Too Long; Didn't Read
The Metaverse, also known as cyberspace, is a billion dollar market that is only expected to grow in the coming years. In 2020, the market was worth $47.69 billion and had an expected compound annual growth rate (CAGR) of 43.3% with 45% of the global market revenue being attributed to North America. Platforms like Ready Player Me, Decentraland, and Horizon Worlds have found great success in the Metaverse in recent years. On these platforms, players can create avatars, customize worlds, compete with others, and even buy digital assets using cryptocurrency.