Summary: Global asset management giant Invesco will launch a new fund called "Invesco Metaverse Fund", which is registered in Luxembourg and has a scale of about $30 million, a company spokesperson told Decrypt. The fund will focus on seven key areas including next-generation operating systems and computer systems; hardware and devices providing access to the metaverse; networks ...

Global asset management giant Invesco will launch a new fund called "Invesco Metaverse Fund", which is registered in Luxembourg and has a scale of about $30 million, a company spokesperson told Decrypt.

The fund will focus on seven key areas including next-generation operating systems and computer systems; hardware and devices providing access to the metaverse; networks for hyperconnectivity; immersive platforms developed using artificial intelligence; blockchain; exchanges for interoperability tools; and services and assets that facilitate the digitization of the real economy.

Invesco fund manager Tony Roberts said virtual and augmented reality could provide a £1.4 trillion boost to the global economy by 2030.

Invesco launched its first blockchain exchange-traded fund (ETF) on the London Stock Exchange in March 2019. Last September, it partnered with Galaxy Digital to develop a series of cryptocurrency-linked ETFs.