Market Overview
Last updated
Last updated
Socialogue is a well-rounded Social NFT Marketplace with integration into Metaverse. By combining all the booming markets, the platform is present to a favorable exponential growth environment. The current market state and its forecast need to be considered by three business verticals:
Over 3.6 billion people were using social media worldwide in 2020, and the number of users is forecasted to increase to almost 4.41 billion in 2025;
In 2022 the NFT market is expected to reach $35 billion in sales volume, and based on the current growth rate, it is forecasted to reach $80 billion in sales by 2025;
The Metaverse market size reached over $47 billion in 2020 and is projected to reach $828 billion in 2028.
The Socialogue team believes that Metaverse is a game-changing technology, but it has more potential than current Metaverse displays. The market lacks niched 3D virtual worlds. Socialogue is creating a Metaverse dedicated to art. Serving as a virtual place for numerous digital art galleries, Socialogue is yet tapping into another huge market. Despite the pandemic, the global art market finished the year 2020 strong, being evaluated at $50 billion.
