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Mark Zuckerberg Expects Billions of People to Use the Metaverse Generating Massive Revenue for Meta – Metaverse Bitcoin News

Mark Zuckerberg Expects Billions of People to Use the Metaverse Generating Massive Revenue for Meta


Mark Zuckerberg, formerly of Facebook’s Meta CEO, has shared how the Metaverse will be an important part of their business and bring in hundreds of billions of dollars in revenue. “Our playbook has been building services over time, try to serve as many people as possible,” Zuckerberg said.

Mark Zuckerberg on the Metaverse

Mark Zuckerberg, formerly of Facebook’s Meta Platforms CEO, talked about the Metaverse in an interview Wednesday with Jim Cramer, host of CNBC’s Mad Money.

The Facebook co-founder explained that he expects the metaverse to scale and become a large part of his company’s business over the next decade. Commenting on Meta’s Metaverse efforts, Zuckerberg said:

Over time our playbook is building out services, try to serve as many people as possible – you know, get our services to a billion, two billion, three billion people, and then we basically do that. Then measure monetization.

“We expect, basically, about a billion people in the metaverse doing hundreds of dollars of commerce,” he continued, adding that people can buy “digital goods, digital content, [or] Different things to express themselves” in the metaverse.

Zuckerberg listed some examples of what people might buy are “clothes for their avatar or different digital goods for their virtual home or things to decorate their virtual conference room”. He added that people can also buy utilities “to be able to be more productive in virtual and augmented reality, and in the metaverse as a whole.”

However, he acknowledged that there is a long way to go, saying:

I still think it will take some time for it to reach the scale of several millions or even billions of people in the metaverse, simply because it takes a while for things to get there.

“So that’s the North Star. I think we’ll get there. But, you know, the other services that we’re running are already somewhat massive today,” he confirmed.

Zuckerberg envisioned the experience in the Metaverse to be more immersive than text, photos or videos, noting that people can also make eye contact when meeting in the Metaverse. “The technology seamlessly combines to provide this realistic sense of presence,” said the Facebook co-founder.

“We’re at this point, you know, a company that can make some big long-term research investments, and that’s a big focus,” said the Meta CEO.

Last week, Meta, Microsoft and 31 other companies formed a Metaverse standards group. In March, Meta filed eight trademark applications for its logo and Meta Pay covering Metaverse and crypto services.

Several large firms have estimated the size of the metaverse. McKinsey & Company said last week that the metaverse could generate $5 trillion by 2030. In March, Citi predicted that the metaverse could be a $13 trillion opportunity with five billion users by 2030. Global investment banks Goldman Sachs and Morgan Stanley both see the metaverse as an $8 trillion opportunity.

What do you think of Mark Zuckerberg’s Metaverse comments? Let us know in the comments section below.

Kevin Helms

An Austrian economics student, Kevin found bitcoin in 2011 and has been an evangelist ever since. His interest lies in bitcoin security, open-source systems, network effects, and the intersection between economics and cryptography.

image credit: Shutterstock, Pixabay, WikiCommons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation or recommendation or endorsement of an offer to buy or sell any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the Company nor the author is responsible, directly or indirectly, for any damage or loss alleged to be caused by or in connection with the use or reliance on any content, goods or services mentioned in this article.

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\n\"Mark\n<\/div>\n

Mark Zuckerberg, formerly of Facebook's Meta CEO, has shared how the Metaverse will be an important part of their business and bring in hundreds of billions of dollars in revenue. \"Our playbook has been building services over time, try to serve as many people as possible,\" Zuckerberg said.<\/strong><\/p>\n

Mark Zuckerberg on the Metaverse<\/h2>\n

Mark Zuckerberg, formerly of Facebook's Meta Platforms CEO, talked about the Metaverse in an interview Wednesday with Jim Cramer, host of CNBC's Mad Money.<\/p>\n

The Facebook co-founder explained that he expects the metaverse to scale and become a large part of his company's business over the next decade. Commenting on Meta's Metaverse efforts, Zuckerberg said:<\/p>\n

Over time our playbook is building out services, try to serve as many people as possible - you know, get our services to a billion, two billion, three billion people, and then we basically do that. Then measure monetization.<\/p><\/blockquote>\n

\u201cWe expect, basically, about a billion people in the metaverse doing hundreds of dollars of commerce,\u201d he continued, adding that people can buy \u201cdigital goods, digital content, [or] Different things to express themselves\u201d in the metaverse.<\/p>\n

Zuckerberg listed some examples of what people might buy are \"clothes for their avatar or different digital goods for their virtual home or things to decorate their virtual conference room\". He added that people can also buy utilities \"to be able to be more productive in virtual and augmented reality, and in the metaverse as a whole.\"<\/p>\n

However, he acknowledged that there is a long way to go, saying:<\/p>\n

I still think it will take some time for it to reach the scale of several millions or even billions of people in the metaverse, simply because it takes a while for things to get there.<\/p><\/blockquote>\n

\"So that's the North Star. I think we'll get there. But, you know, the other services that we're running are already somewhat massive today,\" he confirmed.<\/p>\n\n

Zuckerberg envisioned the experience in the Metaverse to be more immersive than text, photos or videos, noting that people can also make eye contact when meeting in the Metaverse. \"The technology seamlessly combines to provide this realistic sense of presence,\" said the Facebook co-founder.<\/p>\n

\"We're at this point, you know, a company that can make some big long-term research investments, and that's a big focus,\" said the Meta CEO.<\/p>\n

Last week, Meta, Microsoft and 31 other companies formed a Metaverse standards group. In March, Meta filed eight trademark applications for its logo and Meta Pay covering Metaverse and crypto services.<\/p>\n

Several large firms have estimated the size of the metaverse. McKinsey & Company said last week that the metaverse could generate $5 trillion by 2030. In March, Citi predicted that the metaverse could be a $13 trillion opportunity with five billion users by 2030. Global investment banks Goldman Sachs and Morgan Stanley both see the metaverse as an $8 trillion opportunity.<\/p>\n

What do you think of Mark Zuckerberg's Metaverse comments? Let us know in the comments section below.<\/strong><\/em><\/p>\n

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\n\n\n\nKevin Helms <\/h6>\n

\n\n\n\nAn Austrian economics student, Kevin found bitcoin in 2011 and has been an evangelist ever since. His interest lies in bitcoin security, open-source systems, network effects, and the intersection between economics and cryptography.\n\n\n\n<\/span>\n<\/p>\n<\/div>\n<\/div>\n\n\n\n

image credit<\/b>: Shutterstock, Pixabay, WikiCommons<\/em><\/p>\n\n\n

Disclaimer<\/strong>: This article is for informational purposes only. It is not a direct offer or solicitation or recommendation or endorsement of an offer to buy or sell any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the Company nor the author is responsible, directly or indirectly, for any damage or loss alleged to be caused by or in connection with the use or reliance on any content, goods or services mentioned in this article.<\/p>\n<\/div>\n\n\n\n