According to a recent report released by Dappradar, the total financing of Metaverse projects from the beginning of 2023 to the end of June was approximately US$707 million. Although this figure accounts for 43.68% of the total financing of crypto projects in 2023, it is still less than 10% of the total financing of Metaverse projects in 2022 (approximately US$7.6 billion).
Furthermore, Dappradar describes Asia in its report as a region where the metaverse will flourish, as the region's governments and businesses are strongly supporting and investing in the industry and its development. Hong Kong is considered an international metaverse hotspot as the government is committed to creating an environment conducive to innovation, with the real estate and luxury goods industries being important components of this emerging metaverse industry. On the other hand, Dappradar points out that China is one of the few countries that has developed a metaverse plan, including initiatives in the fields of education and tourism. In addition, Chinese companies such as ByteDance, Alibaba, Baidu, and Tencent have also invested in the development of metaverse hardware and software.
