In The Money: What are ways to invest in the metaverse?

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.

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?

Making money in the metaverse

Neal Stephenson's 1992 novel Snow Crash conjures up a vision of a "computer-generated universe" which is called "the Metaverse".

The concept of the metaverse has gained prominence as Big Tech giants have announced ambitions in this area.


Metaverse can help teach users about real world of finance

When Facebook rebranded its parent company Meta last year, there was a buzz about the reason. Facebook chief executive Mark Zuckerberg noted: "I want to anchor our work and identity on what we're building towards."

While gaming in the new world of extended reality tends to blur the boundary between real and virtual, technology's move towards the metaverse opened up a new conversation in the financial services industry that has been catalysed by growth with applications of fintech in various industries.


Investing in the metaverse akin to going down a virtual rabbit hole

In Lewis Carroll's novel Alice's Adventures In Wonderland, Alice follows the White Rabbit down the rabbit hole and is transported to an alternate universe known as Wonderland.

It is an apt analogy for the metaverse. While grounded in science and technology, going down this figurative rabbit hole can lead you into virtual digital spaces or augmented reality environments, limited only by your imagination.


Hotels, luxury brands and games jumping on metaverse bandwagon

Millennium Hotels and Resorts has launched an M Social hotel in the virtual world of Decentraland. PHOTO: MILLENNIUM HOTELS AND RESORTS

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.

The hotel occupies a prime spot in the virtual world of Decentraland, just one tram stop from Genesis Plaza, the starting point for all visitors to this corner of the metaverse.


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