FinaMaze, a digital wealth management firm based in the Abu Dhabi Global Market (ADGM), opened a smart portfolio product on Monday filled with various Metaverse-based investment opportunities, with entry starting at $2,000 USD.
FinaMaze has included up to 30 immersive technology firms and cryptocurrency opportunities in the portfolio, totalling more than USD $500,000.
FinaMaze organised its portfolio through a series of human experience and machine learning algorithms to supply investors with a diverse collection of Metaverse and immersive tech firms as well as cryptocurrencies such as Ethereum and Bitcoin.
Chief Executive and Founder of FinaMaze, Mehdi Fichtali, said in a statement,
“Major companies such as JP Morgan, Walmart, Verizon and Adidas are setting foot in the metaverse in one way or another. But the adoption will not be a straight line or happen overnight. Nor will the stock market performance journey”
Fitchtali added: “not all investors have the time and the expertise to conduct exhaustive and exhausting research.”
FinaMaze’s smart portfolio aims to assist individuals or groups with immersive technology investment decisions by spreading investment risks across a wide variety of firms to keep funds secure.
Also, the portfolio uses artificial intelligence (AI) technology to rebalance the allocation of funds to remain within each investor’s risk appetite.
Growing Immersive Market
The news comes after the extended reality (XR) market saw unmatched rapid growth and investment over the past year.
In October last year, just ahead of its major rebranding, Meta invested roughly $10 billion USD into its Reality Labs research division, following an additional pledge to build an ethical Metaverse worth $50 million USD in last August.
Furthermore, Facebook pledged to hire roughly 10,000 EU employees last year to build new Metaverse technologies and solutions, expand its reach, and develop its Horizon Metaverse platform.
Additionally, in April 2021, Apple contributed a massive $430 billion USD to assist with US economic recovery following the COVID-19 pandemic.
More recently, the Cupertino-based firm has made massive headway on its long-awaited mixed reality (MR) device expected for release in 2023.
Governments Launch Sovereign Metaverses
Also, multiple governmental bodies are making massive investments into immersive XR technology, notably the Metaverse.
For example, in September of last year, South Korea’s Ministry of Science and Information Communications Technology announced plans to invest roughly $2.2 billion to integrate emerging connectivity technologies across the country.
Catalonia governmental bodies also chose to adopt an open-source Metaverse to host art exhibitions, festivals, and even official meetings. The Catalan Blockchain Centre championed the move that saw funds worth between €10,000 to €20,000 – with help from the Barcelona Chamber of Commerce.
Similarly, the Ministry of Foreign Affairs and Foreign Trade in Barbados official purchased land for a Metaverse embassy last November.
The Croatian government, in collaboration with Metaverse World aims to build a decentralised Metaverse Digital Citizen Platform to supply global users with unique non-fungible tokens (NFT) to access the Metaverse.