THELOGICALINDIAN - The CEO of Ark Investment Management Cathie Wood says that the metaverse can become a multitrilliondollar bazaar Its a big abstraction that will apparently access every area in means that we cannot alike brainstorm appropriate now she said
Cathie Wood Believes the Metaverse Will Be Multitrillion-Dollar Opportunity
Ark Investment Management (Ark Invest) CEO Cathie Wood aggregate her anticipation about the metaverse in an account with CNBC aftermost week. She explained that the metaverse will be a multitrillion-dollar befalling that will appulse every allotment of the economy.
The Ark Invest CEO opined:
The metaverse has acquired abundant absorption afterwards amusing media behemothic Facebook afflicted its name to Meta.
Wood was asked whether she thinks the metaverse can become a multitrillion-dollar market. She artlessly replied, “We do.”
The Ark Invest CEO acclaimed that the metaverse will aggrandize essentially abroad from the accepted focus on gaming and customer goods, elaborating:
Recently, Grayscale Investments appear a report advertence that “The bazaar befalling for bringing the metaverse to activity may be account over $1 abundance in anniversary acquirement and may attempt with Web 2.0 companies account ~$15 abundance in bazaar amount today.”
Last week, Bank of America’s architect said that the metaverse is a massive befalling area cryptocurrencies will be broadly acclimated as currencies.
However, some are agnostic about the metaverse. They acicular out that bodies accept played amateur in basic worlds for years, emphasizing that the abstraction is far from revolutionary. Raj Gokal, co-founder of Solana Labs, tweeted aftermost week: “I anguish that the metaverse is overhyped (industry-wide). I haven’t apparent this abundant advertising in boilerplate media over an unreleased artefact or class of products, maybe ever.”
Do you accede with Cathie Wood on the metaverse acceptable a multitrillion-dollar market? Let us apperceive in the comments area below.
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