Morgan Stanley (NYSE:MS) believes the metaverse market in China alone could have a value of US$8trn in the future, with big tech companies increasin
Morgan Stanley (NYSE:MS) believes the metaverse market in China alone could have a value of US$8trn in the future, with big tech companies increasingly including virtual projects in their plans.
Analysts at the investment bank believe the metaverse’s initial total addressable market (TAM) in China will be roughly US$4trn when it replaces mobile internet.
That value is expected to double once the virtual space begins to disrupt the offline world, with ‘real’ activities becoming much more popular in the augmented reality space.
“We expect the metaverse TAM to be expansive and go beyond the current online consumption market, which is mainly dominated by e-commerce and online entertainment spending,” Morgan Stanley said in a note to investors.
However, the Wall Street giants estimate could be even higher, with the investment banking company excluding non-fungible tokens (NFTs) in its valuation.
The note said that “restriction on cryptocurrencies creates uncertainty on the potential ‘blue-sky’ opportunity in non-fungible tokens.”
Morgan Stanley also excluded things like virtual concerts, as well as other digital collectables from its valuation.
Goldman Sachs (NYSE:GS) recently forecast that the entire global metaverse market would one day be worth US$8trn.
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