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Metaverse Market: 38% of Growth to Originate from North America | Information by Device (VR and AR devices and computing devices) and Geography

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Metaverse Market Geography Outlook (Revenue, USD bn, 2021-2026)

  • North America – size and forecast 2021-2026
  • Europe – size and forecast 2021-2026
  • APAC – size and forecast 2021-2026
  • South America – size and forecast 2021-2026
  • Middle East and Africa – size and forecast 2021-2026

38% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for the metaverse market in North America. Market growth in this region will be slower than the growth of the market in Europe and APAC. The rising adoption of technologically advanced applications among consumers will facilitate the metaverse market growth in North America over the forecast period.

Metaverse Market Device Outlook (Revenue, USD bn, 2021-2026)

  • VR and AR devices – size and forecast 2021-2026
  • Computing devices – size and forecast 2021-2026

The metaverse market share growth by the VR and AR devices segment will be significant during the forecast period. VR and AR devices segment accounted for the highest market share in 2021. This includes various headsets, smart glasses, and lenses used for interacting on the metaverse platform. The segment is expected to grow at a moderate pace during the forecast period. Moreover, factors such as new product launches and growing adoption of VR/AR in different application areas, including metaverse, are expected to drive the segment growth.

Download sample to gain further insights on the market share & contribution of various regions & segments

Increasing Demand for AR and VR technology to Drive the Market Growth

Wearable technology platforms will likely enhance the utility of AR in the global metaverse market. For instance, Google is actively working on AR Smart Glasses for the global metaverse market. The AR programs on metaverse enable users to have a new experience for online virtual shopping. Furthermore, virtual fitting rooms will help users in choosing the right size and decreasing purchase returns. A similar benefit is associated with choosing a color for a new car or new furniture for the apartment. Therefore, the growing application area of AR and VR technology in different fields, such as education, medical, retail, and training, will boost the growth of the global metaverse market during the forecast period.

Privacy and Security Concerns Over Metaverse to Challenge the Market Growth

Metaverse can access the personal data of users and may pose a threat to their privacy. It can collect a lot of information from the user’s social networking accounts. User privacy can also be threatened if hackers gain access to the user’s device. Moreover, there are privacy-related concerns associated with smart gears used in the metaverse, such as smart glass, VR headsets, etc. These glasses automatically screen and process the user’s environment, violating the privacy of the user and those around them. Thus, the development of such products may hamper the growth of the metaverse market during the forecast period.

Download sample Report for insights on the Drivers, Trends, and Challenges that will help companies evaluate and develop growth strategies for 2022-2026

Some of the Major Metaverse Companies:

  • Accenture Plc
  • Active Theory LLC
  • Animoca Brands Corp. Ltd
  • ByteDance Ltd.
  • Decentraland Foundation
  • Devden Creative Solutions Pvt. Ltd
  • Epic Games Inc.
  • GoMeta Inc.
  • Infosys Ltd.
  • Magic Leap Inc.
  • Meta Platforms Inc.
  • Microsoft Corp.
  • Mobiloitte Technologies
  • NexTech AR Solutions Corp.
  • NVIDIA Corp.
  • Queppelin
  • Roblox Corp
  • Tencent Holdings Ltd.
  • Unity Software Inc.
  • Wilkins Avenue AR

Download Our Sample Report to know more about vendor insights with product offerings & news

Related Reports Include:

Metaverse Real Estate Market by End-user and Geography – Forecast and Analysis 2022-2026: The metaverse real estate market share is expected to increase by USD 5.37 billion from 2021 to 2026, at a CAGR of 61.74%. To get more exclusive research insights: Download Our Sample Report

RFID Market for Industrial Applications Market by Application and Geography – Forecast and Analysis 2022-2026: The RFID market share for industrial applications is expected to increase by USD 1.40 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 6.3%. To get more exclusive research insights: Download Our Sample Report

Metaverse Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Decelerate at a CAGR of 33.26%

Market growth 2022-2026

$ 677.98 billion

Market structure

Fragmented

YoY growth (%)

28.73

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 38%

Key consumer countries

US, Canada, China, Germany, and UK

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Accenture Plc, Active Theory LLC, Animoca Brands Corp. Ltd, ByteDance Ltd., Decentraland Foundation, Devden Creative Solutions Pvt. Ltd, Epic Games Inc., GoMeta Inc., Infosys Ltd., Magic Leap Inc., Meta Platforms Inc., Microsoft Corp., Mobiloitte Technologies, NexTech AR Solutions Corp., NVIDIA Corp., Queppelin, Roblox Corp, Tencent Holdings Ltd., Unity Software Inc., and Wilkins Avenue AR

