Hello everyone!
This is ZELIX, introducing a new concept of metaverse and creating a multi-ecosystem.
In this guide, we will be introducing you to the decentralized multi-metaverse project ZELIX, and this is the 17th part.
In our previous installment of the Multi-Metaverse Project ZELIX Guide, we provided the recent NFT Market status & Set to Bounce back and provide direction on the future trajectory of the ZELIX ecosystem.
In this guide, we will guide you the current status of the Metaverse Market and the future trajectory of the ZELIX ecosystem.
< The Metaverse is back with ‘2.0’ >
The metaverse is displaying indications of recovery following a period of decline. Big tech companies are preparing to launch new metaverses, and the content marketplace, which poses a significant barrier to metaverse expansion, is being revitalized.
This indicates that the Metaverse 2.0 era is fully underway.
As stated by Research and Market, the global market research firm, the anticipated expansion of the global metaverse market is projected to reach $1.334 trillion by the year 2030.
This signifies a compound annual growth rate of approximately 48%, with metaverse usage projected to increase by 2.7 times during the same period, rising from 14.6% to 39.7%.
The industry expert stated that the metaverse trend experienced a rapid rise and fall during the pandemic, emphasizing that companies prioritizing technology and service improvements will emerge as industry leaders amidst the fluctuating landscape of the metaverse.
The metaverse has faced criticism as a rapidly promoted technology in the context of the societal shifts caused by the COVID-19 pandemic.
Numerous companies, such as Meta and Microsoft, have disclosed significant investments and introduced new devices and services under the belief that the metaverse represents the future. However, with the world reverting to its pre-pandemic state, the market has subsequently tempered due to observed deficiencies such as insufficient content and device inconvenience.
U.S sales of virtual reality (VR) headsets and augmented reality (AR) glasses in particular amounted to $664 million by the end of the previous year, falling approximately fifty percent short of the projected figure for 2022 ($1.1 billion), as reported by market research firm.
All individuals within the industry began to exit the market, citing it as overvalued. Even businesses associated with Metaverse NFTs experienced significant declines in trading volumes.
Fortunately, the stagnant Metaverse market has begun to show signs of improvement starting from the second half of 2023, due to the introduction of advanced Metaverse devices by major technology companies.
In late 2023, Meta unveiled its mixed reality device MetaQuest 3, followed by Apple’s release of the MR headset Vision Pro this year.
Due to the robust sales performance of the Quest, Reality Labs, Meta’s Metaverse development division, achieved revenue exceeding $1 billion in the fourth quarter, marking a significant milestone. There has been a 47.3% increase compared to the corresponding period of the previous year.
During the Q4 earnings call, Meta’s CEO expressed the company’s enduring vision for Metaverse as a means to enhance its standing as a prominent technology firm. The industry anticipates that the widespread adoption of generative AI technology will significantly contribute to the growth and expansion of Metaverse.
This is due to the fact that AI technology for image generation will facilitate the development of more intricate virtual environments within the Metaverse and enhance user satisfaction by improving communication through both voice and text mediums.
As the metaverse market of Web 2.0 progresses, the Web 3.0 market will also bring forth associated devices, offering users a more intriguing experience than they have previously encountered.
In conclusion, the ZELIX METAVERSE Platform will be constructed by a diverse group of users within a developing market, in order to facilitate a new phase of metaverse development. This will address the existing constraints of the METAVERSE industry and steer it towards greater efficiency, thereby offering fresh prospects for ZELIX players and investors.
In conclusion
Today, we simply reviewed the current status of the Metaverse Market and the future trajectory of the ZELIX ecosystem.
We will be back with another topic next time.
Thank you.
