{"id":532393,"date":"2022-12-29T19:30:00","date_gmt":"2022-12-29T16:30:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/an-overview-of-the-metaverse-in-2022\/"},"modified":"2022-12-29T19:30:00","modified_gmt":"2022-12-29T16:30:00","slug":"an-overview-of-the-metaverse-in-2022","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/an-overview-of-the-metaverse-in-2022\/","title":{"rendered":"# An overview of the metaverse in 2022"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3c33f0335f1\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3c33f0335f1\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/an-overview-of-the-metaverse-in-2022\/#%E2%80%9D_An_overview_of_the_metaverse_in_2022_%E2%80%9C\" >&#8221; An overview of the metaverse in 2022  &#8220;<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/an-overview-of-the-metaverse-in-2022\/#The_two_digital_cultures\" >The two digital cultures<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/an-overview-of-the-metaverse-in-2022\/#The_tech_giants\" >The tech giants<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/an-overview-of-the-metaverse-in-2022\/#The_financial_institutions\" >The financial institutions<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/buradabiliyorum.com\/en\/an-overview-of-the-metaverse-in-2022\/#Luxury_brands\" >Luxury brands<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/buradabiliyorum.com\/en\/an-overview-of-the-metaverse-in-2022\/#The_virtual_real_estate_market\" >The virtual real estate market<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/buradabiliyorum.com\/en\/an-overview-of-the-metaverse-in-2022\/#Entertainment_and_the_arts\" >Entertainment and the arts<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/buradabiliyorum.com\/en\/an-overview-of-the-metaverse-in-2022\/#The_future_of_the_metaverse\" >The future of the metaverse<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_An_overview_of_the_metaverse_in_2022_%E2%80%9C\"><\/span>&#8221; An overview of the metaverse in 2022  &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-02fa634a>Recognized as one of the most turbulent years for the cryptocurrency and blockchain industry, 2022 has still been vigorous for the metaverse. With over $120 billion invested in the first half of the year alone \u2014 according to a McKinsey <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.mckinsey.com\/about-us\/new-at-mckinsey-blog\/meet-the-metaverse-creating-real-value-in-a-virtual-world\">report<\/a> \u2014 the industry is anything but broken.<\/p>\n<p>Some of the most significant partnerships to date were sealed throughout 2022, with even a few unexpected institutions \u2014 JP Morgan, for instance \u2014 embracing the Web3 revolution despite their proverbial distaste for the decentralization concept.<\/p>\n<p>Here\u2019s what you need to know about the influential developments, projects and events that shaped the metaverse in 2022. <\/p>\n<p>The metaverse, first coined by Neal Stephenson in his 1992 sci-fi novel <em>Snow Crash<\/em> and described as a computer-generated universe accessible through highly specialized goggles, has developed into a multibillion-dollar industry that incorporates different concepts and technologies. <\/p>\n<p>These underlying technologies include blockchain, artificial intelligence (AI), the Internet of Things, augmented reality (AR), virtual reality and space from gaming <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>lications to real estate, fashion and interoperable collaborative tools. <\/p>\n<p>All these ingredients are used together in the metaverse \u2014 in a centralized or decentralized manner \u2014 to create environments for rich user interaction among an unlimited number of users simulating the real world.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"The_two_digital_cultures\"><\/span>The two digital cultures<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The gap between centralized and decentralized metaverse platforms has widened further in 2022, with The Sandbox and Decentraland holding strong dominance across blockchain-based marketplaces. On the other hand, Meta\u2019s and Microsoft\u2019s vision to build proprietary digital universes they control entirely accentuated the distance between the two digital cultures.<\/p>\n<p>In its current form, and regardless of its digital culture, the metaverse relates to digital worlds accessible by immersive technologies and the internet. All developments experienced today are considered \u201cpre-metaverse,\u201d and a recent report by Gartner doesn\u2019t expect mainstream adoption and full <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> maturity until 2030.<\/p>\n<p><strong><em>Related:\u00a0Which celebrities joined and left crypto in 2022?