The metaverse market has experienced growth in 2024, despite difficult times for the sector last year following the hype of 2021 and 2022. However, the RACA ecosystem has never stopped believing in the overcoming potential and impact of the metaverse and even In the most difficult times, we continued to invest in our metaverse, USM, implementing improvements and expanding our partnerships.
The fruits of our conviction are beginning to materialize. By 2024, the global metaverse market is projected to reach a value of US$116.74 billion and is expected to grow at a compound annual rate (CAGR) of 41.83% until 2029, reaching US$669.96 billion . Another report from Mordor Intelligence predicts that the metaverse market will reach US$1,157.8 billion by 2030, with a CAGR of 44.0% during the period 2024–2030.
Proving RACA’s thesis that the metaverse will continue to grow in the coming years, companies from different sectors have invested heavily in the metaverse. For example, Microsoft acquired Activision Blizzard to strengthen its development in the metaverse and expand its gaming business across multiple platforms. Additionally, the use of NFTs and cryptocurrencies is becoming common, with 53% of US technology companies investing in cryptocurrencies and 44% in NFTs, according to Metaverse Statistics.
This proves once again that the RACA ecosystem is at the forefront of social transformation, investing in projects so that our community can experience the full potential of the union between the physical and digital worlds with blockchain and decentralization.
Supported by DWF Labs, OKX Blockdream Ventures, and the Tachyon accelerator by Consensys Mesh, RACA serves as a web 3.0 infrastructure solution provider. Initially launched as a bidding token with the Maye Musk NFT, RACA has evolved into a robust web3.0 gaming ecosystem!
RACA, the USM native token, serves as a Crypto ‘dApp Store’ of AI Apps and Games, initiated by the ‘Elon Musk’s Mother & Koda NFT’ community
