Metaverse growth soars with generative AI: 600 million users expected by 2026

In a groundbreaking report, it has been revealed that the number of users in the Metaverse, is set to skyrocket beyond 600 million by 2026. The driving force behind this exponential growth is generative artificial intelligence (AI), a technology that has gained significant attention in recent years due to its remarkable capabilities.

Generative AI revolutionises the Metaverse, paving the way for immersive experiences

Unlike traditional AI, which operates on explicit rules, generative AI possesses the unique ability to autonomously generate content, images, audio, and entire virtual worlds. This revolutionary technology is rapidly transforming the Metaverse landscape by empowering users to co-create and personalise their virtual experiences, bridging the gap between imagination and reality.

"Generative AI marks a pivotal moment in the evolution of the Metaverse. It empowers users to co-create and personalise their virtual experiences, bridging the gap between imagination and reality. As we witness its integration within Metaverse applications, it is no longer a question of 'if,' but 'when' the Metaverse will become an integral part of our daily lives," says Alice Leetham, a crypto expert.

The Metaverse and Generative AI's potential to disrupt industries worldwide

The convergence of generative AI and the Metaverse is set to have a profound impact on numerous industries, with traditional gaming taking center stage. As more users flock to the Metaverse, gaming experiences are expected to evolve into more open-ended, player-driven interactions, giving rise to entire virtual economies. This would enable the creation and exchange of digital in-game assets with real-world value.

Indian Metaverse platform to grow 40% annually

As per reports, the Metaverse and Web3 market opportunity in India will grow at an annual rate of nearly 40 per cent, with the potential to become a $200 billion industry by 2035. Globally, the Metaverse is projected to become a $13 trillion opportunity by 2030, accounting for approximately 8 per cent of the $160 trillion global GDP.

The future of the Metaverse seems promising, with generative AI at its core, revolutionizing how we interact, play, and conduct business in virtual environments. As this groundbreaking technology continues to evolve, it is evident that the Metaverse is poised to become an integral part of our daily lives, redefining the boundaries of what is possible in the digital realm.