We’ve seen the trillion dollar figure thrown about before for the Metaverse, specifically by analysts from JPMorgan (NYSE:JPM). But this new McKinsey report is one of the most telling signs that Mark Zuckerberg’s vision could truly be the next evolution of how we experience the internet.
One of the industries that has been linked to the Metaverse is retail and eCommerce. Indeed, McKinsey is also of the mind that this could be the dominant reason we move over to the virtual universe. The report suggests the retail Metaverse could be worth as much as $2.6 trillion by the end of the decade. McKinsey also stated that companies that are getting in early could have long-term advantages, which explains the rush of global brands setting up shop in the various Metaverse ecosystems.
So if you’re looking for companies already making impacts in the Metaverse, these could be the leaders of the next iteration of eCommerce. Companies like Shopify (NYSE:SHOP), Nike (NYSE:NKE), SFLMaven (OTC:SFLM), Under Armour (NYSE:UA), Gucci, and Louis Vuitton are all making major investments already.
SFLMaven in particular stands out as an interesting investment opportunity in the NFT industry. The company recently set up the world’s first jewelry-based NFT store in Decentraland, and is looking to cash in on the wearable NFT market for avatars within the game.
$JPM $SHOP $NKE $UA $SFLM