The Metaverse remains an area of intriguing among investors who can predict potential growth in ongoing development. You can now encapsulate it in an exchange-traded fund (ETF).
“According to Report Ocean, the global metaverse market could grow at a compound annual growth rate (CAGR) of 39.1% between 2022 and 2030,” said the Motley Fool article. “But there is a lot of hype and turmoil in this booming market, and it can be difficult for investors to distinguish between losers and potential winners.”
So one way is Global X Metaverse ETF (VR).. The fund aims to provide investment results that generally correspond to price and yield performance before deducting fees and expenses for the Global X Metaverse Index.
The top holding of the fund is Nintendo, which is allocated about 9%. The company aims to enhance the gaming experience by including Metaverse technology to create its own user experience.
High potential for growth in nascent space
The field of digital assets continues to grow in terms of capital market familiarity, but it is still an early field with potential for explosive growth in the short and long term. The Metaverse, in particular, is beginning to gain more traction despite the current bear market for cryptocurrencies.
It does not stop the plot surrounding the digital asset space, including the Metaverse. The fund explains that VR wants to invest in companies that are in a position to profit from the development and commercialization of the Metaverse.
The companies included in the fund are those involved in the development of hardware and software that enable users to experience the enhanced digital reality. A creator platform where livestreaming and other media content are shared in 3D simulations. A creator economy that includes the development of applications that include digital payments, such as the creation and distribution of non-fungible tokens (NFTs) and other digital asset payment gateways. Companies also include companies involved in digital infrastructure / hardware such as semiconductors, cloud computing technologies, and 5G infrastructure that supports the consumption of digital media.
- High Growth Potential: The global Metaverse market is expected to grow by more than 50% from 2021 to 2022 to over $ 100 billion. Forecasts could exceed $ 1.5 trillion by 2029, highlighting real room for growth.
- Expanding horizons: While the early concepts of the Metaverse focused on games and other forms of entertainment, shopping and hybrid work use cases have also emerged and may have just scratched the surface of potential applications. not.
- Unconstrained approach: Metaverse is supported by a complex network of hardware and software providers, authors, and collaborators. VR invests accordingly and targets businesses regardless of sector or geographic classification.
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