According to Grayscale, the worlds that take part in the metaverse are now generating value in the real world. Total fundraising increased to at least $ 8.2 billion in cryptocurrencies thanks to Web 3.0.
Metaverses are an imminent reality. At least 50,000 or more people are inside it, interacting, playing games, and making money. But that number may increase, as Web 3.0 did is in its infancy.
According to a report made by the blockchain analytics firm Grayscale, the combination of innovations that are part of Web 3.0, based on personalization and increased interaction between Internet users, has attracted potential users from around the world who already are taking part in metaverses.
Metaverses, or metaverse, are interconnected and experimental 3D virtual worlds where users based anywhere can socialize in real-time to form a user-owned Internet economy, spanning the digital and physical worlds, as defined by the company.
Users of the metaverses and virtual worlds of Web 3.0 have seen exponential growth in recent years. The report of the American company highlights that today, there are about 50,000 users, ten times more people since the beginning of 2020.
Grayscale exposed that the virtual worlds of the metaverse are already generating value in the physical world. This value benefits developers, creators, and users, who manage native cryptocurrency economies of the network.
Grayscale claimed that virtual worlds framed by cryptocurrencies just created a multi-million dollar primary and secondary market for creators and owners of digital assets after erasing capital controls and opening its digital borders to free-market capitalism.
Metaverses in Early Stage
Grayscale stated that the fundraising grew to $ 8.2 billion in crypto thanks to Web 3.0 in the third quarter of this year. The non-fungible tokens (NFT) segment earned USD 1.8 billion, and blockchain-based games (such as Plant vs. Undead or Axie Infinity), meanwhile, attracted USD 1 billion in funding.
Grayscale highlighted that Capital investment in the sector started to accelerate at a good rate recently but compared to the $ 10 billion that companies like Facebook plan to invest and the amounts that could get thrown away from other companies and venture capitalists, metaverses are still living their infancy.
The firm highlights that metaverses make up a digital universe that goes beyond the network of today. They claim that the vision of the future state of the web has enough potential to transform our social interactions, businesses, and the Internet economy in general.
The metaverses continue to take shape. Cryptocurrency-based networks and virtual worlds are already open in Web 3.0 and now give a small glimpse of what the future holds.
A Virtual World in full Development
What Grayscale reveals makes total sense, considering that there is evidence for the increase of metaverses. Magazines, bands, art, games, and more are fitting into this new way of browsing and living the internet.
The century-old US magazine TIME will also venture into metaverses in parallel with Galaxy Digital. In addition, it would begin to hold ether (ETH), the native cryptocurrency of the Ethereum network.
By: Jenson Nuñez
