{"id":16162,"date":"2023-01-07T10:25:20","date_gmt":"2023-01-07T10:25:20","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/crypto\/metaverse-to-possibly-create-5t-in-value-by-2030-mckinsey-report\/"},"modified":"2023-01-07T10:25:22","modified_gmt":"2023-01-07T10:25:22","slug":"metaverse-to-possibly-create-5t-in-value-by-2030-mckinsey-report","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/crypto\/metaverse-to-possibly-create-5t-in-value-by-2030-mckinsey-report\/","title":{"rendered":"Metaverse to possibly create $5T in value by 2030: McKinsey report"},"content":{"rendered":"<div data-v-6ed77c39=\"\">\n<p>While the 2022 bear market grazed off the excitement around the budding crypto sub-ecosystems such as nonfungible tokens (NFTs), the Metaverse remains well-positioned for long-term disruption. Considering the myriad consumer and business-centric use cases the metaverse could cater to, a McKinsey &amp; Company report highlights the technology\u2019s potential to generate up to $5 trillion in value by 2030.<\/p>\n<p>For the Metaverse to reach its full potential, the report highlighted the need for four technology enablers \u2014 devices (AR\/VR, sensors, haptics, and peripherals), interoperability and open standards, facilitating platforms and development tools. However, the success of Metaverse is weighed by a greater focus on maximizing the human experience aimed at delivering positive experiences for consumers, end-users, and citizens.<\/p>\n<figure><figcaption style=\"text-align: center;\"><em>Metaverse impact by 2030. Source: McKinsey &amp; Company<\/em><\/figcaption><\/figure>\n<p>To date, metaverse initiatives around marketing, learning and virtual meetings have seen the highest adoption level across various industries. However, a majority of initiatives around Metaverse have seen low-medium adoption, according to an April 2022 survey on senior executives conducted by McKinsey.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/nftandcrypto-news.com\/wp-content\/uploads\/2023\/01\/25122914-c895-429a-bc53-51584863fdf0.png\" alt=\"\" title=\"\"\/><figcaption style=\"text-align: center;\"><em>Recommendations for Metaverse implementation. Source: McKinsey &amp; Company<\/em><\/figcaption><\/figure>\n<p>\u201cThe metaverse is simply too big to be ignored,\u201d read the report as it highlighted the impact it can have on commercial and personal lives. McKinsey estimated that over 50 percent of live events could be held in the metaverse by 2030, potentially generating up to $5 trillion in value.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>LG Electronics\u2019 latest partnership seeks to bring interoperable metaverse platforms to TVs<\/em><\/strong><\/p>\n<p>Metaverse is well positioned to host modern-day romantics, as one-third of surveyed singles showed interest in dating in the virtual world.\u00a0According to a recent survey conducted by Dating.com, an online matchmaking platform:<\/p>\n<blockquote><p>\u201cWith advancements in dating app technology and the metaverse, more daters are open to making connections that span different cities, countries and even continents.\u201d<\/p><\/blockquote>\n<p>With Metaverse in the picture, singles are open to dating people from different geographical locations. <\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>While the 2022 bear market grazed off the excitement around the budding crypto sub-ecosystems such as nonfungible tokens (NFTs), the Metaverse remains well-positioned for long-term disruption. Considering the myriad consumer and business-centric use cases the metaverse could cater to, a McKinsey &amp; Company report highlights the technology\u2019s potential to generate up to $5 trillion in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":16163,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"footnotes":""},"categories":[42],"tags":[],"class_list":["post-16162","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Metaverse to possibly create $5T in value by 2030: McKinsey report | NFT &amp; Crypto News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nftandcrypto-news.com\/crypto\/metaverse-to-possibly-create-5t-in-value-by-2030-mckinsey-report\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Metaverse to possibly create $5T in value by 2030: McKinsey report | NFT &amp; Crypto News\" \/>\n<meta property=\"og:description\" content=\"While the 2022 bear market grazed off the excitement around the budding crypto sub-ecosystems such as nonfungible tokens (NFTs), the Metaverse remains well-positioned for long-term disruption. 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