The value of the metaverse industry is projected to hit about $13 trillion by 2030, with fashion and luxury retail representing $50 billion, a study from Chalhoub Group shows.
Currently, the sector is estimated to have a value of between $40 billion and $65 billion.
The potential is particularly big in the GCC, where a combination of a young tech-savvy population, a favourable regulatory environment and a well-funded start-up ecosystem, in…