I have no idea where the $13 trillion valuation comes from but there’s no way that’s true. At it’s peak, cryptocurrency as a whole had a market cap of let’s say $3 trillion to be very generous, of which Bitcoin alone was about $1 trillion. Meta peaked at about $1 trillion. Even if the metaverse was 100% of those two sections fields (which it really isn’t and never was), it wouldn’t come close to $13 trillion. I assume this was a predicted value for 2040 or something.
The valuation comes from a simple idea: in a Facebook-controlled virtual world, you can monetize everything. You can monetize every interaction someone has with other people, everything they do, even every breath they take (by paying for your time in there). It’s not based on actual value, only on the potential you can take from people.
That’s also why it’s such a horrible idea for everyone except the owners.
Who did the valuation and where? I’d just like to see where this 13 trillion came from because it seems insane
E: Found it
Companies’ rush to get into the game led Wall Street investors, consultants, and analysts to try to one up each other’s projections for the Metaverse’s growth. The consulting firm Gartner claimed that 25% of people would spend at least one hour a day in the Metaverse by 2026. The Wall Street Journal said the Metaverse would change the way we work forever. The global consulting firm McKinsey predicted that the Metaverse could generate up to “$5 trillion in value,” adding that around 95% of business leaders expected the Metaverse to “positively impact their industry” within five to 10 years. Not to be outdone, Citi put out a massive report that declared the Metaverse would be a $13 trillion opportunity.
With a stream of big names revealing their intent to be a part of this upcoming digital world, the metaverse could be a $13 trillion industry by 2030, Citi Bank said in its report.
The same place all speculative asset values come from: some rich guy’s ass.
The ONLY reason it was valued was because Facebook was doing it. They clearly did not look at the product designs or lack of progress to come up with it.
I have no idea where the $13 trillion valuation comes from but there’s no way that’s true. At it’s peak, cryptocurrency as a whole had a market cap of let’s say $3 trillion to be very generous, of which Bitcoin alone was about $1 trillion. Meta peaked at about $1 trillion. Even if the metaverse was 100% of those two sections fields (which it really isn’t and never was), it wouldn’t come close to $13 trillion. I assume this was a predicted value for 2040 or something.
Don’t believe everything you read online.
The valuation comes from a simple idea: in a Facebook-controlled virtual world, you can monetize everything. You can monetize every interaction someone has with other people, everything they do, even every breath they take (by paying for your time in there). It’s not based on actual value, only on the potential you can take from people.
That’s also why it’s such a horrible idea for everyone except the owners.
Who did the valuation and where? I’d just like to see where this 13 trillion came from because it seems insane
E: Found it
Well that sounds awful. How about you just make the headset electrocute me to death instead? That would be more fun.
There’s an anime about that, Sword Art Online.
If you die in the game you die in real life.
Just like Canada! If you die there, you die in real life too.
Hello Sokath! Our product development team loves your suggestions. We’ll be sure to implement your feature request in our next update!
Best regards,
Mark
You mean to tell me that I should have skepticism for a number in a picture of a tweet from some random guy?!?
The same place all speculative asset values come from: some rich guy’s ass.
The ONLY reason it was valued was because Facebook was doing it. They clearly did not look at the product designs or lack of progress to come up with it.
US GDP 2022 was $25.46 trillion.