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 grow to be a multitrillion-dollar market. “It’s an enormous thought that may most likely infiltrate … each sector in ways in which we can’t even think about proper now,” she stated.

Cathie Wood Believes the Metaverse Will Be Multitrillion-Dollar Opportunity

Ark Investment Management (Ark Invest) CEO Cathie Wood shared her prediction in regards to the metaverse in an interview with CNBC final week. She defined that the metaverse will likely be a multitrillion-dollar alternative that may influence each a part of the economic system.

The Ark Invest CEO opined:

It’s an enormous thought that may most likely infiltrate, identical to expertise is, each sector in ways in which we can’t even think about proper now.

The metaverse has gained a lot consideration after social media large Facebook modified its identify to Meta.

Wood was requested whether or not she thinks the metaverse can grow to be a multitrillion-dollar market. She merely replied, “We do.”

The Ark Invest CEO famous that the metaverse will develop considerably away from the present concentrate on gaming and client items, elaborating:

We’re going to have our digital twins, and it’s going to allow a variety of enjoyable and a variety of efficiencies.

Recently, Grayscale Investments revealed a report stating that “The market alternative for bringing the metaverse to life could also be value over $1 trillion in annual income and will compete with Web 2.0 firms value ~$15 trillion in market worth right now.”

Last week, Bank of America’s strategist said that the metaverse is an enormous alternative the place cryptocurrencies will likely be extensively used as currencies.

However, some are skeptical in regards to the metaverse. They identified that individuals have performed video games in digital worlds for years, emphasizing that the concept is way from revolutionary. Raj Gokal, co-founder of Solana Labs, tweeted final week: “I fear that the metaverse is overhyped (industry-wide). I haven’t seen this a lot hype in mainstream media over an unreleased product or class of merchandise, perhaps ever.”

Do you agree with Cathie Wood on the metaverse changing into a multitrillion-dollar market? Let us know within the feedback part under.