Metaverse virtual real estate will record growth of US$5.37 billion by 2026

[Metaverse Virtual Real Estate will record growth of US$5.37 billion by 2026] Jinse Finance reported that according to the "Metaverse Real Estate Market by End User and Geographic Region - 2022-2026 Forecast and Analysis" released by market research company Technavio, The recorded growth of Metaverse Virtual Real Estate before 2026 will reach US$5.37 billion, with a compound annual growth rate of 61.74%. On the basis of geographic segment, over 41% of the growth during the forecast period will come from the North American market, followed by Europe and Asia Pacific. In addition, the enterprise market share will grow significantly, and more large companies including Nike, Facebook and Microsoft will enter the virtual real estate market. (PR Newswire)

Other news:

Metaverse hardware will use Broadcom chips, with an annual scale of more than $1 billion: On May 31, JPMorgan analysts said today that Facebook parent company Meta Platforms will use Broadcom's custom chips to produce its "Metaverse" hardware. This means that Meta Platforms will become Broadcom's "next billion dollar" ASIC chip customer.

ASIC (application-specific integrated circuit) chips will generate between $2 billion and $2.5 billion in revenue for Broadcom this year, thanks to the Broadcom-Meta deal and partnerships with Alphabet and Microsoft, JPMorgan said.

Analyst Harlan Sur (Harlan Sur) said: "We believe that these contracts are mainly 5nm and 3nm processes, which will be used to support Meta's metaverse hardware architecture." Currently, Meta is investing heavily in metaverse. , including adding new capabilities to the hardware as an entry point to its metaverse. (Whip Cowman)[2022/6/1 3:53:57]

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