Metaverse Gaming, NFT’s Could Account for 10% of Luxury Market by 2030: Morgan Stanley

Posted on by American Coins & Gold

Metaverse Gaming, NFT’s Could Account for 10% of Luxury Market by 2030: Morgan Stanley
Although luxury brands don’t derive a lot of revenue from digital mediums right now, this could change soon, according to a research note from Morgan Stanley published last week.Metaverse gaming and NFT’s could represent a 50 billion euro revenue opportunity for the sector by 2030.”NFTs and social gaming present two near-term opportunities for Luxury Brands, allowing them to monetise their vast IP built over decades,” the report says. Dolce & Gabbana’s sale of 9 NFTs for $5.7 million shows the huge potential for “virtual and hybrid luxury goods,” and the bank estimates that the NFT market will grow to around…