JPMorgan: China’s Metaverse-Related Economy Could Reach $4T
The metaverse – an immersive digital world created by the combination of virtual reality, augmented reality and the internet – will have “profound implications” for China and will affect gaming, advertising and e-commerce, JPMorgan (JPM) said in a research report last week.
The digital world will offer an improved user experience across various internet business models, and this could lead to increased user penetration and average revenue per user (ARPU), the report said. The bank’s bullish scenario suggests that the metaverse could triple China’s online-gaming market to $131 billion from $44 billion. The metaverse “could digitalize everything in the long term,” the bank said.
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