November 17, 2021

‘Metaverse Will Bring US $ 8 Trillion Profits’, Morgan Stanley

 Ready Player One, Metaverse is Coming!

Morgan Stanley states Metaverse is a market that brings market opportunities of up to US $ 8 trillion that is likely to be the next generation social media, streaming and gaming platform.

The word Metaverse was first used in 1992 in a cyberpunk science fiction work entitled Snow Crash by Neal Stephenson.

According to a report released by Forbes, Wall Street analyst Brian Nowak concluded Metaverse is expected to be the earliest and first to operate as an advertising and e-commerce platform for offline purchases or products.

Morgan Stanley, a U.S. banking and financial services company, clearly chose Facebook’s former Meta stock because of its core business growth resilience and strong cash flow in investing billions of dollars to build a new -generation version of the social network.

Forbes added that Morgan Stanley also selected other relevant and beneficial stocks in the development of the Metaverse concept, especially those focused on augmented reality (AR) such as Google's Alphabet and Snap's social media platform.

In addition, Morgan Stanley is also interested in Unity Software Inc., the world’s leading video game engine manufacturer, which is expected to be on the best track to help content creation in Metaverse.