<\/em><\/strong><\/p>\n<p>Nonetheless, institutions and businesses are aware they have to start crafting their strategy now if they want to be leaders in what will surely be a highly competitive space in the next few years. <\/p>\n<h2><span class=\"ez-toc-section\" id=\"The_tech_giants\"><\/span>The tech giants <span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Facebook rebranded to Meta in October 2021, marking its commitment to advance from its past as a <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">social media<\/a> network and embrace the new world of Web3. However, despite announcing investments between $10 billion and $15 billion per year, the company reported some significant losses in 2022, with its stock price falling 23.6% after its release, 66.29% over the past year and an accumulated loss of $9.44 billion in the research and development department.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-12\/ab1b2e6e-92aa-40f6-8b77-223481f55faa.jpg\"><\/figure>\n<p>Microsoft announced this year the $69-billion acquisition of the gaming company Activision Blizzard, one of the key players in the industry, with a growing portfolio of AAA (high-budget and high-profile) video <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/game\/\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Game\" target=\"_blank\" rel=\"noopener\">game<\/a>s and nearly 400 million monthly active users.\u00a0<\/p>\n<p>However, the deal is still being scrutinized by regulators, with the United States Federal Trade Commission challenging one of the most significant tech acquisitions in history to promote fair competition in high-performance gaming consoles and subscription services.<\/p>\n<p>Nvidia launched the beta version of its new \u201comniverse\u201d platform for developers. The versatile platform allows everyone to build metaverse applications. For instance, artists can pick from multiple 3D tools, developers can make use of AIs trained in virtual worlds, or enterprises can build digital twin simulations of their industrial processes.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"The_financial_institutions\"><\/span>The financial institutions <span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Major financial institutions have expanded their presence in the metaverse in 2022 by partnering with some of the most powerful platforms in the space. <\/p>\n<p>In February, JP Morgan became the first major bank to enter the metaverse, opening a virtual lounge in the blockchain-based Decentraland platform after labeling the industry as a $1-trillion market opportunity. <\/p>\n<p>The same month, Disney announced it had appointed a new executive, Mike White, to lead its debut into the metaverse. Disney CEO Bob Chapek confirmed Disney\u2019s commitment to expanding its storytelling expertise to the digital world. \u201cWe have an opportunity to connect those universes and create an entirely new paradigm for how audiences experience and engage with our stories,\u201d said Chapek.<\/p>\n<p>In March, HSBC bank and blockchain-based gaming platform The Sandbox announced a new partnership to open new opportunities to their global virtual communities, which will be able to connect through entertainment, gaming and user-generated content.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Delighted to announce we\u2019ve partnered with <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/HSBC?ref_src=twsrc%5Etfw\">@HSBC<\/a>, one of the world\u2019s largest international banking &amp; financial services providers! <\/p>\n<p>Bringing a host of opportunities to engage with global financial services &amp; sports communities in The Sandbox Metaverse.<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/GmQ3lrVmnB\">https:\/\/t.co\/GmQ3lrVmnB<\/a><\/p>\n<p>\u2014 The Sandbox (@TheSandboxGame) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/TheSandboxGame\/status\/1503974594922926080?ref_src=twsrc%5Etfw\">March 16, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Standard Chartered also joined forces with The Sandbox in April to offer their client base new creative and innovative experiences. As Alex Manson, head of SC Ventures at Standard Chartered, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.sc.com\/en\/media\/press-release\/weve-partnered-with-the-sandbox-to-create-metaverse-experience\/\">confirmed<\/a>, \u201cWe have been building business models in crypto, digital assets and see the rise of the metaverse as a critical milestone in the Web 3.0 evolution.\u201d <\/p>\n<p>In June, innovation and design company Journey rang the first-ever opening bell in the metaverse alongside Nasdaq to celebrate the launch of a new metaverse studio and mark a specific endorsement of the industry by the stock market exchange. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-12\/8f13e7a3-31f7-44f5-b209-964afe6fdd16.jpg\"><figcaption style=\"text-align: center;\"><strong>Click \u201cCollect\u201d below the illustration at the top of the page or <\/strong><strong>follow this link<\/strong><strong>.<\/strong><\/figcaption><\/figure>\n<p>Norwegian governmental agency The Br\u00f8nn\u00f8ysund Register Center sealed a partnership with Ernst &amp; Young in October to open a virtual office location in Decentraland\u2019s metaverse.\u00a0The Norwegian authority manages several public registers for the country, and the move is meant to facilitate users\u2019 access to public services in anticipation of the widespread use of the metaverse, especially by the younger crowds.