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization preview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Device
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.4 Market outlook: Forecast for 2021-2026
    • Exhibit 13: Chart on Global – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 14: Data Table on Global – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
    • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

  • 4.1 Five forces summary
    • Exhibit 17: Five forces analysis – Comparison between2021 and 2026
  • 4.2 Bargaining power of buyers
    • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
  • 4.3 Bargaining power of suppliers
    • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
  • 4.4 Threat of new entrants
    • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
  • 4.5 Threat of substitutes
    • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
  • 4.6 Threat of rivalry
    • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
  • 4.7 Market condition
    • Exhibit 23: Chart on Market condition – Five forces 2021 and 2026

5 Market Segmentation by Device

  • 5.1 Market segments
    • Exhibit 24: Chart on Device – Market share 2021-2026 (%)
    • Exhibit 25: Data Table on Device – Market share 2021-2026 (%)
  • 5.2 Comparison by Device
    • Exhibit 26: Chart on Comparison by Device
    • Exhibit 27: Data Table on Comparison by Device
  • 5.3 VR and AR devices – Market size and forecast 2021-2026
    • Exhibit 28: Chart on VR and AR devices – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 29: Data Table on VR and AR devices – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 30: Chart on VR and AR devices – Year-over-year growth 2021-2026 (%)
    • Exhibit 31: Data Table on VR and AR devices – Year-over-year growth 2021-2026 (%)
  • 5.4 Computing devices – Market size and forecast 2021-2026
    • Exhibit 32: Chart on Computing devices – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 33: Data Table on Computing devices – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 34: Chart on Computing devices – Year-over-year growth 2021-2026 (%)
    • Exhibit 35: Data Table on Computing devices – Year-over-year growth 2021-2026 (%)
  • 5.5 Market opportunity by Device
    • Exhibit 36: Market opportunity by Device ($ billion)

6 Customer Landscape

  • 6.1 Customer landscape overview
    • Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

  • 7.1 Geographic segmentation
    • Exhibit 38: Chart on Market share by geography 2021-2026 (%)
    • Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
  • 7.2 Geographic comparison
    • Exhibit 40: Chart on Geographic comparison
    • Exhibit 41: Data Table on Geographic comparison
  • 7.3 North America – Market size and forecast 2021-2026
    • Exhibit 42: Chart on North America – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 43: Data Table on North America – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 44: Chart on North America – Year-over-year growth 2021-2026 (%)
    • Exhibit 45: Data Table on North America – Year-over-year growth 2021-2026 (%)
  • 7.4 Europe – Market size and forecast 2021-2026
    • Exhibit 46: Chart on Europe – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 47: Data Table on Europe – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 48: Chart on Europe – Year-over-year growth 2021-2026 (%)
    • Exhibit 49: Data Table on Europe – Year-over-year growth 2021-2026 (%)
  • 7.5 APAC – Market size and forecast 2021-2026
    • Exhibit 50: Chart on APAC – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 51: Data Table on APAC – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 52: Chart on APAC – Year-over-year growth 2021-2026 (%)
    • Exhibit 53: Data Table on APAC – Year-over-year growth 2021-2026 (%)
  • 7.6 South America – Market size and forecast 2021-2026
    • Exhibit 54: Chart on South America – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 55: Data Table on South America – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 56: Chart on South America – Year-over-year growth 2021-2026 (%)
    • Exhibit 57: Data Table on South America – Year-over-year growth 2021-2026 (%)
  • 7.7 Middle East and Africa – Market size and forecast 2021-2026
    • Exhibit 58: Chart on Middle East and Africa – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 59: Data Table on Middle East and Africa – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 60: Chart on Middle East and Africa – Year-over-year growth 2021-2026 (%)
    • Exhibit 61: Data Table on Middle East and Africa – Year-over-year growth 2021-2026 (%)
  • 7.8 US – Market size and forecast 2021-2026
    • Exhibit 62: Chart on US – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 63: Data Table on US – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 64: Chart on US – Year-over-year growth 2021-2026 (%)
    • Exhibit 65: Data Table on US – Year-over-year growth 2021-2026 (%)
  • 7.9 China – Market size and forecast 2021-2026
    • Exhibit 66: Chart on China – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 67: Data Table on China – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 68: Chart on China – Year-over-year growth 2021-2026 (%)
    • Exhibit 69: Data Table on China – Year-over-year growth 2021-2026 (%)
  • 7.10 Germany – Market size and forecast 2021-2026
    • Exhibit 70: Chart on Germany – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 71: Data Table on Germany – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 72: Chart on Germany – Year-over-year growth 2021-2026 (%)
    • Exhibit 73: Data Table on Germany – Year-over-year growth 2021-2026 (%)
  • 7.11 UK – Market size and forecast 2021-2026
    • Exhibit 74: Chart on UK – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 75: Data Table on UK – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 76: Chart on UK – Year-over-year growth 2021-2026 (%)
    • Exhibit 77: Data Table on UK – Year-over-year growth 2021-2026 (%)
  • 7.12 Canada – Market size and forecast 2021-2026
    • Exhibit 78: Chart on Canada – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 79: Data Table on Canada – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 80: Chart on Canada – Year-over-year growth 2021-2026 (%)
    • Exhibit 81: Data Table on Canada – Year-over-year growth 2021-2026 (%)
  • 7.13 Market opportunity by geography
    • Exhibit 82: Market opportunity by geography ($ billion)

