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

The metaverse’s contribution to gross domestic product in Asia it 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…