US asset management company Invesco, with $1.5 trillion in assets under management and offices in more than 20 countries, is preparing to launch the Invesco Metaverse Fund, which will invest in various companies across the ecosystem globally.
The investments made for the metaverse universe, which is becoming more and more popular, are increasing. US-based asset management firm Invesco will launch its metaverse-focused fund.
According to Citywire’s report, the company, registered in Luxembourg, will focus on seven key areas. These seven areas are; next generation operating and computer systems, hardware and devices that provide access to the metaverse, networks for hyperconnection, immersive platforms developed with artificial intelligence, blockchain, tools of exchange for interoperability, services that facilitate the digitization of the real economy.
It was noted that fund manager Tony Roberts and assistant fund manager James McDermottroe, who are both part of the UK-based Asia and Emerging Markets Equities team, will jointly manage the new fund.
Launched the world’s largest blockchain EFT
Invesco launched the world’s largest blockchain ETF on the London Stock Exchange in March 2019. On the other hand, in September last year, it partnered with Galaxy Digital to develop a series of cryptocurrency-linked ETFs.
$1.6 trillion potential
Fund manager Roberts suggested that virtual and augmented reality has the potential to provide $1.6 trillion in support to the global economy by 2030.
While emphasizing that the metaverse will be increasingly adopted in entertainment applications, Roberts said that the interconnection it provides will have a possible transformative effect in various sectors such as health, logistics, education and sports.
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