Market Research
Cryptoassets have huge growth potential and are in their infancy.
Last updated
Cryptoassets have huge growth potential and are in their infancy.
Last updated
It is a general market research, and market research related to each of your departments is explained in the relevant sections of the business plan.
The concept of Digi was planned long ago, as stated in the introduction. The status of crypto assets, the platform, and the market potential developed under the name of Metaverse, as well as the status of cryptocurrency exchanges, have been discussed in numerous meetings. Business plans were meticulously prepared, and as a result of all these studies, it was decided to proceed with the implementation.
We won't delve too deeply into the future and technology of crypto assets. This issue has already been proven and widely accepted. What we want to address regarding crypto assets is the lack of regulation, the challenge of finding the right starting environment for projects, the prevalence of inexperience, the proliferation of low-quality projects, the use of tokens for liquidity, and the technological weaknesses in many projects. The crypto ecosystem has been infiltrated by scam projects created by anonymous teams, which continue to cause harm. This tarnishes the reputation of crypto, which holds tremendous potential, and this uncertainty discourages institutional investors.
Metaverse offers a unique experience in the world of web3. Once you immerse yourself in this virtual universe, you'll find it to be an incredibly addictive experience that is growing rapidly. However, misusing this virtual universe for purposes other than its intended ones has officially been labeled as fraudulent activity, such as the sale of virtual land. Its full potential remains largely untapped.
The overall market value is currently quite low, and once it is regulated, it is expected to attract a significantly larger number of institutional investors due to the increased trust environment.
Crypto exchanges have had direct or indirect involvement in past criminal activities, and there have been numerous allegations against them. Liquidity issues are prevalent, with most exchanges lacking evidence of adequate reserves. You can purchase tokens/coins from almost any exchange, but selling them becomes a challenge due to depleted order books. This method feels like a grueling ordeal. The absence of regulations or digital identity checks does not instill confidence in these exchanges.
Investors are seeking transparency from teams, yet many projects vanish shortly after their launch. Some project teams remain completely silent and even resort to blocking those who pose questions. This ecosystem undoubtedly does not deserve such practices.
The market is still largely uncharted territory. Projects like ours, which prioritize transparency, do not mislead the community, focus on technology development, and advocate for market regulation, will undoubtedly be the true stewards of this market.
When examining the metaverse projects in the market, it becomes evident that the market size for projects specifically aimed at building metaverse environments is approximately $800 million. However, it's crucial to consider an important aspect with these companies. They often encounter difficulties in establishing connections with the real world, and their assets lack liquidity in real-world terms. In certain cases, it's evident that some of the projects promising metaverse environments are, in reality, 2D platforms, or they have garnered investments by merely creating prototype virtual glasses.
Digiverse, on the other hand, has successfully built a bridge between the real world and the metaverse world. It has demonstrated its prowess in this technological field. Digiverse recognizes that the Metaverse experience is not limited to 2D games, malfunctioning NFTs, tokens traded solely for hype, or virtual land sales. We know how to create a metaverse environment that benefits the ecosystem.
Digiverse aims to achieve a leading position in the market and has a strong focus on achieving this goal. The growth potential of this market is examined in detail in the following sections. However, under these conditions, it would be quite easy for Digi's market value to reach 800 million dollars.
Digi token, which will be gradually released into circulation through a long vesting period, has the potential to directly increase our price to $10, considering the total supply of 100 million.
The global metaverse market size was valued at USD 234.04 billion in 2022 and is projected to grow from USD 416.02 billion in 2023 to USD 3,409.29 billion by 2027, exhibiting a CAGR of 69.2% during the forecast period.
Metaverse is a simulated digital environment enabled by Virtual Reality (VR), Augmented Reality (AR), blockchain, mixed reality, and other advanced technologies. These technologies construct areas to create an exclusive user experience in the virtual environment.
This report comprises information on 3D immersive experience platforms and virtual reality-based services provided by organizations such as NVIDIA Corporation, Meta, Tencent Holdings Ltd., and Roblox Corporation.
This novel concept also uses blockchain to deliver numerous services such as secured transactions, easy accessibility, and digital governance. Additionally, increasing investments in virtual world services that are integrated with blockchain will strengthen the global metaverse market growth. For instance,
In January 2022, Space Falcon, a gaming company, spent USD 4 million to transform its conventional gaming with blockchain technology. In addition, the organization focused on developing a metaverse space with the help of premium NFTs and blockchain technology.
Furthermore, many e-commerce companies are implementing digital world services to showcase their products in the virtual world to obtain real-world experience. Also, these companies are investing heavily in these services, thereby expanding the market size. For instance,
In November 2021, Nike, Inc., a shoe and retail apparel brand, partnered with Roblox Corporation to produce a virtual world called Nikeland. Nikeland allows dressing up with individual avatars in Nike’s branded sneakers and apparel.
In November 2021 Niantic, Inc., an AR and VR platform provider, raised USD 300 million from gaming organization, Coatue Pokémon GO, to create a real-time virtual platform. Moreover, the revenue of the leading players is expected to increase post-pandemic, which may boost the demand for services.
As per the Department for Digital, Culture, Media and Sports report in the U.K., immersive technologies, such as VR and AR, grew rapidly and gained USD 128.36 billion in 2020.
