BREAKING NEWS! Coin.fyi has been acquired by VC firm Morningstar Ventures. Read more

Ethereum
$2,436.08 0.35%
ETH · 6w

Ark Invest CEO Cathie Wood Says Metaverse Will Be Multitrillion-Dollar Market – Metaverse

Ark Invest CEO Cathie Wood Says Metaverse Will Be Multitrillion-Dollar Market

The CEO of Ark Investment Management, Cathie Wood, says that the metaverse can become a multitrillion-dollar market. “It’s a big idea that will probably infiltrate … every sector in ways that we cannot even imagine right now,” she said.

Cathie Wood Believes the Metaverse Will Be Multitrillion-Dollar Opportunity

Ark Investment Management (Ark Invest) CEO Cathie Wood shared her prediction about the metaverse in an interview with CNBC last week. She explained that the metaverse will be a multitrillion-dollar opportunity that will impact every part of the economy.

The Ark Invest CEO opined:

It’s a big idea that will probably infiltrate, just like technology is, every sector in ways that we cannot even imagine right now.

The metaverse has gained much attention after social media giant Facebook changed its name to Meta.

Wood was asked whether she thinks the metaverse can become a multitrillion-dollar market. She simply replied, “We do.”

The Ark Invest CEO noted that the metaverse will expand substantially away from the current focus on gaming and consumer goods, elaborating:

We’re going to have our digital twins, and it’s going to enable a lot of fun and a lot of efficiencies.

Recently, Grayscale Investments published a report stating that “The market opportunity for bringing the metaverse to life may be worth over $1 trillion in annual revenue and may compete with Web 2.0 companies worth ~$15 trillion in market value today.”

Last week, Bank of America’s strategist said that the metaverse is a massive opportunity where cryptocurrencies will be widely used as currencies.

However, some are skeptical about the metaverse. They pointed out that people have played games in virtual worlds for years, emphasizing that the idea is far from revolutionary. Raj Gokal, co-founder of Solana Labs, tweeted last week: “I worry that the me...

Continue on news.bitcoin.com
Recent News
ETH +0.35% · youtu.be · 2h

Ethereum Vs. Sec? (german)

Hey Leute,in diesem Video sprechen wir darüber, ob es zu einen Anschlag auf Ethereum durch die SEC kommen könnte.Geht es demnächst Ethereum an den Kragen, wi...
ETH +0.35% · threadreaderapp.com · 4h

Bill strips out *all* administrative process and duration limitations on the Secretary Yellen’s power to condition or prohibit transactions at financial institutions associated with primary money laundering concerns[such as Coinbase/Sanctioning DeFi SC].

@jerrybrito: 1/ 🚨 IMPORTANT 🚨 Included in the America COMPETES Act just introduced in the House, and which will very likely pass in some form, is a provision that would be disastrous not just for cr...
ETH +0.35% · self.ethdev · 12h

How does Polygon use Ethereum as L1?

22 Stimmen, 10 Kommentare. I know that Polygon is a scaling solution for Ethereum but I don't know what's the technical relationship between both. I …