The Metaverse Is Expanding, According to Grayscale’s Report
A fresh report from Grayscale says that the amount of active Metaverse users has significantly grown in recent times. Their data shows the 10x increase in the rate of active wallets within it from the beginning of 2020 up to mid-2021.
Grayscale estimates this market’s potential as $1 trillion. The digital economy is developing quickly within this sector including game tokens, NFTs, and various decentralized options like staking, lending and governance tokens.
Venture capitalists don’t waste their time and invest actively in this promising field. The fundraising was estimated as $1 billion only in Q3. It’s 12% of the total crypto fundraising this quarter. Metaverse keeps attracting more users due to expanding the option to earn crypto while gaming.