Invesco, a global investment management firm, is set to launch the Invesco Metaverse Fund, which will invest in a variety of companies from around the ecosystem around the world.
Will focus on seven main areas, according to a study published on Monday by Citywire.
This include next-generation operating and computer systems; hardware and devices that enable access to the metaverse; hyperconnectivity networks; artificial intelligence-based immersive platforms; blockchain; interchange tools for interoperability; and services and assets supporting the digitisation of the real economy.
The Block contacted Invesco for more information on the fund’s size and scope.
The fresh fund will be managed by fund manager Tony Roberts and deputy fund manager James McDermottroe. They are both part of the company’s Asia and emerging markets equities team, with their headquarters in the United Kingdom.
Invesco launched its first blockchain exchange-traded fund (ETF) on the London Stock Exchange in March 2019. It partnered with Galaxy Digital in September last year to launch a series of cryptocurrency linked-ETFs.
Roberts has predicted that virtual and augmented reality will bring a £1.4 trillion boost to the global economy by 2030, according to Roberts, who is now watching web3.
“While the metaverse’s applications to entertainment are becoming well-understood, the benefits it provides will likely have a transformative effect on industries as diverse as healthcare, logistics, education, and sport,”.