8 Drivers, Challenges, and Trends

  • 8.3 Impact of drivers and challenges
    • Exhibit 83: Impact of drivers and challenges in 2021 and 2026

9 Vendor Landscape

  • 9.2 Vendor landscape
    • Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
  • 9.3 Landscape disruption
    • Exhibit 85: Overview on factors of disruption
  • 9.4 Industry risks
    • Exhibit 86: Impact of key risks on business

10 Vendor Analysis

  • 10.1 Vendors covered
    • Exhibit 87: Vendors covered
  • 10.2 Market positioning of vendors
    • Exhibit 88: Matrix on vendor position and classification
  • 10.3 Accenture Plc
    • Exhibit 89: Accenture Plc – Overview
    • Exhibit 90: Accenture Plc – Business segments
    • Exhibit 91: Accenture Plc – Key news
    • Exhibit 92: Accenture Plc – Key offerings
    • Exhibit 93: Accenture Plc – Segment focus
  • 10.4 ByteDance Ltd.
    • Exhibit 94: ByteDance Ltd. – Overview
    • Exhibit 95: ByteDance Ltd. – Product / Service
    • Exhibit 96: ByteDance Ltd. – Key offerings
  • 10.5 Devden Creative Solutions Pvt. Ltd
    • Exhibit 97: Devden Creative Solutions Pvt. Ltd – Overview
    • Exhibit 98: Devden Creative Solutions Pvt. Ltd – Product / Service
    • Exhibit 99: Devden Creative Solutions Pvt. Ltd – Key offerings
  • 10.6 GoMeta Inc.
    • Exhibit 100: GoMeta Inc. – Overview
    • Exhibit 101: GoMeta Inc. – Product / Service
    • Exhibit 102: GoMeta Inc. – Key offerings
  • 10.7 Infosys Ltd.
    • Exhibit 103: Infosys Ltd. – Overview
    • Exhibit 104: Infosys Ltd. – Business segments
    • Exhibit 105: Infosys Ltd. – Key news
    • Exhibit 106: Infosys Ltd. – Key offerings
    • Exhibit 107: Infosys Ltd. – Segment focus
  • 10.8 Meta Platforms Inc.
    • Exhibit 108: Meta Platforms Inc. – Overview
    • Exhibit 109: Meta Platforms Inc. – Business segments
    • Exhibit 110: Meta Platforms Inc. – Key news
    • Exhibit 111: Meta Platforms Inc. – Key offerings
    • Exhibit 112: Meta Platforms Inc. – Segment focus
  • 10.9 Microsoft Corp.
    • Exhibit 113: Microsoft Corp. – Overview
    • Exhibit 114: Microsoft Corp. – Business segments
    • Exhibit 115: Microsoft Corp. – Key news
    • Exhibit 116: Microsoft Corp. – Key offerings
    • Exhibit 117: Microsoft Corp. – Segment focus
  • 10.10 NexTech AR Solutions Corp.
    • Exhibit 118: NexTech AR Solutions Corp. – Overview
    • Exhibit 119: NexTech AR Solutions Corp. – Business segments
    • Exhibit 120: NexTech AR Solutions Corp. – Key offerings
    • Exhibit 121: NexTech AR Solutions Corp. – Segment focus
  • 10.11 NVIDIA Corp.
    • Exhibit 122: NVIDIA Corp. – Overview
    • Exhibit 123: NVIDIA Corp. – Business segments
    • Exhibit 124: NVIDIA Corp. – Key news
    • Exhibit 125: NVIDIA Corp. – Key offerings
    • Exhibit 126: NVIDIA Corp. – Segment focus
  • 10.12 Roblox Corp
    • Exhibit 127: Roblox Corp – Overview
    • Exhibit 128: Roblox Corp – Product / Service
    • Exhibit 129: Roblox Corp – Key offerings