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Luxury_brands\"><\/span>Luxury brands<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The technology has opened great opportunities for primary retailers \u2014 especially in luxury goods \u2014 to build their presence and gain new market segments by creating their own virtual spaces in the metaverse. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Burberry?ref_src=twsrc%5Etfw\">@Burberry<\/a>&#8216;s very first NFT is <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/PlayBlankos?ref_src=twsrc%5Etfw\">@PlayBlankos<\/a> Sharky B.<\/p>\n<p>Limited to only 750. I believe this to be one of the most important collectible. Fashion, Design, Brand, Art. It has it all.  <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/zr4dmteoFT\">pic.twitter.com\/zr4dmteoFT<\/a><\/p>\n<p>\u2014 jasonx.eth (@DCLjasonx) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/DCLjasonx\/status\/1434288085248794626?ref_src=twsrc%5Etfw\">September 4, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Brands such as Gucci, Louis Vuitton and Burberry all started appearing in the metaverse, with fashion topping the luxury market industry in terms of presence in the space. The industry\u2019s expansion was further marked by the inaugural metaverse Fashion Week, held in Decentraland in March. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">We\u2019re taking NFTs to the next level. Exclusive to CryptoPunks holders, NFTiff transforms your NFT into a bespoke pendant handcrafted by Tiffany &amp; Co. artisans. You\u2019ll also receive an additional NFT version of the pendant. Learn more: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/FJwCAxw8TN\">https:\/\/t.co\/FJwCAxw8TN<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/NFTiff?src=hash&amp;ref_src=twsrc%5Etfw\">#NFTiff<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/TiffanyAndCo?src=hash&amp;ref_src=twsrc%5Etfw\">#TiffanyAndCo<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/pyKlWejHv4\">pic.twitter.com\/pyKlWejHv4<\/a><\/p>\n<p>\u2014 Tiffany &amp; Co. (@TiffanyAndCo) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/TiffanyAndCo\/status\/1553811244536270852?ref_src=twsrc%5Etfw\">July 31, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2><span class=\"ez-toc-section\" id=\"The_virtual_real_estate_market\"><\/span>The virtual real estate market <span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The year\u2019s bearish trends in the crypto space were echoed across the virtual real estate market, too. Land sales were reported to have dramatically dropped by 85% in August, while volumes plunged from a peak of $1 billion in November 2021 to approximately $157 million in August.<\/p>\n<p>Despite the negative figures this year, the expectations for this section of the metaverse are still very promising, even more so when compared to the real-world real estate market. According to a Chainalysis report, blockchain-based virtual land prices have <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/blog.chainalysis.com\/reports\/virtual-real-estate-blockchain-gaming-web3\/\">grown<\/a> by 879% since 2019, while physical real estate prices only grew by 39%. <\/p>\n<p>Blockchain-based platform Decentraland is still where most of the action takes place in the real estate market, and it\u2019s seen astounding growth materializing in front of its eyes, as <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.euronews.com\/next\/2022\/11\/09\/why-metaverse-real-estate-is-selling-for-millions\">confirmed<\/a> by Decentraland Foundation creative director Sam Hamilton:<\/p>\n<blockquote><p>\u201cWhen we first sold land, it was all sold at $20 a pop, and we sold it all. Now, I think the cheapest you can buy is $3,500. So, you can see the speculators already made a lot of money.\u201d<\/p><\/blockquote>\n<p>The industry that experienced an anonymous user reportedly paying $450,000 to purchase a plot of virtual land in The Sandbox next to Snoop Dogg\u2019s virtual residence is not fading away and is anticipated to continue growing. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">I\u2019m entering the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/metaverse?src=hash&amp;ref_src=twsrc%5Etfw\">#metaverse<\/a> with <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/TheSandboxGame?ref_src=twsrc%5Etfw\">@TheSandboxGame<\/a> !! <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/TSBxSnoopDogg?src=hash&amp;ref_src=twsrc%5Etfw\">#TSBxSnoopDogg<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/NFT?src=hash&amp;ref_src=twsrc%5Etfw\">#NFT<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/DZvSV4NNSc\">https:\/\/t.co\/DZvSV4NNSc<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/zoa87iDhRl\">pic.twitter.com\/zoa87iDhRl<\/a><\/p>\n<p>\u2014 Snoop Dogg (@SnoopDogg) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/SnoopDogg\/status\/1441076327948316686?ref_src=twsrc%5Etfw\">September 23, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to global market research firm Technavio, the virtual real estate market is <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.technavio.com\/report\/metaverse-real-estate-market-industry-analysis\">expected<\/a> to grow $5.37 billion by 2026 at a compound annual growth rate of 61.74%. Buying and owning land in the metaverse could also be a very lucrative business for rentals, so much so that Decentraland launched a dedicated platform to allow its users who own virtual land to become landlords. <\/p>\n<h2><span class=\"ez-toc-section\" id=\"Entertainment_and_the_arts\"><\/span>Entertainment and the arts<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The entertainment and arts industries sparked more interest in the metaverse in 2022, with plenty of live concerts, festivals and art events entertaining a young crowd seeking opportunities beyond geographical limits.