McKinsey & Co.: Metaverse could reach $5 trillion in value by 2030

McKinsey & Co.’s new research shows the metaverse could grow up to $5 trillion in value by 2030. That illustrates the impact the metaverse is expected to have across key sectors and businesses over the years.

McKinsey said the report, dubbed Value creation in the metaverse, shows the metaverse may be too big to ignore. Many of us think of this as science fiction, as the metaverse is the universe of virtual worlds that are all interconnected, like in novels such as Snow Crash and Ready Player One. But it has become a vision for the next generation of computing, as a spatial version of the internet. (Neal Stephenson, author of Snow Crash, which was published in 1992, just started an open metaverse effort dubbed Lamina1).