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E-commerce market cap poised for growth; GTA 6 eyes metaverse

Author: Content Editor
A new report predicts that the metaverse, an immersive virtual world leveraging technologies like virtual reality (VR) and augmented reality (AR), will achieve a market valuation of $255 billion by 2033. This growth is expected to be driven by the need for consumers to have personalized and immersive shopping experiences, as well as the rise of virtual events on metaverse platforms. Venture capital firms are investing heavily in firms building virtual stores, and blockchain integration is seen as a key driver for transparency and security. In the gaming industry, Rockstar Games is reportedly exploring turning Grand Theft Auto VI (GTA 6) into a metaverse, with talks ongoing with creators from Fortnite and Roblox to integrate custom assets and experiences. This highlights the growing interest in integrating the metaverse into mainstream applications, particularly gaming.

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