Nascent Metaverse Finance Industry Provides Investors with Exciting Opportunities
This year, the momentum is continuing, with corporations, venture capitalists (VCs) and private equity (PE) firms having invested more than US$120 billion in the metaverse in the first five months of 2022 alone, a figure that’s more than double the US$57 billion committed to the space in all of 2021, data from McKinsey show.
As the concept of an immersive virtual environment continues to gather steam, the so-called metaverse finance (MetaFi) landscape is starting to take shape, providing plenty of opportunities for entrepreneurs and investors alike to tap into. This is one of the conclusions shared in a new report co-authored by Switzerland’s Institute of Financial Services Zug IFZ and Synpulse8, the fintech division of global management consulting company Synpule.
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