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DBS Bank Strategist: One should be on the lookout for Metaverse investments

 


DBS Bank strategist sees investment opportunities at Metaverse

Due to the growing interest in the idea of ​​the Metaverse with the renaming of Facebook to Meta, more and more investors from a wide variety of industries and sectors seem to be getting interested.

Speaking to CNBC, DBS Bank senior investment strategist Daryl Ho said that industry leaders who have already embraced and are participating in the digitization trend would reap the benefits of the Metaverse.

Ho said that although Facebook's name change stimulated interest in the region at DBS, it is believed that the idea of ​​Metaverse represents a high point in the trends of the last few decades, namely the digitization of almost all areas of life, speeches, recording videos, Share photos, shop, work, and so on.

Ho stated:

"If you don't already know, we're already moving a bit towards a digital world, so the Metaverse is just the next step, the next frontier."

In particular, Ho spoke about the companies stock trading investors should look to in the future in order to shape the metaverse.

"The computer game industry is the one that has the most experience with designing large virtual worlds that multiple users immerse themselves in almost daily, shaping the metaverse as we know it."

On the medium to long-term upside potential for investors when investing in early-stage digital companies associated with Metaversum, he said:

“This digitization trend towards metaverse is actually just a combination of irreversible trends that we have seen in technology over the past few decades. The migration of facets of life to a digital platform. So the companies that will benefit are your big tech companies. "

Metaverse continues to grow in importance said Roblox CEO Dave Baszucki. At the moment we are right in the middle of the metaverse.

Meanwhile, beyond gaming, blockchain developers intend to jump into businesses like fashion, architecture, virtual concerts, and performances by employing NFTs in their metaverses.

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