In The Money

Hotels, luxury brands and games jumping on metaverse bandwagon

In this series, we answer questions on investing. This week, we look at the metaverse and if there are opportunities to make money from it.

Millennium Hotels and Resorts has launched an M Social hotel in the virtual world of Decentraland. PHOTO: MILLENNIUM HOTELS AND RESORTS
Millennium Hotels and Resorts has launched an M Social hotel in the virtual world of Decentraland. PHOTO: MILLENNIUM HOTELS AND RESORTS
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Q: A Citi report in March called "Metaverse and Money; decrypting the future" estimates that the metaverse could be worth anything between US$8 trillion and US$13 trillion (S$18 trillion), with as many as five billion users by 2030. What are the opportunities to make money in the metaverse economy?

Tycoon Kwek Leng Beng's Millennium Hotels and Resorts has launched a new M Social hotel, but don't worry about packing anything - all you'll need is a laptop to visit it.

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