![Weekly Wrap: What's Happening in the Metaverse This Week? [June 20, 2022] | CoinMarketCap](https://i.headtopics.com/images/2022/6/21/coinmarketcap/weekly-wrap-what-s-happening-in-the-metaverse-this-week-june-20-2022-coinmarketcap-1539088215843299328.webp)
What's hot in the metaverse this week, with nansen_ai 🔥 From McKinsey predicting a $5T metaverse industry by 2030, to Noah Davis leaving Christie's NFT to head up the CryptoPunks brand.
by 2030. Despite the significant traction the sector has gained of late, a new report from international consulting firm McKinsey & Company has given a more conservative figure.
Following the survey of 3,104 consumers in 11 countries, McKinsey notes that nearly 60% of the respondents prefer at least one activity in the metaverse compared to its physical counterpart. Furthermore, 79% of consumers that are already active in the metaverse have already purchased virtual goods, while another 78% have either played social games or attended virtual events.
According to the regulator, the metaverse is expected to boost the region’s software, information services and electronics manufacturing industries, fueling a digital economy in the post-pandemic era. Away from its metaverse plans, officials revealed that Shanghai has plans for a digital economy, as well as green, low-carbon, and smart terminals by 2025.India’s telecom giant Airtel is following in theto establish a presence in the metaverse. Bharti Airtel has launched India’s first multiplex on the Partynite Metaverse platform as an extension of its Xstream Premium offering.
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