According to a study by Analysis Group, if development of the #metaverse, (all platforms combined) progresses at the same rate as mobile technology did, it could add $3 trillion to the global GDP in the next decade.
Facebook’s big pivot towards #metaverse has proven to be a catalyst. They are not the pioneers in this space but have the numbers (customer base, revenue etc. ) to make an impact.
Other metaverse platform are coming up at a healthy rate; Decentraland , The Sandbox – We Are Hiring! Meta ‘s version etc. and many more.
As the focus on metaverse increases and tangible value across various industries (entertainment, education, healthcare, logistics etc.) is demonstrated along with a hope for the future, the investments have also increased.
The investment in the “metaverse value chain” represents investment in every aspect of the infrastructure and not just the shiny bits in the entertainment industry.
Invesco US, an asset management firm with $1.6 trillion under management has announced a metaverse fund with a focus on seven aspects of metaverse including ;
* Operating and computer systems
* Hardware and devices that provide access to the metaverse
* Immersive platform developed with artificial intelligence.
* Blockchain, services and assets designed to facilitate digitization of the real economy.
Invesco US is not the first financial institution that has announced a metaverse fund, banks like HSBC, JPMorgan Chase & Co. , investment managers like Fidelity Investments AXA UK have committed to the concept as well.
I believe, with this push from the industry, #metaverse is set for major growth in the next decade, unless regulators, or consumer adoption slows it down.