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'Pets and the Metaverse [Infographic]' by nowsourcing pets metaverse
and had an expected compound annual growth rate of 43.3%. With 45% of the global market revenue being attributed to North America, the Metaverse has gained traction and success on a global scale.
The Metaverse is a fairly consolidated market, meaning that few players account for the majority of the revenue. Another main reason for its success is an increased focus on the convergence of the digital and physical worlds through the internet. On the other hand, some challenges that have arisen since the conception of this revolutionary technology are concerns about data privacy, security, user identity, and the use of payment systems.
Who will lead the Metaverse race? Popular programs in cyberspace foster unique opportunities for users to take full advantage of what the Metaverse has to offer. On these platforms, players can create avatars, customize worlds, compete with others, and even buy and sell digital assets using cryptocurrency.
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