<\/p>\n<p>Nonfungible token (NFT) collections and exhibitions are always at the center of the metaverse experience, while live concerts dominate the entertainment. Music stars, such as Ozzy Osbourne, performed in the metaverse in November 2022, and the famous U.S. festival Coachella embraced the metaverse utilizing AR technology, video games and NFTs that both physical and virtual attendees could enjoy. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">I hope you enjoyed <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/TheOzzFest?ref_src=twsrc%5Etfw\">@TheOzzFest<\/a> 2022 in the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Metaverse?src=hash&amp;ref_src=twsrc%5Etfw\">#Metaverse<\/a>! <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/ozzfest?src=hash&amp;ref_src=twsrc%5Etfw\">#ozzfest<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/vS4N023Z3f\">pic.twitter.com\/vS4N023Z3f<\/a><\/p>\n<p>\u2014 Ozzy Osbourne (@OzzyOsbourne) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/OzzyOsbourne\/status\/1595096666477977601?ref_src=twsrc%5Etfw\">November 22, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2><span class=\"ez-toc-section\" id=\"The_future_of_the_metaverse\"><\/span>The future of the metaverse<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>There are all reasons to believe the metaverse will forge into something that can be defined more accurately over the next few years leading to 2030. As this is still widely recognized as the pre-metaverse phase, the tech will evolve into its advanced state between 2024 and 2027. <\/p>\n<p>In the advanced phase, the technologies developed in the emerging stage will converge to create methods to link physical and digital spaces in a navigable way and make the user experience more straightforward and suitable for mainstream usage. <\/p>\n<p><strong><em>Related:\u00a0Bitcoin underperforms stocks, gold for the first time since 2018<\/em><\/strong><\/p>\n<p>In the mature phase that follows, the metaverse will be complete with interoperability, collaboration and multi-sourced experiences, allowing more efficiency across every aspect of human lives.<\/p>\n<p>Gartner has <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.gartner.com\/en\/newsroom\/press-releases\/2022-02-07-gartner-predicts-25-percent-of-people-will-spend-at-least-one-hour-per-day-in-the-metaverse-by-2026\">predicted<\/a> that by 2026, at least 25% of the world\u2019s population will have spent one hour a day in the metaverse, while the predictions for the market opportunities are mind-blowing. From $1 trillion, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/grayscale.com\/wp-content\/uploads\/2021\/11\/Grayscale_Metaverse_Report_Nov2021.pdf\">estimated<\/a> by Grayscale, to $5 trillion, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.mckinsey.com\/~\/media\/mckinsey\/business%20functions\/marketing%20and%20sales\/our%20insights\/value%20creation%20in%20the%20metaverse\/Value-creation-in-the-metaverse.pdf\">predicted<\/a> by McKinsey, the future could not look brighter for the tech and its ecosystem. <\/p>\n<p>With such figures, who will remember the 2022 bear market?<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"nifty_newsletter\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/an-overview-of-the-metaverse-in-2022\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; An overview of the metaverse in 2022 &#8220; Recognized as one of the most turbulent years for the cryptocurrency and blockchain industry, 2022 has still been vigorous for the metaverse. With over $120 billion invested in the first half of the year alone \u2014 according to a McKinsey report \u2014 the industry is anything&#8230;<\/p>\n","protected":false},"author":1,"featured_media":532394,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/cdn-cgi\/image\/format=auto,onerror=redirect,quality=90,width=1200\/https:\/\/s3.cointelegraph.com\/uploads\/2022-12\/0564ecfa-0a07-4a5a-8e35-46c0e24ca431.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[91498,95118,74355],"class_list":["post-532393","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-metaverse","tag-nft","tag-adoption"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/532393","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=532393"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/532393\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/532394"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=532393"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=532393"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=532393"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}