11 Appendix

  • 11.2 Inclusions and exclusions checklist
    • Exhibit 130: Inclusions checklist
    • Exhibit 131: Exclusions checklist
  • 11.3 Currency conversion rates for US$
    • Exhibit 132: Currency conversion rates for US$
  • 11.4 Research methodology
    • Exhibit 133: Research methodology
    • Exhibit 134: Validation techniques employed for market sizing
    • Exhibit 135: Information sources
  • 11.5 List of abbreviations
    • Exhibit 136: List of abbreviations

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio



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Metaverse

Wally’s NFT, wallstreetbets.com, and Xavier Mortimer Announce Multi-Year Partnership Expanding the World of Magic into the Metaverse

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$WSB, the official token of Wally’s NFT, is traded on Bittrex Global, one of the largest and safest crypto exchanges in the world, and has its own DEX on wallstreetbets.com. Wally’s NFT is designed by a legendary artist who created one of the most iconic characters in the video game industry and is backed by a unique story imagined by the scriptwriter of Assassin’s Creed: Lineage. As the first hero of the Metaverse, Wally is friendly, playful, funny, inspiring, and courageous. His integration into Mortimer’s “The Dream Maker” will come with multiple perks for Wally’s NFT owners, including VIP seating, specialty drinks, and exclusive merchandise.

“We want to reward our holders. But, we also want to have actual utility for our token. So, by booking your tickets with $WSB, you will unlock free upgrades. By becoming the first crypto accepted on the Strip, we wanted to show how serious we are about Wally’s NFT and wallstreetbets.com,” said Streeter Hull, co-founder of both projects. “We truly believe that the Metaverse will become a new space for talents like Xavier to showcase their craft and expertise.”

Mortimer, who is going into his sixth year in Vegas, is once again at the forefront of change. With over 6 billion views and 12 million followers on social media, Mortimer is working to create yet another one-of-a-kind experience for his fans, the crypto and NFT communities, and anyone else who dares to venture off the beaten path.

“This partnership opens up my world: in both the Metaverse, where Wally’s NFT has big plans, and my current show,” said award-winning illusionist Xavier Mortimer. “NFTs are here to stay, and I am thrilled to be part of this revolution. I am eager to bring my art and skills to this new era.”

“We understand that some people are scared of NFTs. But we fell in love with Wally’s character right away. We truly believe that NFTs and crypto represent a large field of opportunities for creators and artists,” says Alex Goude, producer of Xavier Mortimer’s The Dream Maker. “This is why we wanted to work with Wally’s NFT, and this is why we want to do more- we want to make history.”

Tickets to “The Dream Maker” will be available to purchase with $WSB starting July 1, 2022, at Xaviermortimer.com.

Wally’s NFT is coming soon! More info here.

About Wally/WSB
Wally’s NFT is a collection of beautifully designed avatars that give you access to Wally’s World. A place where Wally’s friends meet, play, talk, are rewarded, and change the metaverse and the world for good. Wally is designed by a legendary artist who has a long and well-established reputation in the video game industry, including their iconic work on several beloved Nintendo games. Wally’s backstory and adventures are created by William Reymond, the writer of Assassin’s Creed: Lineage, which amassed over 100 million views across YouTube, AppleTV, and Amazon.

About Xavier Mortimer
Born and raised in the South of France, award-winning international magician and social media star Xavier Mortimer began his career as a street performer and first achieved notoriety in France in 2006 with his show L’Ombre Orchestre” (The Shadow Orchestra). In 2011, Xavier was one of the finalists of “France Got Talent,” where he met Alex Goude, a notorious French TV show host, and director who proposed the idea of producing a show for him in Las Vegas. After creating the iconic character of Sneaky for Cirque du Soleil’s show Michael Jackson ONE, Xavier started performing his residencies in Las Vegas. In 2016, he opened his show Magical Dream at Planet Hollywood Casino Resort, voted Best Magic show in Las Vegas by the Las Vegas Review-Journal, and voted Best Family-Friendly show in 2019. 

