30% of Italian and foreign companies have already invested or intend to invest in the main emerging technologies, including the metaverse and NFT and 25% intend to do so during 2023 but governments should regulate the market further, as current legislation does not turns out to be completely adequate to respond to the different scenarios enabled by Web 3.0.
This is what emerges from the report "Web 3.0: Metaverse and NFT", created by EY, in collaboration with the Luiss Guido Carli Research Center in Strategic Change.
From the survey carried out by interviewing over 100 CEOs and top managers of some of the most important Italian and foreign companies, the considerable potential of Web 3.0 emerges in shaping the future business models of companies, but also the need for more organic regulation to ensure that can take full advantage of their opportunities.
Furthermore, a considerable growth in the impact of the metaverse on the portfolio of services and products offered is expected over the next decade: over 40% of respondents believe that the average growth rate of the metaverse market in terms of expected revenues in the next 10 years will be higher at 40%.
However, the propensity is to invest with caution: