According to a note directed to investors on Thursday, Morgan Stanley, one of the world’s biggest investment banks, thinks the metaverse is the next big investment scheme. The metaverse is a concept in which people can build their image in an alternative universe, and use it to perform real-life tasks such as buying items, gaming with friends, and other activities.
The concept has already been grasped by companies that are trying to build their respective takes on it. Facebook was renamed Meta to reflect this new focus, and Microsoft is also adding metaverse-themed elements to its products starting next year.
Morgan Stanley strategist Edward Stanley said, “It can fundamentally change the medium through which we socialize with others.”
Stanley stated that more and more companies are including these activities and elements in their projects. Stocks in the tech and gaming industries are already profiting from this new trend, including game universes like Roblox.
Stanley even stressed “Newsflow around the metaverse concept has been high and companies are embracing it in growing numbers. Of any major theme, companies and analysts have a greater interest in the metaverse than any other theme at present.”
The note acknowledged, however, that we are still in the very early stages of the construction of this alternate world. Though all of these initiatives are already taking shape, the complete metaverse is still years away, and it will take considerable cooperation and collaboration between these companies for this world to become reality. Users will be able to seamlessly move their experiences and avatars from one platform to another when this feature is available.
The majority of companies joining the metaverse trend are based in three countries, according to Stanley. There are a lot of activities and corporate launches related to the metaverse in the United States, China, and South Korea.