Investment Management Giant View Shunyou Citywire on Monday detailed a Metaverse fund that will invest in countless startups focused on Metaverse technology. “We will be looking to capitalize on these opportunities through a highly selective, valuation-focused approach,” explained Invesco fund manager Tony Roberts.
Invesco Reveals Metaverse Fund – Investment Manager Plans to Invest in Small, Mid-Cap, Large-Scale Startups
Monday, Citywire’s Chris Sloley published a report explaining that fund manager Invesco (NYSE: IVZ) has launched a Metaverse fund. According to the report, Invesco Metaverse Fund will invest in small and medium-sized and large companies around the world dedicated to Metaverse technologies, such as virtual worlds, non-fungible tokens (NFTs), augmented reality, games to make money (P2E) games and artificial intelligence Intelligence (AI).
The Sloley report states that the fund will be managed by Invesco’s fund manager Tony Roberts and associate fund manager James McDermottroe. Roberts detailed some very optimistic predictions surrounding the future growth of the metaverse. “It is estimated that virtual and augmented reality could provide a £1.4 trillion boost to the global economy by 2030,” Roberts said on Monday. As of July 31, Invesco disclosed that it had assets under management (AUM) of $1.44 trillion.
The Invesco Metaverse Fund news comes after a slew of companies and organizations entered Metaverse this year. For example, a recent report detailed a partnership between South Korean electronics giant Samsung and six The company signed a memorandum of understanding (MOU) to launch the “Galaxy NFT [non-fungible token] ecosystem”. According to a report released Monday, the Invesco Metaverse Fund aims to capitalize on technologies that open the door to virtual worlds and connectivity.
“While Metaverse is getting better and better at entertainment – understand that the interconnection it enables could be transformative for industries as diverse as healthcare, logistics, education and sports sexual impact,” Roberts said of the Invesco Metaverse Fund. “We will seek to capitalize on these opportunities through a highly selective, valuation-focused approach,” the Invesco fund manager added.
Tags in this story
ai, augmented reality, AUM, blockchain, crypto, crypto, fund managers, Invesco, investment funds, investing, James McDermott, Metaverse, Metaverse Funds, Metaverse Growth, Meta World Technology, NFT, P2E Gaming, Samsung, Startups, Tony Roberts, Virtual Reality
ai, augmented reality, AUM, blockchain, crypto, crypto, fund managers, Invesco, investment funds, investing, James McDermott, Metaverse, Metaverse Funds, Metaverse Growth, Meta World Technology, NFT, P2E Gaming, Samsung, Startups, Tony Roberts, Virtual Reality
What do you think about the investment manager Invesco launching Metaverse Fund ? Let us know what you think about this topic in the comments section below.
Jamie Redman
Jamie Redman is Bitcoin.com News The head of news at , and a fintech reporter living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He is passionate about Bitcoin, open source code and decentralized applications. Since September 2015, Redman has written over 5,700 articles for Bitcoin.com News on the disruptive protocols emerging today.
Image Source: Shutterstock, Pixabay, Wiki Commons, Editorial Photo Credit: JHVEPhoto / Shutterstock.com
Disclaimer: This article is for reference only. It is not a direct offer or invitation to offer, nor is it a recommendation or endorsement of any product, service or company. 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 any content, goods or services mentioned herein.
Image Source: Shutterstock, Pixabay, Wiki Commons, Editorial Photo Credit: JHVEPhoto / Shutterstock.com
Disclaimer: This article is for reference only. It is not a direct offer or invitation to offer, nor is it a recommendation or endorsement of any product, service or company. 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 any content, goods or services mentioned herein.
Disclaimer: This article is for reference only. It is not a direct offer or invitation to offer, nor is it a recommendation or endorsement of any product, service or company. 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 any content, goods or services mentioned herein.
