 The remarkable growth in the market can largely be attributed to the increasing demand for the metaverse, where individuals are purchasing digital assets using cryptocurrencies.
According to Market.us, The Global Metaverse Market is on track to achieve significant growth at a Compound Annual Growth Rate (CAGR) of 44.4%, expecting its value to surge from USD 65.2 billion in 2022 to approximately USD 2,346.2 billion by the year 2032. Asia-Pacific will likely grow at the highest CAGR from 2023-2032 The Asia Pacific region is projected to register the highest CAGR during the forecast period. This is because of the increasing number of start-ups and organizations such as Axie Infinity (Singapore), Bolly Heroes (India), The Sandbox (Hong Kong), GuildFi (Thailand) NextMeet (India), and Shenzhen Zhongqingbaowang Interaction Network Co., Ltd. (ZQGame Global) are anticipated to boost the regional market growth. Moreover, this significant growth is expected to be influenced by rapid digitization adoption in nations like China, India, and Japan and due to the constant economic growth. Source: Yahoo Finance
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