Citi plans metaverse to win five billion users and up to $ 13 billion

Citi plans metaverse to win five billion users and up to $ 13 billion

citi has high expectations of meta-verse, whereby the analysts of the bank predict that the web3 economy will reach between $ 8 and 13 trillion.

"We believe that the meta personation could be the next generation of the Internet", wrote analysts in a

Although the idea of ​​the meta person has been in existence for years - initially with foresight in introduced a novel from 1992 -The booming interest in a web3 future has led to numerous practical new applications.

"Today is the most popular way to experience the meta persona, a video game that is played on a virtual reality headset (VR)," says the note. "But .. [there is the] possibility that the meta -verse moves towards the next iteration of the Internet or web3. This 'open metaverse' would be in possession of the community, is managed by the community and would be a freely interoperable version that ensures data protection through design."

The applications and the growing user base will drive the industry, said analysts and called trade, art, media, advertising, healthcare and social cooperation as some of the possibilities of how valued five billion people will accept digital versions of themselves.

The note reflects a broader opinion in Web3 - it can be difficult to imagine the future of the meta persona in the context of the current dominance of Web2.

"Basically one of the mistakes I am committing to many projects and designers is to project web3 technology onto web2 experiences," said Calvin Chan, CEO of Legitimate, an ecosystem that linked physical products with digital identities, during the Avalanche Summit in Barcelona.

If it is correctly structured - what most analysts consider "if" that depends on considerable infrastructure improvements - people will be able to use metavers on computers, game consoles and smartphones wherever they are.

"The definition of what is considered money in the open meta verse is probably very different from what is considered money today in the real world," says the note. "Interoperability and seamless exchange between the underlying blockchain technology are crucial to ensure a smooth user experience."

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The article Citi Projects Metaverse to Capture Five Billion Users and Up to $ 13b is not a financial advice.