Luxury in the metaverse? Morgan Stanley says it could become a €50 billion market
November 16, 2021 at 05:31 AM EST
Analysts at Morgan Stanley say there's scope for luxury goods to sell as well virtually as they do physically -- and say the market could be as large as €50 billion, or $57 billion at current exchange rates, by 2030. That could lift revenue by more than 10%, and industry earnings before interest and tax by 25%.
