Digital Asset Outlook 2022
2022 Thematic Snapshot
2022 Snapshots
Theme 4: NFT and Metaverse in 2022 ▪
New NFT use cases and partnerships will empower metaverse companies to create new user experiences and contents.
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Connected metaverses are being built to allow players to move around metaverses while keeping their digital assets.
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2022 will see legal debates around NFTs and metaverse. NFTs (decentralized in nature) challenge the traditional ownership conception in IP laws that are territorial and based on physical products.
Core thesis
1tr Metaverse future revenue opportunity (US$)
The metaverse is an irreversible thematic tailwind gaining traction among users and corporations. Metaverses allow users to create a digital identity to interact in the new gaming universe and empower corporations to reach new consumer demographics. NFTs, which are digital representations of digital or physical objects, have moved rapidly to become building blocks of the metaverse.
Significance and Disruptive Impacts The still-nascent market for NFTs has massive upside. New use cases and economic models will continue to reshape core concepts such as identity, asset ownership and security. NFTs can drive greater engagement and align incentives for the creators and community, increasing transparency and liquidity. The metaverse will disrupt multiple industries – the technology is still at an early stage of development, and more use cases in different sectors are being discovered.
Expectation for 2022
30
bn
1.
“Flippening” events in NFTs and Metaverse The onset of Covid has made in-person communication difficult and caused people to gravitate towards virtual experiences. When (if ever) will it reach the tipping point that experiences in the Metaverse will “flip” those in the real economy? (See Interview with Alex Kent, TPS Capital and Interview with Bowie Lau, True Global Ventures)
2.
Battle between metaverses There will be a battle between crypto-native metaverses and those created by centralized gaming and corporate entities. With increased competition comes more innovation from centralized and decentralized players. (See Interview with Sébastien Borget, The Sandbox, Interview with Kevin Loo, New Vision)
Market cap of web3 metaverse companies (US$)
23
