On August 22, the pan-European audience was officially introduced to Invesco Metaverse Fund. Through the fund, Invesco, a multinational investment management organization, aims to increase investment exposure to the metaverse while investing in major, medium, and small-cap companies.  

The fund will be co-managed by Tony Roberts, the fund manager, and James McDermottroe, the deputy fund manager. They are both members of Invesco's UK-based Asia & Emerging Markets equities division. As per some media reports the fund's size is estimated to be about $30 million. According to Roberts, the market for virtual and augmented reality is anticipated to be worth £1.4 trillion (about $1.6 trillion) by 2030.

However, Invesco claims that the seven key investment sectors of this fund expand beyond well-known parts of the emerging market. The major subjects include blockchain, interchange tools that are required to achieve interoperability, technology, and gadgets that enable access to the metaverse. 

The equity fund with a focus on the metaverse seeks to invest in businesses from the US, Europe, and Asia. The global stock index MSCI ACWI (Net Total Return), which represents around 85% of all investable equity possibilities globally, would reportedly be used to measure the fund's performance. 

According to Roberts, the metaverse has increasingly clear uses for entertainment, and the interconnectedness it encourages will undoubtedly have a big impact on ventures as diverse as medicine, strategy, education, and games. 

The widespread usage of cryptocurrencies in a fully developed metaverse, however, could pose a systemic risk to the stability of the financial system, according to academics from the Bank of England. 

Other firms increasing their financial support for the metaverse :

Recently, a number of platforms have increased their financial support for the metaverse. P2P metaverse meme coin Tamadoge raised $1 million after just 12 days of its beta sale, while global investment powerhouse Fidelity has launched new products that target the metaverse market. Qualcomm had previously established a $100 million Snapdragon Metaverse Fund.