In an attempt to maintain trust in web3, Meta says that metaverse could contribute US$3 trillion to global GDP

Report was released last Friday; Just last week, Meta's CEO had also gone to the press to talk about his confidence in the metaverse

After criticism, Mark Zuckerberg talks about the deadline for the metaverse to succeed: “horizon of five to ten years” 

At an event promoted by The New York Times, the CEO of Meta - owner of Facebook and Instagram - Mark Zuckerberg, said he was confident about the metaverse in the long term. At the event, held last Wednesday (30), Zuckerberg pointed out a period of five to ten years for the metaverse to turn around. The company added billions of dollars in losses after an early attempt to introduce the technology, and now it has been asked about when the bet will come to fruition.

O release was made by Edward Bowles, managing director of financial technology at Meta. According to him, “initial estimates indicate that the economic contribution of the global metaverse could be more than US$3 trillion by 2031”. 

According to the executive, world authorities must adapt and define clear rules for technologies Web3.0. 

“To responsibly build the metaverse economy and ensure that its innovations benefit as many people, businesses, and creators as possible, it is important that policymakers establish fair rules for web3 technologies that keep people safe and promote innovation,” added the director. 

The information, released last Friday, the 5th, also says that cities such as Dubai, Seoul and Taiwan would already be at the forefront of economic opportunities in the metaverse. For the company, sectors such as education and work would benefit greatly from technology. 

For the executive, web3 resources such as cryptocurrencies and NFTs are already in the sights of social media users

No Twitter, Bowles also said that thousands of users are already taking an interest in web3.0: “We are seeing promising signs on our platforms: more than 400 active users have connected digital wallets to Instagram and Facebook to use our new digital collectibles features.”