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The macroeconomic environment will continue to create barriers for firms seeking to drive widespread metaverse adoption 2022 has been a worrisome year for most corporations, as macroeconomic factors have led to a significant decline in consumer spending. Furthermore, the economic uncertainty has also resulted in declining valuation, negative investor sentiments, and lesser-than-expected metaverse adoption among consumers. #ArtificialIntelligenceMarketResearchReport #BlockchainMarketSize

Metaverse is projected to be the future of the online gaming industry More such innovative projects are expected to be launched in the GCC countries over the next three to four years, as Arab nations seek to become the global hub for metaverse innovation and development. As the GCC countries continue to take several steps in integrating the metaverse into their economy and society, TechInsight360 projects the region to lead the growth of the global metaverse industry from the short to medium-term perspective. #MetaverseMarketSize #BlockchainMarketSize

Brands are setting up shops in the metaverse as consumer interest in virtual shopping rises With GCC one of the major markets for luxury consumers, the metaverse can become a game changer for brands that are looking to drive incremental revenue in the region. Consequently, TechInsight360 expects more brands to enter the GCC region over the next three to four years, and launch innovative projects to capitalize on the lucrative, high-growth market. #MetaverseMarketSize #BlockchainMarketSize

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Luxury fashion brands are foraying into the metaverse with NFT launches Luxury brands have turned out to be the early adopters of non-fungible tokens and metaverse technology globally. With both high-end fashion and non-fungible tokens operating on the model of exclusivity and scarcity, luxury brands have been highly receptive to the digital asset class. From Europe to China, many of the global leading luxury fashion brands have already launched innovative NFT and metaverse projects, and the trend is now catching up with players in the United States. #MetaverseMarketSize #BlockchainMarketSize #ArtificialIntelligenceMarketSize #USMetaverseMarketSize