Home Issues Digital Economy

Into the metaverse

Khairani Afifi Noordin
Khairani Afifi Noordin3/10/2022 08:55 PM GMT+08  • 19 min read
Into the metaverse
Asset managers are recognising the metaverse as an important investment theme. Who are the likely winners in this universe?
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

Facebook has found its new North Star — the metaverse or the shared virtual world environments which can be accessed via the Internet. What does this mean and why are investors rushing in?

In October last year, tech giant Facebook changed its name to Meta Platforms and its CEO Mark Zuckerberg said the new name is a nod to the metaverse, an immersive virtual reality (VR) world over the Internet. “We have a new North Star, to help bring the metaverse to life,” he said in an announcement. “From now on, we are going to be metaverse-first, not Facebook-first.”

Supported by the advent of devices, software and platforms built around blockchain technology and non-fungible tokens (NFTs), the metaverse has dominated headlines over the past few months.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now