The investment management giant Invesco has launched a metaverse fund that will invest in a myriad of startups focused on the technology.
, the Invesco metaverse fund will invest in small, medium, and large-cap companies worldwide that are dedicated to metaverse technologies like virtual worlds, non-fungible tokens , augmented reality, play-to-earn gaming, and artificial intelligence .
Sloley’s report notes that the fund will be managed by Invesco’s fund manager Tony Roberts and the deputy fund manager James McDermottroe. Roberts detailed that there are some very optimistic predictions surrounding the metaverse’s future growth. “It has been estimated that, by 2030, virtual and augmented reality could deliver a £1.4 trillion boost to the global economy,” Roberts said on Monday.