Casey Wood, CEO of Ark Investment Management, said that Metaverse could become a trillion-dollar market. “This is a great idea that may permeate every industry in ways we can’t even imagine now,” she said.

Cathie Wood believes Metaverse will bring trillions of dollars in opportunities

Cathy Wood, CEO of Ark Invest, shared her predictions about Metaverse in an interview with CNBC last week. She explained that Metaverse will be a trillion-dollar opportunity that will affect all parts of the economy.

The CEO of Ark Investment believes:

This is a great idea that may permeate every department in a way that we can’t imagine right now, like technology.

After the social media giant Facebook changed its name to Meta, Metaverse has received widespread attention.

Wood was asked whether she thought Metaverse could become a trillion-dollar market. She simply replied: “We do.”

The CEO of Ark Investments pointed out that Metaverse will greatly expand away from the current focus on games and consumer products, and elaborated:

We will have our digital twin, which will bring a lot of fun and a lot of efficiency.

Recently, Grayscale Investment released a report He pointed out that “the market opportunity to bring Metaworld to life may have annual revenue of more than US$1 trillion, and may compete with today’s Web 2.0 companies with a market value of approximately US$15 trillion.”

Last week, a strategist at Bank of America Said Metaverse is a huge opportunity, and cryptocurrency will be widely used as currency.

However, some people are skeptical of the meta universe. They pointed out that people have been playing games in the virtual world for many years, emphasizing that this idea is far from revolutionary. Solana Labs co-founder Raj Gokal wrote on Twitter last week: “I worry that Metaverse is being exaggerated (the entire industry). I have not seen such a big hype in the mainstream media about unreleased products or product categories. Maybe never.”

Do you agree with Cathie Wood’s view that Metaverse has become a multi-trillion dollar market? Please let us know in the comments section below.

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