Metaverse Expected To Contribute $760 Billion To US Economy: Report

Metaverse Expected To Contribute 2.4% to U.S GDP: Study

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The metaverse could contribute as much as $760 billion or about 2.4% to U.S. annual gross domestic product (GDP) by 2035, as per a study by Meta.

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The report predicts metaverse’s use case in the defense, medical and manufacturing sectors, plus entertainment use cases such as video games and communication.

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Meta predicts metaverse would eventually replace mobile as the main computing platform.

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Meta pivoted its focus on building metaverse technologies in 2021 and invested heavily in the VR division.

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Despite betting heavily in the technology, Metaverse is yet to report profits on its metaverse division.

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Meta reported a loss of $13.7 billion in 2022 in its metaverse division.

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Metaverse has so far failed to catch on as it was expected to by many.

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