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Morgan Stanley Sees $8 Trillion Metaverse Market — In China Alone – Blockworks

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In a note to investors, Morgan Stanley said mass adoption of the virtual world will “take a long time, given major technological and regulatory hurdles.”
The metaverse has been a hot-button term, with corporations ranging from Meta to Microsoft using it in their business plans. But recently massive investment banks such as Morgan Stanley have added it to their lexicon as well.
The Wall Street giant said in a note to investors that the nascent virtual space in China alone would become an $8 trillion market in the future — the same valuation fellow investment bank Goldman Sachs recently forecast the metaverse would be worth globally.
The actual value could be even higher: Morgan Stanley said it excluded NFTs from its metaverse valuation because “restriction on cryptocurrencies creates uncertainty on the potential “blue-sky” opportunity in non-fungible tokens.” New verticals such as virtual concerts and other digital collectibles were also excluded.  
Analysts at the investment bank predict the metaverse’s initial total addressable market (TAM) in China will be approximately $4 trillion, as it replaces the mobile internet with a more “immersive experience.” 
Once the metaverse begins disrupting offline activity, such as vehicle test-drives, real-estate showings and education, that opportunity will swell to $8 trillion.
“The metaverse will become the next generation platform to replace the mobile internet,” the note said. “We expect the metaverse TAM to be expansive and go beyond the current online consumption market, which is mainly dominated by e-commerce and online entertainment spending.”
Virtual reality headsets offer early exposure to the metaverse for investors, according to the bank, which described the technology as “an entry ticket to the metaverse.” These include investments in hardware such as Goertek, Sunny and Luxshare, along with semiconductors such as MediaTek, Will and TSMC.
Garrette David, co-founder of Web3 startup Atomic Form, described the bank’s mentions of the metaverse as “a huge positive,” adding it signals institutional adoption for cryptocurrency as an asset class at-large.
“Given the speed at which they’re reporting it, I would say we are definitely mainstream,” David told Blockworks.
“It took banks years to publicly sell interests in, or comment on, the economics behind public networks and blockchains.”
However, Morgan Stanley said mainstream adoption of the metaverse will “take a long time, given major technological and regulatory hurdles.”
“We are already living in a digital world, spending six hours-plus per day online, so mass adoption of the metaverse will require significantly better immersive experience versus the current mobile internet offerings,” the note said.
Potential regulatory hurdles include the Chinese government’s “increasing focus on minors’ addiction, personal information protection, data security [and] openness of ecosystem.”
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Meta's losses show the metaverse's costly risk – Insider Intelligence

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Facebook parent Meta launches startup accelerator with India’s IT ministry in metaverse push – TechCrunch

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Meta Platforms is looking at India’s burgeoning startup ecosystem as it bolsters its bet on the metaverse. The social juggernaut has partnered with the Indian IT Ministry’s startup hub to launch an accelerator in the country to broaden innovation in emerging technologies, including augmented reality and virtual reality, officials said Tuesday.
MeitY Startup Hub and Meta’s effort, called XR Startup Program, will work with 40 early-stage startups and help them in research and development and developing workable products and services. Each startup will also receive a grant of over $25,000, the American giant said.
The program, supported by Meta’s $50 million XR Programs and Research Fund, will initially hand pick 80 startups to attend a bootcamp. It will also help startups with finding customers, inking relationships and raising funds, Meta said.
Rajeev Chandrasekhar, Minister of State for Electronics & Information Technology and Skill Development and Entrepreneurship, said the program is especially aimed at helping encourage technology innovation in smaller cities and towns.
The XR Startup Program is the latest of Meta’s growing participation in the South Asian market’s upskilling efforts. The firm, whose Facebook and WhatsApp services identify India as their largest market by users, partnered with Central Board of Secondary Education, a government body that oversees education in private and public schools in the country, to launch a certified curriculum on digital safety and online well-being, and augmented reality for students and educators in the country.
The program — to be implemented by four Indian institutions, including IIT Delhi — will also host a “grand challenge” for innovation in categories including education, healthcare, entertainment, agritech, climate action, sustainability and tourism, the American giant said.
“India will play a pivotal role in defining future technologies. Decisions and investments made here in India now shape global discussions on how technology can deliver more economic opportunity and better outcomes for people. It is critical that we help to create an ecosystem that will enable India’s tech startups and innovators to build the foundations of the metaverse,” said Joel Kaplan, VP of Global Policy at Meta, in a statement.
Meta’s interest with working with startups in India is also not newly found. The company has backed three startups in the country, including social commerce platform Meesho and online education group Unacademy.
3 views: Is the metaverse for work or play?

“India’s rapid tech adoption combined with a vast pool of tech talent puts the country in a vantage position for shaping the future of the internet,” said Ajit Mohan, VP and MD of Facebook India, in a statement.
“For this future to be equitable, it will require active participation from all stakeholders, including developers, businesses, creators, policymakers, and entrepreneurs. We are excited to collaborate with MeitY Startup Hub and hope that the XR Startup Program will act as a catalyst to unlock the use of immersive technology across sectors like education, healthcare, agritech and tourism, not only in India but across the globe.”

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WHAT IS QUILVIUS (QVUI)? LET'S EXPLORE THIS UPCOMING METAVERSE CRYPTO PROJECT – Asianet Newsable

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WHAT IS QUILVIUS (QVUI)? LET’S EXPLORE THIS UPCOMING METAVERSE CRYPTO PROJECT  Asianet Newsable
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