The leader in exchange-traded funds, iShares, urged investors to take a closer look at tech stocks because of the great potential of meta-universes.
Investors shouldn’t forget the multi-trillion dollar potential of the meta-universe market when building a portfolio. That was the call made by iShares, the largest provider of exchange-traded funds (ETFs), as part of a new marketing campaign.
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Based on data from various surveys and studies, the fund provider advised to consider the development of companies that would help realize the concept of a meta-universe. Developers of virtual and augmented reality, 3D modeling, as well as blockchain technology were referred to this category by iShares.. iShares decided not to name specific stocks to invest in, but noted that video game development and office software companies would also benefit from the success of the meta-universe.
What the meta-universe will look like, iShares does not know.. But the firm shares the estimates of researchers who predict a market capitalization of $5 trillion for the virtual worlds industry by 2030.
It’s also unclear when a true metaworld will emerge.. So far, any attempts to implement the concept of virtual worlds under the brand of a meta-universe have failed.. As Raja Koduri, senior vice president of Architecture, Graphics and Software at Intel, noted earlier, a high-quality meta-universe will take a long time to emerge.
According to Koduri, the concept would require a thousandfold increase in computing power. Current indicators are simply “not enough to realize this vision,” he said.. University of Pennsylvania professor Kevin Werbach shares skepticism on virtual reality. According to him, blockchain and cryptocurrencies “will fit perfectly” into virtual worlds, but the hype surrounding meta-universes far outpaces the actual progress of the technology. Read what the head of Apple thinks about meta universes in this BeInCrypto article.
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