![]() And so for me, the metaverse is an even bigger opportunity for game developers to lean in and define the future of how we’re all going to spend time together, which is just an incredibly exciting thing to be a part of.” In VR, with both Valve and Oculus, we saw game developers just invent these incredibly creative and inspiring new ways to interact. “When I was working at Valve, we saw this in the early days of the Steam platform. “They are the ones who lead the way in new formats and new ways for people to interact both with each other, and worlds they love,” Sweet said. Sweet said she was inspired by game developers and believes they will lead the way in the metaverse. It’s going from simple multiplayer games to battle royales.” ![]() “Everything I have been involved with for the last 15 years tells me that this is the direction that human interaction is moving. “I believe wholeheartedly that it’s the future iteration of the internet,” Navok said. That’s the fascinating intellectual question, the one that certainly required more than myself.”īloomberg recently estimated the metaverse’s market size at $800 billion, but with stocks like Nvidia in it, the value of the Metaverse ETF is likely in the trillions of dollars. We’re trying to figure out how to design for that multi-decade transformation. We can all rattle off some of them - Unity, Roblox, and Tencent. But individually, we were fascinated with that fundamental question of how do you actually design a methodology that fulfills that? It’s one thing to say create a basket of metaverse companies. He added, “And so we saw that as a market need for an index or ETF focused on the metaverse. And, in truth, if you had conviction in the mobile internet, in social networking in the internet at large e-commerce companies, purchasing any appropriately constructed diversified portfolio of company in the internet space would have provided extraordinary returns.” “If you put that in context, we all look back and we wish that in 1995, we had purchased Apple stock. “We wanted to create an ETF, an index that would allow the average individual or retail investor to invest alongside it,” Ball said. In this case, they’re democratizing investments in the metaverse by creating an ETF that anybody can invest in and reap the benefits of the metaverse. They have done the hard work researching the metaverse so you don’t have to, and in doing so, they’re espousing the notion that the metaverse can democratize everything. They include Ball, a futurist and investor and the author of an upcoming book called The Metaverse Jacob Navok, CEO of Genvid Technologies Anna Sweet, CEO of Bad Robot Games and Imran Sarwar, former game designer at Rockstar Games. I moderated a session for GamesBeat Summit Next with a group of these visionaries. As GamesBeat readers may have memorized by now, the metaverse is the universe of virtual worlds that are all interconnected, like in novels such as Snow Crash and Ready Player One.
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