Investors prepare for a “gold rush” in the metaverse

2022 marks first year investors take VR gadgets seriously The metaverse industry is headed for a gold rush in the near future as 2022 marks the first year that investors have taken VR gadgets more seriously after decades of frustration. This is reported by the Financial Times. According to the representative of the American bank Jefferies Simon Powell, now more and more companies are interested in developing their own metaverses.. This will eventually require more processors, much more processing power and wearable devices, causing a surge in hardware demand comparable to the early days of smartphones. Damian Tong, a technical analyst at Macquarie in Tokyo, notes that strong gains in U.S. chip maker Nvidia and Taiwan Semiconductor Manufacturing Co are evidence that the stakes in the metaverse and demand for computing power and cloud storage are already getting high.. Korean games and entertainment companies have already begun buying film and software firms to enhance their visuals and make products more metaverse-friendly.. However, investors believe that the final demand of consumers will depend on the purpose for which they use the metaverses, for example, attending virtual offices or concerts, as well as playing games.. Warp Solution CEO Lee Kyung-Hak believes that demand for metaverse applications will grow in the second half of the year, and mass consumption could begin by 2023. “But the metaverse lacks killer content, so people are not showing much interest in it yet,” Lee said. Ultimately, the development of the metaverse will depend on the next generation of personal VR, AR and XR devices, Kim Yong-woo, an analyst at SK Securities, concluded.. Earlier, the Financial Times wrote that the metaverse has become the most popular concept in the history of exchange-traded funds (ETFs). So, since June last year, a total of 35 ETFs have been registered with a focus on the metaverse.. For comparison, there are only 29 exchange-traded funds with a focus on the Internet.. There are even fewer funds focusing on blockchain – 23 pieces. In total, capital inflows into Metaverse-focused ETFs totaled $2.6 billion between October 2021 and February 2022. Disclaimer All information contained on our website is published on the principles of good faith and objectivity, and for informational purposes only.. The reader is solely responsible for any actions taken by him on the basis of information received on our website.