• Invesco has launched a metaverse fund

  • Invesco, a worldwide investment management organization, is preparing to launch the Invesco Metaverse Fund, which will invest in a variety of companies from throughout the ecosystem globally.

    According to a report on Monday, it will be registered in Luxembourg and would focus on seven main sectors. Next-generation operating and computer systems; hardware and devices that provide access to the metaverse; networks for hyper connectivity; immersive platforms developed with artificial intelligence; blockchain; interchange tools for interoperability; and services and assets that facilitate the digitisation of the real economy are examples of these.

    The new fund will be managed jointly by fund manager Tony Roberts and deputy fund manager James McDermottroe. They are both based in the United Kingdom and work for the company’s Asia and emerging markets equities unit.

    In March 2019, Invesco launched the first blockchain exchange-traded fund (ETF) on the London Stock Exchange. It collaborated with Galaxy Digital to create a suite of cryptocurrency-linked ETFs in September of last year.

    Now focusing on web3, Roberts claims that virtual and augmented reality might increase the world economy by £1.4 trillion by 2030.

    “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,” he said.

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