Invesco Launches a $30 Million Metaverse Fund

23.08.2022 09:58
by Sviatoslav Pinchuk
1 min read

As investments in the metaverse sector continue, Invesco has now launched a $30 million fund aimed at developing metaverse projects and tech.

This global asset management firm is working with various companies from all over the world. Its fund, the Invesco Metaverse Fund, will invest in promising firms of all sizes, although there are no solid details on the companies involved just yet.

The funds will be invested in seven key areas, including metaverse hardware, artificial intelligence, and blockchain solutions. These areas and companies are organized according to the Metaverse Value Chain, which encompasses many interrelated sectors within the metaverse.

This is Invesco’s latest step outside of the bounds of traditional finance. In 2019, the company launched a blockchain ETF (exchange-traded fund) on the London stock exchange; and in 2021, it launched an ETP (exchange-traded product) backed by physical Bitcoin, in partnership with CoinShares.

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  • Man who simply bought some BTC for domestic needs in 2014 and then forgot about it till 2017. The dude who got Etherium in 2017 by misclick and sold it in 2018 "just to try". Lost 1 Florida house in XEM in 2018, Sviatoslav finally decided to trade reasonably and now he is one of the most analytical and data-driven trader in Crypto Industry. Has Bachelor Degree of Chinese Interpreter and deep practical experience in competitive niches SEO.

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