I think there is a profound and enduring beauty in simplicity; in clarity, in efficiency. True simplicity is derived from so much more than just the absence of clutter and ornamentation. It’s about bringing order to complexity.
The elements of a new digital age are converging at scale. The metaverse is the driving force bringing these elements together in a unified, immersive experience.
We are not here to suggest the metaverse, as we know it today, will take over all human interactions, but rather, to explore the many exciting opportunities it presents for consumers and brands alike. Whether it’s large tech players such as Microsoft planning to create realistic workspaces, or Ariana Grande holding a concert in Fortnite, the opportunities presented by interactive, digital worlds seem limitless. The metaverse will likely infiltrate every sector in some way in the coming years, with the market opportunity estimated at over $1 trillion in yearly revenues.6
As a result, we see companies of all shapes and sizes entering the metaverse in different ways, including household names like Walmart, Nike, Gap, Verizon, Hulu, PWC, Adidas, Atari and others.7 Business leaders and boardrooms around the world are now asking themselves, “What is my metaverse strategy? What am I supposed to be doing in the metaverse? What is the metaverse anyway?”
The metaverse offers opportunities to…
Transact
$54B
Every year, $54 billion is spent on virtual goods, almost double the amount spent buying music1
Socialize
60B
Approximately 60 billion messages are sent daily on Roblox2
Create
$80M
GDP for Second Life was about $650M in 2021 with nearly $80M USD paid to creators3
Own
$41B
Non-fungible tokens (NFTs) currently have a market cap of $41 billion4
Experience
200
200 strategic partnerships to date with The Sandbox, including Warner Music Group to launch a music-themed virtual world5
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Category: Tech
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