Invesco, a US investment management firm headquartered in Atlanta, Georgia, with additional branch offices in 20 countries, announced on Monday that it has launched a new fund dedicated to metaverse-related equities.
The investment company said with the launch. It focuses on tapping into a “£1.4 trillion revenue opportunity in the metaverse landscape.
The Invesco Metaverse fund will invest in large, medium, and small-cap firms across the US, Asia, and Europe.
Invesco said the fund would pump cash into firms helping to facilitate, create, or benefit from the growth of immersive virtual worlds.
Tony Roberts, who will oversee the fund, stated that the company would look to capitalize on a swelling area of the metaverse economy.
“While the Metaverse’s applications to entertainment are increasingly well-understood, the interconnectivity that it enables will likely have a transformative impact across industries as diverse as healthcare, logistics, education and sport. We will seek to capitalize on these opportunities through a highly selective, valuation-conscious approach,” Roberts elaborated.
According to Invesco, the new fund will back projects across seven major thematic areas, including next-generation operating and computer systems, networks for hyperconnectivity, hardware and devices that provide access to the Metaverse, immersive platforms developed with artificial intelligence, Blockchain, the interchange tools necessary to bring about interoperability, and services and assets that will facilitate the digitization of the real economy.
Invesco believes that businesses have exciting opportunities in all seven subsegments beyond the well-known Metaverse platforms.
Businesses Navigating Metaverse
Metaverse has presented numerous opportunities to brands and consumers alike. Whether it’s large tech players like Microsoft or small startups working to develop metaverse business landscapes, the opportunities presented by interactive, digital worlds are limitless.
The Metaverse is poised to infiltrate every sector in some way in the future, with the market opportunity estimated at over $1 trillion in annual revenues.
As a result, firms of all shapes and sizes are seen entering the Metaverse in different ways, including the likes of Walmart, Nike, Gap, Verizon, Hulu, PWC, Adidas, Atari and others.
In September last year, Facebook launched a $50 million fund that would help it develop the Metaverse more responsibly.
In April, the HBAR Foundation launched a $250 million Metaverse Fund to integrate Hedera Hashgraph’s Web3 metaverse world for consumer brands.
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