Junio 15, 2021 (The Korea Times) A combination of "meta" and "universe," the term refers to a collective, virtual, shared space, where space restrictions have disappeared due to a mixture of virtual and reality.
KB Asset Management rolled out an exchange-traded fund (ETF) that will invest in up to 50 metaverse companies in Korea, China, Japan and the U.S. This is the first time a local asset management firm has introduced a product related to consumer activities in a virtual shared space.
The product, KB Global Metaverse Economic Fund, will invest in the manufacturing of VR and AR devices, including Facebook, Apple and Microsoft, as well as software makers NVIDIA and Unity Software.
Platform operators and content creators, including Roblox, Naver and HYBE (formerly known as Big Hit Entertainment, the agency representing K-pop band BTS), are among the firms that the fund plans to invest in, along with virtual world infrastructure companies, notably Amazon, Qualcomm and Snowflake. About 70 percent of the funds will be invested in the U.S.
PricewaterhouseCoopers (PwC), a multinational professional services network of firms, estimates that the metaverse market will grow up to 1,700 trillion won ($1.5 trillion) by 2030, an explosive increase from 50 trillion won in 2019.