all about cryptop referances
Investment management giant Invesco has launched a metaverse fund that will invest in a myriad of startups focused on metaverse technology, a Citywire report detailed Monday. “We will seek to capitalize on these opportunities through a highly selective, valuation-conscious approach,” explained Tony Roberts, Invesco’s fund manager.
On Monday, Citywire’s Chris Sloley published a report explaining that fund manager Invesco (NYSE: IVZ ) launched a metaverse fund. According to the report, the Invesco metaverse fund will invest in small, medium and large companies worldwide that are dedicated to metaverse technologies such as virtual worlds, non-fungible tokens (NFTs), augmented reality, play-to-earn (P2E) ) games and artificial intelligence (AI).
Sloley’s report notes that the fund will be managed by Invesco fund manager Tony Roberts and deputy fund manager James McDermottroe. Roberts detailed that there are some very optimistic predictions surrounding the metaverse’s future growth. “It has been estimated that by 2030, virtual and augmented reality could provide a £1.4 trillion boost to the global economy,” Roberts said on Monday. As of July 31, Invesco disclosed that it had $1.44 trillion in assets under management (AUM).
The Invesco metaverse fund news follows a number of companies and organizations that have entered the metaverse this year. For example, a report recently described South Korean electronics giant Samsung signing a memorandum of understanding (MOU) with half a dozen firms to launch the “Galaxy NFT [non-fungible token] ecosystem.” According to the report published on Monday, the Invesco metaverse fund aims to capitalize on the technologies that open the door to virtual worlds and connectivity.
“While the metaverse’s applications to entertainment are increasingly well understood, the interconnection it enables is likely to have a transformative impact across industries as diverse as healthcare, logistics, education and sports,” Roberts said while discussing the Invesco metaverse fund. “We will seek to capitalize on these opportunities through a highly selective, valuation-conscious approach,” the Invesco fund manager added.
What do you think about investment manager Invesco starting a metaverse fund? Let us know what you think about this topic in the comments section below.
Image credit: Shutterstock, Pixabay, Wiki Commons, Editorial Image Credit: JHVEPhoto / Shutterstock.com
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or an endorsement or recommendation of products, services or companies. Bitcoin.com does not provide investment, tax, legal or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on content, goods or services mentioned in this article.
Terra co-founder sought arrest
Total crypto market cap takes a hit amid Silvergate Bank crisis
How to Use Social Media to Connect with Journalists
Prairie to Plate: Impact Analysis of Blockchain on the Global Livestock Industry – ResearchAndMarkets.com
MYOB CEO Greg Ellis explains how OG fintech transformed to keep customers on the digital edge
Bitcoin’s short-term price trend threatened as bulls fade
NFTs are in their first crypto winter
The population of blockchain talent worldwide grew by 76% from 2021
blockchain compliant with ISO 20022
Ifrit Network launches extensive blockchain project using AI and NFT technology
Blockchain technology has big plans, despite the carnage in the markets
Indie developers furious over unlicensed game sales on GameStop’s NFT marketplace
AI in FinTech Market Size, Development Opportunities, Revenue Survey, Future Interest, Development Patterns, Deal Channel and Estimate to 2027
The days are numbered for Greenwashing in Fintech
