The global metaverse market size was USD 48.12 Billion in 2020 and is expected to register a revenue CAGR of 44.1% during the forecast period. Rising demand for virtual assets, increasing usage of Non-Fungible Tokens (NFTs) to trade digital assets, growing focus on developing metaverse platforms for diverse applications by tech giants, and rapid development of Decentralized Finance (DeFi) applications are among some of the key factors expected to continue to drive market revenue growth during the forecast period.

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