Metaverse Virtual Assets - Serbia

The projected value of the Metaverse Virtual Assets market in 2024 is expected to reach US$2.3m.
It is estimated that the market will continue to grow at an annual rate of 24.13% from 2024 to 2030.
This growth is projected to result in a market volume of US$8.3m by 2030.
It should be noted that United States is the country generating the most value in this market, with a projected market volume of US$1.1bn in 2024.
In terms of users, it is expected that the number of users in the Metaverse Virtual Assets market will reach 104.8k users by 2030.
The user penetration rate, which is currently at 1.3% in 2024, is projected to increase to 1.5% by 2030.
Lastly, the average value per user (ARPU) is expected to amount to US$24.5.
Serbia is experiencing a growing demand for Metaverse Virtual Assets as the country's tech-savvy population embraces the potential of immersive digital experiences.

Definition:

The Virtual Assets market refers to the buying, selling, and trading of digital assets within virtual worlds and metaverse platforms. These assets range widely and include virtual currency and virtual collectibles.

Structure:

The Virtual Assets market includes Cryptocurrencies and NFTs. Cryptocurrencies refer to digital or virtual currencies that use cryptography for security, are decentralized, and operate independently from a central bank. They can be used as a medium of exchange within virtual worlds and metaverse platforms, which enable users to buy and sell virtual assets and make transactions without the need for a traditional financial intermediary. NFTs, or non-fungible tokens, are a type of digital asset that represents ownership of a unique item, such as a virtual collectible, virtual artwork, or virtual real estate property. Unlike cryptocurrencies, NFTs cannot be replaced by an identical copy, and their ownership is verified on a blockchain ledger. NFTs can be used to represent ownership of virtual assets within virtual worlds and metaverse platforms, and they can be bought, sold, and traded just like physical assets.

Additional Notes:

The market comprises market sizes, users, average revenue per user, and penetration rates. Market sizes show transaction values generated thorugh the metaverse using virtual assets. Market numbers for Virtual Assets are also featured in the Digital Media insights. Most used cryptocurrencies and NFTs in the market include Ethereum, Bitcoin, and Enjin Coin. For more information on the data displayed, use the info button right next to the boxes.

Cryptocurrencies used to buy goods in the metaverse, such as Ethereum
Non-fungible tokens bought in and for the metaverse, such as on OpenSea

Non-related metaverse transactions with cryptocurrencies, such as buying physical good with Bitcoin
Non-related metaverse transactions of Non-fungible tokens, such as buying digital art or collectibles

The Metaverse Virtual Assets market in Serbia is experiencing significant growth and development, driven by customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. Customer preferences in Serbia are shifting towards virtual assets in the Metaverse due to their potential for financial gain and unique digital experiences.

Serbian consumers are increasingly interested in investing in virtual assets such as digital currencies, non-fungible tokens (NFTs), and virtual real estate. They see these assets as a way to diversify their investment portfolios and participate in the growing digital economy. Additionally, the younger generation in Serbia, who are more tech-savvy and open to new digital experiences, are particularly drawn to the Metaverse and its virtual assets.

Trends in the market are also contributing to the development of the Metaverse Virtual Assets market in Serbia. The global rise of blockchain technology and decentralized finance (DeFi) has created new opportunities for virtual asset ownership and trading. Serbian investors are taking advantage of these trends by participating in decentralized exchanges and investing in blockchain-based projects.

Furthermore, the increasing popularity of NFTs, which allow for the ownership of unique digital assets, has sparked interest in the Metaverse Virtual Assets market in Serbia. Artists and creators in Serbia are exploring the potential of NFTs to monetize their digital artwork and intellectual property. Local special circumstances in Serbia are also playing a role in the development of the Metaverse Virtual Assets market.

The Serbian government has shown support for blockchain technology and digital innovation, creating a favorable regulatory environment for virtual assets. This has attracted foreign investment and encouraged local entrepreneurs to explore opportunities in the Metaverse. Additionally, Serbia's relatively low cost of living and skilled tech workforce make it an attractive destination for companies and projects in the virtual asset space.

Underlying macroeconomic factors are further driving the growth of the Metaverse Virtual Assets market in Serbia. The global pandemic has accelerated the adoption of digital technologies and online platforms, creating a greater demand for virtual assets and experiences. As Serbia continues to digitize its economy and embrace technological advancements, the Metaverse Virtual Assets market is poised to thrive.

Furthermore, the global financial landscape, with low interest rates and volatile traditional markets, has led investors to seek alternative assets such as virtual currencies and NFTs, contributing to the growth of the market in Serbia. In conclusion, the Metaverse Virtual Assets market in Serbia is experiencing significant growth and development due to customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. Serbian consumers are increasingly interested in virtual assets for financial gain and unique digital experiences, while global trends in blockchain technology and NFTs are creating new opportunities.

The supportive regulatory environment and favorable economic conditions in Serbia further contribute to the market's growth.

Data coverage:

Figures are based on transaction values, revenues, and assets under management.

Modeling approach / Market size:

Market sizes are determined by a top-down approach, based on a specific rationale for each market market. As a basis for evaluating markets, we use reports, third-party studies, and research companies. Next we use relevant key market indicators and data from country-specific associations such as GDP, consumer spending, and internet penetration rates. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, the S-curve function and exponential trend smoothing are well suited to forecast digital products and services due to the non-linear growth of technology adoption. The main drivers are consumer spending per capita, level of digitalization, cloud revenues.

Additional Notes:

The market is updated twice per year in case market dynamics change. Consumer Insights data is unbiased for representativeness.

This report presents a comprehensive analysis and additional information on the Advertising & Media market, in a PDF format.

Regarded as the next iteration of the internet, the metaverse is where the physical and digital worlds come together. As an evolution of social technologies, the metaverse allows digital representations of people, avatars, to interact with each other in a variety of settings. Whether it be at work, in an office, going to concerts or sports events, or even trying on clothes, the metaverse provides a space for endless, interconnected virtual communities using virtual reality (VR) headsets, augmented reality (AR) glasses, smartphone apps, or other devices.