Goldman Sachs, the global investment bank, has forecast that the metaverse might represent a $8 trillion potential. Others have claimed that the metaverse will be a multi-trillion dollar market.
According to Goldman Sachs, the metaverse might represent a $8 trillion potential. Similarly, Morgan Stanley predicted the same figure in November of last year.
Goldman Sachs, a global investment bank, has forecast that the metaverse might represent a $8 trillion potential. In a recent episode of “Exchanges at Goldman Sachs,” titled “Understanding the Web 3.0,” Eric Sheridan, an analyst at Goldman Sachs, explained the bank’s prognosis about the metaverse.
“A $8 trillion opportunity”.
Furthermore, he got several questions on the future evolution of the metaverse and the enormity of the possible opportunity. The analyst responded, saying; “In terms of revenue and monetization, we believe it might be a $8 trillion opportunity.”
“We look at the digital economy today, which accounts for approximately 20 to 25% of the global economy…. We see the digital economy expanding further, and we also see a virtual economy expanding within and alongside the digital economy “the expert explained.
Moreover, he stressed: “That’s how we came up with values ranging from $2 trillion to $12 trillion, with $8 trillion serving as the middle of all possible results,”.
The possible size of the metaverse has been estimated by several firms. Morgan Stanley, a competitor investment bank, forecast in November last year that it offered a $8 trillion market opportunity.
Bank of America strategist Haim Israel stated in December that the metaverse is a tremendous opportunity where crypto-currencies would be widely used as currency. “I’m confident that this is a big, massive opportunity,” he stated emphatically.
Cathie Wood, CEO of Ark Investment Management, predicted a multibillion-dollar market for the digital realm. Similarly, Grayscale Investments, a crypto asset management, predicted a $1 trillion economic opportunity.
Elvantis unveils a metaverse NFT game with monetization features
Elvantis has revealed plans to build a metaverse-inspired online NFT game with endless art for players and NFT aficionados. The game ecosystem blends the best features of gaming with the addicting excitement of collecting digital valuables.
Players can explore a metaverse centered on a gripping story and collect NFT to add to their collection. They can then utilize their treasures to increase the strength of their avatars. Or exchange them for cryptocurrency on the Intergalactic Marketplace.
The game, inspired by the metaverse, offers unique characters and stories. As well as cutting-edge graphics and animations, with the goal of providing a joyful digital experience. The site will have a plethora of interesting mini-games and features that will allow users to mix talent, luck, and investment to expand their NFT collections and crypto revenues.
The official launch of the ELV token, as well as the sale of NFTs, is planned for early February 2022. The presale of ULTRAGLOW, a rare and highly sought-after Xspace NFT, will begin on February 1 at 23:00 UTC. The Lands presale will begin on February 2nd, just a few days later.
Then, on February 4, investors will be invited to participate in the public token sale. Participants will be able to buy and claim up to 100% of their VLE and NTF tokens at this event.
Following the conclusion of the pre-sale events, the team will provide liquidity to Pancakesawp and publish the date for registration and market opening on other exchanges.
Users can traverse the digital universe as a bounty hunter in search of the finest Alien. Players can unearth intergalactic treasure chests containing uncommon and valuable goods while traveling through space.
Rare NFT holders can exchange their items for cryptocurrency or use them to outfit their avatars with the gear they need to explore the cosmos. The more a player travels into space, the more probable it is that they may come across the rarest and most precious things in chests and adventures.
Bounty hunters can also acquire equipment and talents that improve their Alien’s ability to explore and gain access to rarer things that give higher crypto prizes. Elvantis users can also improve their revenue by setting up a farm that allows their NFTs to grow passively.
T-Series announces partnership with Hungama for its NFT launch
T-Series has collaborated with Hefty Entertainment, a division of Hungama Digital Media to put in place some digital art pieces and Non-fungible tokens(NFTs) for some of their movies.
The two entertainment industry behemoths have collaborated on some of the best films, albums, videos, and games. They are optimistic enough to continue the process as the initial movers in the sphere.
Both companies are in the process of making the digital arts for their first NFT drop
Both companies are in the midst of creating digital arts for their debut NFT release. Vector digital creative arts from Akshay Kumar’s Bhoolbhulaiyaa. Certain graphics from Aashiqui 2, and a forthcoming film ‘Radhe Shyam’ would be among them.
“We look forward to extending and enhancing the value of our content that leads to further and rapid expansions of the global digital entertainment industry,” said Bhushan Kumar, T-Series’ CMD.
Hungama will create NFTs, “money can’t purchase experiences”. Moreover rare collectibles as part of the partnership, as well as release exclusive scenes or moments from T-Series’ existing or new material.
“We are happy to be first movers into the metaverse of entertainment,” stated Hungama founder Neeraj Roy. “We look forward to reimagining content with our web 3.0 project as we uncover new ways to cooperate. In addition communicate with fans,” he continued.
Hungama claims to have 90 million monthly audiences spanning gaming, video, and music, whereas YouTube claims to have the world’s greatest fanbase (395 million).
The two giants are going to leverage their extensive distribution network globally
The two entertainment behemoths in India will take advantage of their huge global distribution networks. They have a combined library of more than 2 lakh songs, 65000 music videos, 150 movies in multiple Indian languages, and much more.
Both companies will undoubtedly capitalize on the large fan base they have amassed over the last few decades.
This duo’s partnership has already generated a lot of talk. People expect the same level of efficiency in the creation of digital arts as they do in the creation of all other forms of art. Furthermore, NFTs have established themselves in a variety of industries; nonetheless, the alliance will give them a head start in India’s entertainment sector.
The Hefty metaverse will be built with the goal of engaging audiences in a more expressive manner. T-Series and Hungama are both working on bringing customers into the metaverse.
Fish Finance releases a NFT monetization platform
Fish Finance, a MetaVerse and NFT platform, has announced the launch of a new platform that allows users to make revenue and monetize NFTs. GameFi, GameFi Enterprises, Blockchain Audit, and GameFi Launchpad are all part of the Fish Finance ecosystem. It allows users to participate in fish racing on the MetaVerse. Fish Finance will be the first GameFi powered by Binance Smart Chain, Avalanche, and Lucky Network.
The game mechanics include a marketplace and a fishing rod used to catch fish. It is worth noting that it provides everyone with six different methods to play the game and enjoy the platform. It is an open system in which anyone can play to win, predict to win, Hodl to win, make a referral, and become a team leader to earn incentives.
To participate or play the game, a player must purchase a fishing rod by hitting NFTs, according to the platform creator. The purchased fishing rod captures a fish of a specified rarity level based on the likelihood ratio. Players can choose whether or not to include a specific fish on their squad.
During the race, stamina is critical to ensuring that their fish wins; players can care for their fish by visiting a hospital or using a protein potion. In the Fish Finance marketplace, stamina can be purchased or cultivated.
A “guess to win” system, which acts as a ticket pool, provides users with the potential to gain rewards. It allows FiFi token users to receive a 10% bonus, while game champions might receive a 15% bonus. Furthermore, there is a return of cash for losers in the forecast as well as awards for good predictors.
The platform enables gamers to participate in NFT sales via Fish NFT – either by feeding or by playing the game. To get the FiFi token, play the game via Fish NFT in P2P or PvP. Players can also use the FiFi token to purchase a fishing rod, a protein piece, and a level portion to boost their Fish NFT. They can use this to play the game in P2P or PvP to obtain the FiFi token. Moreover, investors can use the FiFi token to search algae to feed the Fish NFT.
When the FiFi IDO token will release, NFT owners on the platform will have the opportunity to obtain a security list.
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