While the 2022 bear market has dampened the excitement around nascent cryptocurrency sub-ecosystems such as non-fungible tokens (NFTs), the metaverse remains well-positioned for a long-term disruption. Given the myriad of consumer- and enterprise-focused use cases that the Metaverse can cater to, McKinsey estimates that more than 50% of live events could be held in the Metaverse by 2030, potentially generating as much as $5 trillion in value .