Cryptopolitan 2021-09-24 15:40:24

Metaverse Revenue Models in 2021

The current Metaverse Revenue Models As the world advances towards Industry 4.0, the idea of a metaverse is being actualized. The Metaverse is aimed at creating a digital world but also causes fundamental changes in the internet as a whole. The Metaverse as a business model is not fully developed, leave alone the revenue models. This is a result of the rapid growth of the fictional world and how fast it is diversifying.  Currently, video games have a revenue model that generates 175.8 billion USD from selling digital assets. According to William Quigley, the co-founder of Tether (USDT), the amount could be higher in the Metaverse as this amount is generated by video games only. Tether is a cryptocurrency classified as a stablecoin since it has pegged its value to the US dollar’s fiat currency. Quigley explains that with the use of NFTs, the amount could rise North of 10 Trillion!  NFTs will be the Revenue Model for Metaverse Incorporating NFTs in the revenue model for the Metaverse will bring about radical changes that are mostly positive. This is because of the rapid growth of NFT markets. Referring to an article by Forbes, NFTs hae recorded a surge of 1785% in 2021. The value of NFTs is dependent on the value of Ethereum, which has also been on a spike. The research shows that the future of NFTs in different sectors of the economy is promising. Are they to be used in the metaverse revenue model, they will be capable of...

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