A report commissioned by Meta Platforms, the owner of Facebook, suggests that the metaverse could contribute up to 760 billion USD or 2.4% of US annual GDP by 2035.

The metaverse comprises augmented and virtual reality technologies that allow users to immerse themselves in a virtual world or digitally overlay information on real-world images. The report, by consulting firm Deloitte, suggests that economic benefits could arise from the use of such technologies in industries such as defense, medical and manufacturing, as well as for entertainment purposes like video games and communication.

Meta, the social media company formerly known as Facebook, is projecting that the metaverse will eventually surpass mobile as the primary computing platform. Investors have raised concerns about the large investments being made into the metaverse project, as the advertising sector downturn has put pressure on the company's revenue growth.

A separate report by Meta stated that the European Union could see an increased economic opportunity of up to 571 billion USD in annual GDP by 2035, or approximately 1.3% to 2.4% of its total GDP, through the use of metaverse technologies

Any potential growth or good news about Metaverse are of course good news for cryptocurrency, as their use is expected to grow exponentially. 

Sources:

https://www.investing.com/news/stock-market-news/metaverse-could-contribute-up-to-24-of-us-gdp-by-2035--study-3077496

https://www.reuters.com/technology/metaverse-could-contribute-up-24-us-gdp-by-2035-study-2023-05-09/

https://www.businesstimes.com.sg/international/metaverse-could-contribute-24-us-gdp-2035-study

https://economictimes.indiatimes.com/tech/technology/metaverse-could-contribute-up-to-2-4-of-us-gdp-by-2035-study/articleshow/100109216.cms