00:15 — This episode is brought to you by the Cloud Wars Expo. This in-person event will be held June 28th to 30th at the Moscone Center in San Francisco, California.
01:05 — A 184-page report by Citi, Metaverse and Money, says the Metaverse is going to be a $13 trillion piece of the economy by 2030. How is it going to make such a significant contribution to the global economy?
01:46 — The analysis assumes that the digital economy in 2030 will be 25% of the entire GDP of the United States. This includes advertising, entertainment, and much of what’s delivered on the Internet—which is moving toward the Web3 and Metaverse direction.
02:14 — The Metaverse is 40% of the digital economy—which is predicted to contribute that $13 trillion by 2030. Executives, what does this mean to you?
02:36 — The Citi report discussed latency, which is how long it takes a signal to get from one end to the other of the data bandwidth. The key to the Metaverse and Web3 is the ability to operate in real-time.
02:58 — A message to executives: Keep implementing Web3. Take advantage of resources to figure out the Metaverse. Focus on latency.
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