1.1 Background Introduction
The entire cryptocurrency industry has experienced a huge year of growth, mainly for institutional investors' adoption of the value attributes of bitcoin.Global bitcoin adoption also accelerated its development in 2020, with 300 million cryptocurrency users worldwide in June 2021. It is also predicted that the metaverse industry will expand further in the virtual reality (VR) and irreplaceable tokens (NFT) sectors.According to Strategic Analysis (Global Research Corporation), the global metaverse market is estimated to reach $280 billion by 2025.
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