What is Metaverse Economy? - Metaverse Blog

Concept Metaverse Economy

What is Metaverse Economy?
What is Metaverse Economy?
Metaverse economy refers to the value assigned to virtual assets, driven by the perception of digital scarcity. Unlike the traditional financial economy, the metaverse economy relies purely on mimicry and is not constrained by actual scarcity it holds value because we collectively believe it does.

Impact of the metaverse economy on world

Some reports from Meta highlight the metaverse is impact on global economies. Here are some key points:

1- Global Impact: 
The metaverse, built on immersive technologies like augmented reality (AR) and virtual reality (VR), could contribute up to US$3.6 trillion per year in additional GDP by 2035.
2- Regional Insights:
- European Union (EU): VR and AR adoption is higher (10%) than in the US (9%). The metaverse is expected to contribute up to €489 billion to the EU’s GDP by 2035, with leading companies like Zara and BMW already exploring metaverse applications.
- United Kingdom (UK): The UK’s thriving VR ecosystem could see up to £75 billion in additional GDP annually by 2035 from the metaverse.
3- Businesses in the Metaverse:
Zara has launched clothing collections for both physical and digital avatars. BMW uses VR-based training systems and digital twins for more efficient factory planning.
In summary, the metaverse’s economic potential is vast, spanning education, gaming, wellness, and commerce. As it continues to evolve, evidence-based decisions will shape policies and investments across regions.
Location: United States

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