January 2023: The International Organization for Public-Private Cooperation in Geneva, also known as the World Economic Forum (WEF), collaborated with Microsoft and Accenture to build a Global Collaboration Village. This metaverse platform focuses on promoting virtual multi-stakeholder cooperation.
December 2022: Meta mentioned that it would contribute USD 2.5 million to support European academic research for discovering opportunities and problems in the metaverse. With the help of this funding, researchers from seven countries in Europe would study how metaverse technologies affect safety, privacy, inclusiveness, and the future of employment.
September 2022: Meta Platforms collaborated with the IT Ministry of India to release the XR Startup Program to develop advancements in evolving technologies such as virtual and augmented reality. This initiative focused on encouraging technological improvement in smaller towns and cities.
January 2022: Sandbox partnered with Warner Music Group to introduce the first music-themed world into the Sandbox metaverse. With this strategy, Warner Music Group (WMG) would take its first step into the NFT and metaverse sector.
April 2021: Epic Games Inc. received funds worth USD 1 billion to support the market growth in the future. The company’s financing round comprises a USD 200 million strategic investment from the Sony Group Corporation.
It's evident that North America holds a significant position in this market. Example, there is an application released through SmartVerse. We won't disclose its name. It has garnered substantial investments, but it does not constitute a metaverse. We urge the industry to refrain from labeling Android and Play Store apps as metaverse. Let's maintain transparency with the public. While not everyone may grasp the intricacies of technology, we should at least say them on what a true metaverse entails.
You can also access the article, which we believe is one of the best reports about the market, by clicking below.
The growth potential of the market and global recognition of this potential are evident.
We boast a team of experienced individuals with a strong foundation in trust and a commitment to complete transparency.
We have demonstrated how to bridge the gap between the real world and the metaverse for all to see.
We possess a comprehensive understanding of what defines the Metaverse and what it does not encompass.
Our market presence and network strength enable us to seamlessly integrate numerous other projects into our Metaverse environment.
We will convince people that the metaverse is more than just a game; it extends beyond a few videos. If you have an interest in marketing such concepts, you can come to Digiverse, and rest assured that you will produce your best content.Because our platform is best.
Rather than emulating existing technology, our focus is on pioneering entirely new technological solutions. We possess the required network, liquidity, and a talented team to achieve this.
Some useful links(For understand Market situation);
https://www.technavio.com/report/metaverse-market-industry-analysis https://www.acumenresearchandconsulting.com/press-releases/metaverse-market https://www.marketsandmarkets.com/Market-Reports/metaverse-market-166893905.html https://newsroom.paypal-corp.com/2023-06-Metaverse-and-Money https://www.fortunebusinessinsights.com/metaverse-market-106574
The global cryptocurrency exchange platform market size was valued at USD 30.18 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 27.8% from 2022 to 2030. The growing popularity of digital assets, such as cryptocurrencies and Non-Fungible Tokens (NFTs), is anticipated to increase the demand for cryptocurrency exchange platforms. People in developed countries, such as the U.S. and Canada, are rapidly adopting digital currency owing to its flexibility and ease of transaction. In addition, the rising acceptance of mobile-based trading platforms is expected to create opportunities for the industry.
North America dominated the global industry in 2021 and accounted for the maximum share of more than 29.35% of the overall revenue. The growing popularity of cryptocurrency as a value store and the utilization of cryptocurrencies in NFTs in the region is driving the need for cryptocurrency exchange platforms.
It's apparent that research and studies are often focused on Centralized Exchanges (CEXs). However, Decentralized Exchanges (DEXs) also hold significant importance. Binance Smart Chain (BSC) side is primarily dominated by PancakeSwap, while Uniswap leads on the Ethereum (ETH) side. DEX exchanges serve as the initial stepping stones for projects due to their decentralized nature. They provide features like initial volume and initial trading. Many projects begin on DEXs and later move to Centralized Exchange (CEX) listings.
Hybrid platforms offer distinct advantages by incorporating both DEX and CEX capabilities. Consider a scenario where, with certain regulations, all CEXs in a specific country cease to operate. This doesn't signify the end of the crypto industry. Cryptocurrencies are intrinsically linked with financial freedom, and DEXs can continue their operations as they do not require licenses. However, the drawback with DEXs is the inability to directly buy or sell crypto assets through traditional banking channels.
It is increasingly evident to all that a bull season is approaching, and we anticipate witnessing big surge in market volumes during this upcoming bull season.
To prevent overwhelming you with a lengthy discussion, we've provided links below. We will consistently engage in discussions and analyses of these topics through our Ask Me Anything (AMA) sessions and crypto-related activities. Whether you are an investor, an institutional fund interested in technology, or simply a crypto enthusiast, if you've read this far, it should be clear that this market is on the path to becoming a massive industry filled with opportunities. This is why Digiverse is committed to pioneering new technology, both in terms of the metaverse and crypto asset exchanges.
Some useful links(For understand Exchange situation);
https://jfin-swufe.springeropen.com/articles/10.1186/s40854-021-00321-6
https://www.vantagemarketresearch.com/industry-report/cryptocurrency-exchange-platforms-market-1725
https://www.alliedmarketresearch.com/crypto-currency-market
https://www.researchandmarkets.com/reports/5649000/cryptocurrency-exchange-platform-market-size
https://www.grandviewresearch.com/industry-analysis/cryptocurrency-exchange-platform-market-report
https://www.sphericalinsights.com/reports/cryptocurrency-exchange-platform-market
