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Asset Management Giant Invesco To Launch $30 Million Metaverse Fund
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.
Tags: Fund,Invesco,Metaverse
Link: Asset Management Giant Invesco To Launch $30 Million Metaverse Fund [Copy]
