The global economy has been completely reshaped in recent years, with the rise of digital technology leading to what is now known as the digital world. People from all around the globe can communicate with each other through multiple online platforms, we are able to connect through: Whatsapp, Facebook,Instagram and Microsoft Teamsjust to name a few.
The recent Covid-19 pandemic has only further highlighted the importance of digital technology and how it has enabled us to continue working and learning remotely.
The emergence of digital nomads and the increasing prevalence of online learning has opened the door to The Metaverse, a world of opportunity for socializing, e-commerce, and e-learning. This virtual space may present immense potential to connect people and businesses from around the globe, and to create new, innovative ways to work, learn, and socialize.
What Is Metaverse
The metaverse is the next frontier in technology, entertainment and business. A spatial computing platform meant to replicate the real world. Think of it as engagement in a three dimensional environment. Like the real world Metaverse will have all the key aspects of a fully functioning society, like social settings, currency, economy and trade all built on blockchain technology.
The Role that Asset Management will Play in Metaverse
The role of asset management will be an integral part of scaling The Metaverse. Asset’s will take many forms. Cryptocurrency trading, gaming features and real estate to list a few. All of these assets will have a value, they can all be traded, bought and sold.
Asset management companies operating in this space will play an integral role. Dubai based Fintech company Creed&Bear (C&B) aims to provide secure AI driven software solutions to trade digital assets. Creed&Bear has made the strategic move to Dubai from Switzerland. C&B still maintains its EU ties however it sees Dubai as a destination for tech innovation. Dubai has a progressive Metaverse Strategy.
It aims to keep metaverse as part of its broader strategy to “promote digital growth and innovation, and achieve the goals of the Dubai Metaverse Strategy”, Sheikh Hamdan said.
Profitability in The Metaverse
Just as we have seen the evolution of banking first with in person banking at a brick and mortar location and then that progressed to online banking and now we have banking apps all conveniently located on our phones with 24/7 access. We will see the process extended on the internet. Socializing, shopping and even real estate will have a prominent place in The Metaverse.
Asset management is the process of tracking and organizing assets such as digital goods and virtual currency. In The Metaverse, asset management is essential to ensure that assets are secure and properly utilized.
In The Metaverse, asset management is critical to creating a strong economy. By tracking and organizing assets, it will ensure that there is a fair distribution of wealth and resources. This, in turn, can help drive economic growth and establish that The Metaverse remains a vibrant and exciting place to be.
The metaverse certainly provides an interesting investment opportunity for unlimited portfolio diversification. As the metaverse continues to grow and mature, asset management will become an increasingly important component of the ecosystem. Companies that can effectively manage digital assets and provide valuable services to clients will be well-positioned to succeed in this emerging market.
To find out more about Creed&Bear, follow the company on Twitter and LinkedIn, as well as on their website https://creedandbear.com/
