-sized enterprises in the virtual world. Decentraland hosts the second Metaverse Music Festival, which will start this November. UPS applied for the Metaverse and NFT trademarks as early as April this year, hoping to protect brand IP in related fields. It is reported that Meebits is the 19th NFT collection added by The Sandbox. Virtual worlds and immersive online spaces will continue to develop in significance, but 500 million people won't be living in 'the metaverse' in any more meaningful way in 2040 than 2022. 3.5. On October 07th, De La Salle University of the Philippines (one of the top four universities in the Philippines) partnered with Digital Asset Exchange (PDAX) and Yield Guild Games Alerts (YGG Alerts) to hold the first De La Salle Interactive Entertainment and Game Innovation and Talent Expo (DigitX ), which will take place in Decentraland from October 3rd to October 9th. Soulja Boy, Ozzy Osbourne and Dillon Francis will be in Decentraland for the Metaverse Festival. The MATIC/SAND staking pool was launched at the end of 2021, and as of now, 12.5 million SANDs have been allocated to The Sandbox community through the MATIC/SAND pool. "Metaverse can be defined as virtual environment where you can present yourself with people . And there will be a purer and more complete circulation and interaction of value between the value itself and the consumers the game and the players which in turn will drive further prosperity for the entire gaming industry. These creators dress millions of people all over the world and impact how they express themselves both in the digital and physical worlds. 3.2. On October 26, the LandVault CEO said he sees great interest in Dubai and GCC countries in creating digital twins of their real estate in order to provide residents with real utility, while also setting off a new wave of digital tourism. Metaverse Data Analysis and Content Navigation. Global Metaverse Market Research Report 2022 - Business Wire say theyve spent anywhere from $20 to over $100 on a single virtual item. Multiverse Labs launches government-backed metaverse city in UAE. From the MREI indicator and the fluctuation trend chart of ETH, we can see that the trend of the MREI index and the price of ETH continued to maintain a negative correlation in October, indicating that the correlation between the metaverse and the crypto market is weakening. Seven in ten consider inclusivity in digital clothing designs to be very or extremely important. On October 7th, Somnium Space announced on Twitter the addition of a VR flight mode that users can use to fly around in Somnium Space. The impact of the metaverse to GDP in Asia could be between $0.8 and 1.4 trillion per year by 2035, said a new Deloitte report. In October, Web3 companies raised a total of $626.72 million. This is the first report of the metaverse series, with focus on the XR industry trends and discusses the investment opportunities in XR market from the perspective of market demand and development. 6.1. To obtain the most recent consumer insight data, Roblox, in collaboration with the Parsons School of Design, commissioned a poll from Momentive (makers of the SurveyMonkey platform) fielded September 19-21, 2022, among 1,000 people ages 14 to 24, living in the United States. Meta Connect unveils Quest Pro headset. Metaverse Market Size & Share Forecast [2022-2029] The Metaverse Overview - Vision, Technology, and Tactics | Deloitte Meebit holders can now add their own pixel characters to The Sandbox and join The Sandbox Alpha Season 3. How countries are pursuing an AI advantage. X-Metaverses vision is to create an integrated gaming ecosystem platform through the development of gaming technology and blockchain technology. Established metaverse projects including The Sandbox, Decentraland and Voxels suffered less from the market crash, indicating the strength of their communities and economies. Paris Hilton-backed Web3 company plans to offer virtual real estate games for adults, 6.7. On October 10, XMETA completed the 3rd token burning, the total amount of destruction was 629,717.38 XMETA, the destruction mechanism is conducive to the healthy development of X-Metaverse economic ecology, we are establishing and improving a long-term relevant measures for the benefit of the game ecology. Love podcasts or audiobooks? users on Roblox have already acquired both free and paid items community-created Layered Clothing items. Apple to build a metaverse-like mixed-reality world: Report from a thousand Gen Z members who are active on Roblox and closely familiar with digital fashion. 2021. On October 20th, NFT Factory, an early hub for Web3 and #NFTs and a new space dedicated to NFT art and Web3 education, opened NFT opposite Centre Pompidou in Paris. Jun 28 2022. Metaverse Popularity and Demand Defies Crypto Bear Market: Report Three: It runs on cryptocurrency. The virtual city will support local tourism and potentially create new Virtual world jobs, in line with efforts announced earlier this year by neighboring Dubai. For simplicity's sake, think of a metaverse as the next iteration of the internet, which started as individual bulletin boards and independent online destinations. They said the goal is to provide a place for movie lovers to play, experience, and socialize. The Metaverse will fundamentally reshape people's productivity, lives, and social relationships, in time creating a new world. Decentralands October traffic was 850,000, September was 807,000, and August was 821,000 (July was 843,000), a 5.5% increase in traffic compared to September, which makes sense given Decentralands recent series of activities. Crypto markets may have been battered by the bears this year, but metaverse and related projects seem to be holding up in the storm. XMETA token burning (expected to take it on the beginning of each month), October to be destroyed: 186,247.86 XMETA (market transaction fee*50% + total in-game XMETA consumption*20% + total space battleship retrofit*50%), Cumulative total token burning: 23,066,925.78 XMETA (as of October 10, 2022), The new total supply: 876,933,074.22 XMETA (as of October 10, 2022). On October 26th, The Sandbox Greater China studios hosted the 2022 Shanghai WEB3 Maker Festival. 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