Why investment companies are bullish about the metaverse

Presented by Hiro Capital

When Hiro Capital launched its first fund back in 2018, venture-backed gaming companies had a strong year, raising about $6.1 billion, according to Crunchbase data – yet the metaverse was still living in the realm of fiction. But then Tim Sweeney, CEO of Epic, a long-time fan of the metaverse concept, predicted that it would soon be “a multitrillion dollar part of the economy”; Roblox’s IPO was seen by some as one of the early building blocks of a mature metaverse; and of course Mark Zuckerberg put his money where his mouth was when he went from just name-dropping the metaverse in the company’s Q3 earnings announcement to a whole name change.