The Asia-Pacific region accounts for 60% of the world's population, 47.4% of global  GDP and 52% of global technology growth, so the metaverse, which benefits from its  users' affinity for emerging technologies, has huge market potential to develop in the  region. According to the estimates by McKinsey & Company, in the Asia-Pacific  region, the metaverse market will reach USD 31.13 billion by 2030 at a compound  growth rate of 62.2%. A metaverse report released by the Analysis Group also  3 indicated that metaverse technology will contribute USD 3 trillion to global GDP over  the next ten years, a third of which (i.e., USD 1 trillion) will come from the AsiaPacific region. In other words, over the next ten years, every US dollar invested in the  metaverse industry will bring about an economic growth of USD 3.16, a return on  investment of over 300%.

So, what is the metaverse? How is a metaverse world created? As an AI software  company, how should SenseTime empower the creation and development of the  metaverse, both in the Asia-Pacific region and throughout the whole world? The  White Paper "Metaverse: The New Economic Road in Asia-Pacific" centers around  four chapters encompassing the conception, the creation, and the empowerment of the  metaverse, and specific cases to give all a glimpse into this newly emerging cyber  world.