Post #24

Metaverse: November headlines: - Meta is laying 11,000 employees or 13% of its workforce after its aggressive hiring during the pandemic to maintain its momentum on Metaverse, meanwhile Metaverse remains a fuzzy concept and MAU targets are not met - Meta had expected 500,000 active monthly users on its VR platform, Horizon Worlds (which is accessed by VR headsets), by the end of this year; but the current figure is fewer than 200,000 (source) - Animoca Brands announces $2 billion Metaverse fund, the fund's focus "will be everything on digital property rights" (source) - The tiny island nation of Tuvalu recently announced that it would be the first country to fully replicate itself as a virtual reproduction in the metaverse (source) - Deloitte’s new report, titled “The Metaverse in Asia: Strategies for Accelerating Economic Impact,” examined the potential influence of the metaverse on 12 Asian economies: the metaverse’s contribution to gross domestic product in Asia could be between $800 billion and $1.4 trillion per year (1.3% to 2.4% of overall GDP) by 2035, according to Deloitte (source) - Yahoo Finance releases a new industry report: the metaverse market size to grow by $677.98 billion between 2021 and 2026, however, the growth momentum is expected to decelerate at a CAGR of 33.26% (source) #metaverse#November2022#trends