Despite the ongoing bearish market, the Metaverse remains well-positioned for long-term disruption. Taking into consideration the numerous consumer and business-centric use cases, the Metaverse could cater to generate up to $5 trillion by 2030. As per McKinsey & Company report, for the Metaverse to reach its full potential, there is a need for four technology enablers, devices (AR/VR, sensors, haptics, and peripherals), interoperability and open standards, facilitating platforms and development tools.