In 2020, Xavier started to post videos on social media and quickly gathered billions of views and over 7 million followers in less than a year. Today, his reach counts over 6 billion views and 12 million followers. Xavier’s current residency at The Strat, “The Dream Maker,” has been named the most awarded show in 2021 in Las Vegas by the Las Vegas Review-Journal. 

Please see below if you would like to check out Xavier’s recent projects:

Website: XavierMortimer.com | Instagram: @xaviermortimer | YouTube: Xavier Mortimer | TikTok: @xavier_mortimer

SOURCE Wall Street Bets





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‘NFTs: Enter the Metaverse’ | Watch the trailer for non-fungible token documentary from ABC Localish Studios

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In 2021, three otherwise unassuming letters would upend the worlds of cryptocurrency, technology, art, and pop culture all at once. NFTs, or non-fungible tokens, were propelled into the mainstream after an unprecedented $69.4 million sale at the historic art auction house Christie‘s in New York City.

The sale of digital artist Beeple‘s Everydays at Christie’s for $69.4 million marked the beginning of a seemingly unstoppable NFT wave, where everyone from digital artists to mainstream celebrities like Paris Hilton, Mark Cuban, Steve Aoki and many others began creating, selling, and collecting NFTs via cryptocurrency on the Blockchain.

While NFTs initially focused on the importance of ownership of digital assets, they soon also became part of a social movement where groups of creators and collectors began communities based on buying and selling NFTs. Some early examples of these groups include CryptoPunks and Bored Ape Yacht Club, but many more have since risen in popularity as the world of NFTs continues to expand and propels new digital artists, like 17-year-old Diana Sinclaire, to international fame.

Following the journey of digital artist Beeple, aka Mike Winklemann, through the historic sale of his Everydays work, “NFTs: Enter the Metaverse” illuminates the social and economic factors that led to the rise of NFTs as well as the implications of NFT technology on the future of the Metaverse. The documentary features appearances by Paris Hilton, Gary Vaynerchuck, Mark Cuban, Steve Aoki, 3Lau, Rebecca Jarvis, Kelly Crow, Kenny Schacter, Diana Sinclair, Daniel Maegaard, and Karsen Daily.

Watch “NFTs: Enter the Metaverse” premiering on May 21st on ABC (check your local listings), ABC News Live and the Localish Network.





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Metaverse

‘NFTs: Enter the Metaverse’ | Watch the trailer for non-fungible token documentary from ABC Localish Studios

Published

on


In 2021, three otherwise unassuming letters would upend the worlds of cryptocurrency, technology, art, and pop culture all at once. NFTs, or non-fungible tokens, were propelled into the mainstream after an unprecedented $69.4 million sale at the historic art auction house Christie‘s in New York City.

The sale of digital artist Beeple‘s Everydays at Christie’s for $69.4 million marked the beginning of a seemingly unstoppable NFT wave, where everyone from digital artists to mainstream celebrities like Paris Hilton, Mark Cuban, Steve Aoki and many others began creating, selling, and collecting NFTs via cryptocurrency on the Blockchain.

While NFTs initially focused on the importance of ownership of digital assets, they soon also became part of a social movement where groups of creators and collectors began communities based on buying and selling NFTs. Some early examples of these groups include CryptoPunks and Bored Ape Yacht Club, but many more have since risen in popularity as the world of NFTs continues to expand and propels new digital artists, like 17-year-old Diana Sinclaire, to international fame.

Following the journey of digital artist Beeple, aka Mike Winklemann, through the historic sale of his Everydays work, “NFTs: Enter the Metaverse” illuminates the social and economic factors that led to the rise of NFTs as well as the implications of NFT technology on the future of the Metaverse. The documentary features appearances by Paris Hilton, Gary Vaynerchuck, Mark Cuban, Steve Aoki, 3Lau, Rebecca Jarvis, Kelly Crow, Kenny Schacter, Diana Sinclair, Daniel Maegaard, and Karsen Daily.

Watch “NFTs: Enter the Metaverse” premiering on May 21st on ABC (check your local listings), ABC News Live and the Localish Network.





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