Home Metaverse Metaverse could pump $1.4 trillion a year into Asia’s GDP: Deloitte

Metaverse could pump $1.4 trillion a year into Asia’s GDP: Deloitte

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Metaverse could pump $1.4 trillion a year into Asia’s GDP: Deloitte

Source: news.google.com

The metaverse’s impact on Asia’s GDP could range from $0.8 trillion to $1.4 trillion a year by 2035, according to a new report from Deloitte.

Weiquan Lin | Moment | fake images

Goal‘s huge bet on the metaverse may have put the company in dire straits, but a new Deloitte report suggests virtual realities could have “transformative effects” on Asian economies.

The metaverse’s contribution to gross domestic product in Asia could be between $800 billion and $1.4 trillion per year by 2035, the consultancy said.

That would represent roughly 1.3-2.4% of total GDP, he added, assuming “sustained technology investments over the next five to 10 years.”

The metaverse can be loosely defined as a virtual world where people live, work, and play. With cryptocurrencies, users can buy and…

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