• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Upcoming Events
    • China Metaverse Week, Shanghai (May 20-21, 2022)
    • RegTech Africa Conference (May 25-26, 2022)
    • Enterprise Blockchain Forum (May 31 – June 1, 2022)
    • Blockchain Fest, Sinagpore (June 2-3, 2022)
    • World Blockchain Conference, Singapore (July 4-5, 2022)
    • Blockchain Economy Summit, Istanbul (July 27-28, 2022)
    • NFT Expoverse, Los Angeles (July 29-31, 2022)
    • Future Tech Event, Oman (September 12-13, 2022)
    • NFT Show Europe, Spain (September 17-18, 2022)
    • TOKEN2049, Singapore (September 28-29, 2022)
    • Blockchain Expo North America (October 5-6, 2022)
  • Past Events
    • Event Horizon
    • Blockchain Life
    • BlockShow Europe

Crypto Reporter

Online magazine about cryptocurrencies, NFTs, DeFi, GameFi and other blockchain technologies

Trade on the world's major crypto exchanges:
MEXC - get $25 BTC airdrop and entry into a $250 giveaway!
Binance | FTX | Huobi
  • News
    • News Feed
    • Cryptocurrencies
      • Bitcoin
      • Altcoins
    • Payment solutions
    • Exchanges
      • Binance
      • bitFlyer
      • Bitfinex
      • CBOE
      • CME
      • Coinbase
      • Coincheck
      • Coinfloor
      • Nasdaq
      • Poloniex
    • Regulations
      • Australia
      • Belarus
      • China
      • Europe
      • India
      • Iran
      • Israel
      • Japan
      • North Korea
      • Philippines
      • Portugal
      • Russia
      • South Korea
      • Thailand
      • Turkey
      • Venezuela
      • Vietnam
      • United States
    • Blockchain platforms
    • Crypto news in brief
    • Stats & trends
    • Reviews
      • Ambrosus
      • ATN
      • Dash
      • Green Power Exchange
      • Power Ledger
      • ShapeShift
      • Waltonchain
      • Cryptocurrency market capitalization can top 4 trillion USD, under conservative estimates
    • Opinion
    • Sponsored
  • Press Releases
MEXC crypto exchange - get $25 BTC airdrop and entry into a $250 giveaway!

Citi forecasts the Metaverse market could reach $13 trillion by 2030

April 12, 2022 By Crypto Reporter

At the same time the company puts a tag of 5 billion users by the same period 

Citi, one of the world’s largest financial institutions, has published a report about the industry’s immense financial potential. It also explores the use of decentralised finance (DeFi), infrastructure and digital assets in the Metaverse.

The company believes the Metaverse could become the next generation of the internet and not a mere Virtual Reality representation. This ecosystem could expand out of proportions thanks to device-agnostic new sector accessible via PCs, game consoles, and smartphones. The market cap of the Metaverse could reach a staggering $8-$13 trillion by 2030.

The total number of users in eight years could be anywhere from one billion (VR headset users) up to five billion, including 5G/broadband participants.

It is also believed that the Metaverse will be split into International and firewall protected – Chinese. Apart from tokens the sector will see integration with other forms of money.

“The definition of what counts as money in the Open Metaverse is likely to be very different from what counts as money in the real world today. We expect different forms of cryptocurrency to dominate, given the inherent multi-chain trend in the crypto ecosystem, but to coexist with fiat currencies, CBDCs, and stablecoins,” states the report.

Stablecoins are likely to play a key role in the Metaverse as a form of money given high volatility of most cryptocurrencies. Metaverse finance (MetaFi) will become a combination of decentralised finance (DeFi), centralised finance (CeFi) and traditional (TradFi).

At the same time, the Metaverse powered by blockchain will evolve around emerging crypto and DeFi legislation in multiple jurisdictions worldwide. Yet internet-related issues (i.e., freedom of speech, privacy, illegal content, etc) will only become exacerbated in the Metaverse, according to the document.

Filed Under: General News, News Tagged With: Citi, cryptocurrency, metaverse, news

Primary Sidebar

MEXC

Follow Us

Press Releases

NFT Show Europe: an immersive experience on blockchain technology, metaverse and crypto-digital art

May 26, 2022

BitMEX Spot Exchange hits $24m USD 24-hour trade volume, a 100% daily increase

May 26, 2022

MetaMask Partners with Asset Reality to Help Victims of Scams In Their Efforts to Recover Stolen Digital Assets

May 26, 2022

LevelField Financial Selects METACO to Launch Digital Asset Management Capabilities on IBM Cloud

May 26, 2022

What You Need to Know About Decentralized Social Media

May 26, 2022

Blockchain Economy Istanbul Makes Grand Impact with the Top Names

May 24, 2022

Soccer Team pair up with Blockchain

May 23, 2022

Platon Life Global Digital Ecosystem Summit 2022

May 23, 2022

Blockchain Fest Singapore 2022

RegTech Africa

Token2049

NFT Expoverse

Future Tech Event

NFT Show europe

Footer

Crypto Reporter is an online magazine about digital currencies and blockchain technologies
About us
Contact us
Submit press-release

Search

2017-2022 Crypto Reporter