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Metaverse Could Contribute $3 Trillion to Global GDP Within a Decade

Metaverse

The Metaverse is more than just a buzzword. In fact, this virtual-reality world, which has the ability to transform education, health care, manufacturing, job training, communications, entertainment, and retail, could become a tangible and valuable reality in the next decade. A new white paper from Analysis Group, in partnership with Meta Platforms, Inc. (NASDAQ:FB) says to achieve this, the Metaverse will need mass adoption, including broader use of VR headsets, deployment of AR glasses, and other technologies. As Meta’s Nick Clegg notes, it also means regulators have the time and space to institute new rules and frameworks for the evolving space. If the Metaverse evolves in the same way mobile technology has in terms of adoption, it would lead to a 2.8% contribution ($3 trillion) to global GDP by 2031. Besides Meta, NFT Technologies Inc. (NEO:NFT), Marathon Digital Holdings, Inc. (NASDAQ:MARA), Funko, Inc. (NASDAQ:FNKO), and Hall of Fame Resort & Entertainment Company (NASDAQ:HOFV) are working to build experiences and games for the Metaverse.

NFT Technologies Inc. (NEO:NFT) is the first technology company to bridge the gap between traditional capital markets and the emerging Web3 ecosystem including digital assets and the Metaverse. The company’s technology supports “play to earn” gaming, while its expert team advises individual and corporate creators and platforms and works with them to support the development of innovative IP.

On May 25, NFT Technologies announced that it will commence trading today on the Neo Exchange Inc. (the “NEO”), under the ticker symbol “NFT”.

“We are excited to welcome our new investors and be listing on the NEO. As a publicly traded company, NFT Tech will be able to accelerate its growth plans while continuing to contribute to the overall evolution of the NFT industry,” said Wayne Lloyd, the Executive Chairman of NFT Technologies“We look forward to building deeper connections with brands, their consumers and the cryptocurrency ecosystem at large as these communities are embracing all the ways NFTs can change the digital and physical world experience for the better.”

NFT Technologies has a portfolio of important projects. Among these, Portal Defi, a decentralized financial platform, blends the best of Bitcoin and Layer 2. AcknoLedger is a global consortium that maps, monetizes, and distributes Web 3.0 digital assets. NFTrade is the first cross-chain and blockchain-agnostic NFT platform.

NFT Tech has made strategic investments that includes the rights to legendary content including Ronaldo’s, Pele’s, and Ronaldinho’s first goals. The company has also invested in other NFT brands including Bloktopia, MetaMall, Sidus Heroes, RealFevr, Rare.Store, and several emerging P2E games. As well, social coins, NFT metaverses, gaming, and NFT marketplaces are other sectors in which NFT Tech has invested.

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