Metaverse Wallets Poised to Hit $42.9B by 2031
InsightAce Analytics forecasts that the metaverse wallets market will grow from $7.39 billion today to $42.9 billion by 2031, representing a 24.7% CAGR. Metaverse wallets, designed to store tokens, in-game currencies and NFTs, are driven by the rise of virtual worlds, seamless user interaction and the need for verifiable asset ownership. Key players include Enjin, Coinbase (COIN), Decentraland (MANA), The Sandbox (SAND), Somnium Space (CUBE) and Alpha Wallet. North America is expected to dominate, while Southeast Asia narrows the gap. Challenges include platform interoperability and regulatory uncertainty. A separate World Wide Market Reports study predicts the industrial metaverse solutions sector will achieve double-digit CAGR, with valuation scenarios ranging from $124 billion to $315 billion by 2031. Growth drivers include digital twin adoption, IoT sensor data, AI-driven predictive maintenance and virtual workforce training. Major firms such as Microsoft, Siemens and Unity Technologies are already positioning for this expansion.
Bullish
The report’s optimistic 24.7% CAGR for metaverse wallets and double-digit growth for industrial metaverse solutions highlight strong market demand for digital asset management and enterprise use cases. Historical trends in blockchain and NFT adoption show that clear growth forecasts often lead to increased investor confidence and higher trading volumes in related tokens such as MANA and SAND. While interoperability and regulation remain challenges, the projected market expansion through 2031 suggests positive sentiment in both short-term trading and long-term project development, reinforcing a bullish outlook.