There's a Potential $30 Trillion Opportunity in the Metaverse

(MENAFN- Baystreet.ca) There's a Potential $30 Trillion Opportunity in the Metaverse

The metaverse may be one of the biggest stories of 2022. Thrust into the spotlight by Mark Zuckerberg, the metaverse“is a sci-fi concept whereby humans put on some sort of headset or smart glasses that allows them to live, work and play in a virtual world much like the one depicted in the 'Ready Player One' movie,” says CNBC. Even billionaire Orlando Bravo, co-founder and managing partner of private equity firm Thoma Bravo is a fan, added CNBC. In fact, he says,“It's investable and it's going to be very big.” While it may take some time for the metaverse to go mainstream, Emergen Research says it could be worth up to $828.95 billion by 2028. Others, such as Matthew Ball, the CEO of Venture Capital firm Epyllion says the metaverse could be a $10 trillion to $30 trillion market. All of which could be beneficial for Tokens.com Corp. (NEO:COIN)(OTCQB:SMURF), which is the only public company that owns metaverse real estate, Coinbase Global Inc. (NASDAQ:COIN), Meta Platforms (NASDAQ:FB), Galaxy Digital Holdings (TSX:GLXY)(OTC:BRPHF), and Microsoft Corp. (NASDAQ:MSFT).

Even better, corporate America is jumping all over the opportunity. According to The Guardian,“McDonald's recently filed 10 trademark applications including one for a virtual restaurant that would deliver to an actual home. Samsung recently launched a new smartphone on the metaverse – although not without some problems. Even the staid and traditional accounting firm PricewaterhouseCoopers has purchased virtual property on Sandbox.”

Look at Tokens.com Corp. (NEO:COIN)(OTCQB:SMURF) , For Example

Tokens.com Corp. a publicly-traded company that invests in Web3 crypto assets and builds businesses linked to the Metaverse, NFTs and Play-to-Earn Gaming, is pleased to announce that its subsidiary, Metaverse Group, has signed a letter of intent to acquire 20% ownership interest in Metaverse Architects. In addition, Metaverse Group will appoint a representative to the board of directors of Metaverse Architects. The transaction is expected to close in March.

Metaverse Architects is a leading design and event planning firm who specialize in 3D modeling and game development. Metaverse Architects have the ability to design and build across several Metaverse worlds including Decentraland, Sandbox, Pax World and NFT Worlds. Additionally, the virtual architecture firm has the capability of hosting events and creating virtual immersive experiences for brands.

In addition, Tokens.com Corp. now enables Metaverse Group to combine virtual real estate with virtual services, such as design and building. That now makes Tokens.com Corp. a one-stop shop for brands entering the metaverse. In fact, at some point, all brands will require a metaverse presence just like they need a website.

'We are pleased to combine forces with Metaverse Architects, the leading design and architecture firm in the Metaverse. Our partnership allows Metaverse Group to provide a host of services to our clients including events, NFT design and drops, and architecture design and services,” said Andrew Kiguel, Tokens.com CEO and Executive Chairman of Metaverse Group“We're excited to enhance the scope of what we offer with such a strong team to become a one-stop shop for all Metaverse needs.'

Metaverse Architects is currently in the process of completing the Tokens.com Tower in Decentraland's Crypto Valley. The Tower will be used to host future crypto conferences and offer office rental spaces to companies looking for a presence in the Metaverse. Parties interested in developing a presence in the Metaverse on our property can contact [email protected] .

'Metaverse Group continues to not only acquire marquee properties, but also grow its list of services offered to retailers and advertisers. This collaboration enhances our ability to be the leading Metaverse real estate owner and developer,” commented Metaverse Group CEO, Lorne Sugarman.

'Formalizing this partnership is an important step in ensuring we can continue expanding the quality and scope of our services, whilst ensuring we meet the sector's growing demand. We're confident that working together with Tokens.com and Metaverse Group will allow us to continue pioneering and trail-blazing in the Metaverse industry, whilst remaining at the forefront of Metaverse-based land design, utility development and Web 3.0 services,” said Sean Ellul, Metaverse Architects Co-Founder.

Other related developments from around the markets include:

Coinbase Global Inc. announced that it will publish its fourth quarter and full year 2021 shareholder letter, including financial results, on its Investor Relations website at investor.coinbase.com on Thursday, February 24, 2022 at approximately 1:00 p.m. PT. The Company will hold a question and answer session to discuss its financial results at 2:30 p.m. PT that same day. Starting on February 17 at 9:00 a.m. PT, all shareholders will be able to submit and upvote questions for Coinbase management.

Meta Platforms reported financial results for the quarter and full year ended December 31, 2021. 'We had a solid quarter as people turned to our products to stay connected and businesses continued to use our services to grow,' said Mark Zuckerberg, Meta founder and CEO. 'I'm encouraged by the progress we made this past year in a number of important growth areas like Reels, commerce, and virtual reality, and we'll continue investing in these and other key priorities in 2022 as we work towards building the metaverse.'

Galaxy Digital Holdings Ltd., a financial services and investment management innovator in the digital asset, cryptocurrency, and blockchain technology sectors, announced that Damien Vanderwilt, Co-President and Head of Global Markets, will participate in a fireside chat at the Canaccord Genuity Digital Assets Virtual Symposium on Tuesday, February 15, 2022 at 1:30 p.m. ET. Damien is expected to provide his thoughts on the latest trends emerging within, and shaping the maturation of, the digital assets sector.

Microsoft Corp. announced the following results for the quarter ended December 31, 2021 , as compared to the corresponding period of last fiscal year: Revenue was $51.7 billion and increased 20%, Operating income was $22.2 billion and increased 24%, Net income was $18.8 billion and increased 21%, Diluted earnings per share was $2.48 and increased 22%.“Digital technology is the most malleable resource at the world's disposal to overcome constraints and reimagine everyday work and life,” said Satya Nadella, chairman and chief executive officer of Microsoft.“As tech as a percentage of global GDP continues to increase, we are innovating and investing across diverse and growing markets, with a common underlying technology stack and an operating model that reinforces a common strategy, culture, and sense of purpose.”

Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Winning Media is only compensated for its services in the form of cash-based compensation. Pursuant to an agreement Winning Media has been paid three thousand five hundred dollars for advertising and marketing services for Tokens.com Corp. by Tokens.com Corp. We own ZERO shares of Tokens.com Corp. Please click here for full disclaimer.

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