Attention to Metaverse-related projects is growing worldwide.
With the $4 billion Dubai Metaverse Strategy announced by Crown Prince Hamdan of Dubai and Meta, formerly named Facebook, also announcing a $10 billion investment, people have to keep an eye on what technologies and companies will dominate the market.
Decentraland ($MANA) and The Sandbox ($SAND) are among the more famous Metaverse-related crypto projects, but Bayshore Global Management, the family office that manages and runs the estate of the family of Sergey Brin, the co-founder of Google, a subsidiary of Alphabet, recently made headlines for its investment in several Metaverse projects, and those projects have thus attracted attention.
According to the Bloomberg Billionaire Index, Mr. Brin’s personal wealth amounts to $86.5 billion, placing him 7th on the richest person list. Institutions have requested comments from Alphabet and Bayshore representatives, but so far have not received a response, nor have they responded to their e-mail requests.
In addition to the aforementioned Decentraland ($MANA) and The Sandbox ($SAND), the emerging Metaverse project Meta Swap ($MASP) was brought up.
Meta Swap is characterized by its policy of actively disclosing its technology and promoting collaboration, unlike other projects, which aim to independently raise funds and expand their business in order to establish an infrastructure in the Metaverse field, such as by planning to provide their technology mainly to major companies in the future.
Currently, the company has completed its seed round with VC and others, and appears to be prioritizing steady dissemination rather than just collecting funds, such as by releasing tokens to the general community with a cap on purchases.
Although trading on decentralized exchanges (DEX) has been prioritized so far, the company decided to list on centralized exchanges (CEX) in order to reach a bigger investor.
Several exchanges are listed first, such as IDCM Quesera, and major exchanges such as Binance and FTX are also included.
Bayshore Global Management said the following about investing in stocks/tokens related to the Metaverse, “We can’t answer about individual cases. However, we are paying attention to Metaverse-related projects and technologies (such as Meta Swap), and there will be more opportunities to invest in them in the future.“
The interest of many companies in the Metaverse is only getting bigger, such as the Japanese Sony Group investing more than $200 million twice in Epic Games, the developer of the battle-royale game “Fortnite,” and Microsoft and China’s Tencent also deepening their investments.
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