Source : coingape.com
The crypto market’s bull run has followed an investment pattern where one theme of tokens surges together and investment giant Morgan Stanely believes the big investment theme would come from the decentralized virtual world aka Metaverse. The concept of the Metaverse revolves around leading a parallel virtual life quite similar to one of the episodes in the popular Netflix show Black Mirror. Now big investment banks such as Morgan Stanley see it as the next big investment opportunity.
In a note shared with investors, the investment giant predicted that the Metaverse projects would dominate the majority of the investment in the coming years and also pointed towards the surging stocks of companies involved with Metaverse development. The idea behind Metaverse is to create a parallel virtual world quite similar to the physical one, but instead of playing one particular game, users will play “real-life” in the virtual world. The note read,
“Newsflow around the metaverse concept has been high and companies are embracing it in growing numbers. Of any major theme, companies and analysts have a greater interest in the metaverse than any other theme at present.”
The investor’s note also pointed towards the surging prices of stocks of the tech companies and gaming companies who have built a miniature metaverse and they have seen a mammoth growth in the past month since Facebook rebranded itself to Meta.
Facebook Wants to Lead the Metaverse Race
Facebook has changed its crypto plans soon after its Libra project tanked due to government and regulatory scrutiny. Now they want to lead the Metaverse race, given the hype around the tech is just catching up and they are early on the scene. However, given Facebook’s past with data handling and privacy could bring similar regulatory troubles for Meta as well.
Metaverse as a concept is catching up fast with the decentralized community quite similar to the surge in popularity of NFTs. Now investment banks have started to issue investor notes regarding the same, thus it’s quite certain that it would define the investment theme for the investors.