FinaMaze Announces the Launch of a Metaverse Investment Portfolio

FinaMaze Announces the Launch of a Metaverse Investment Portfolio

Metaverse News
May 31, 2022 by Diana Ambolis
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The portfolio, based on research and machine learning, will help investors penetrate new XR marketplaces. FinaMaze, a digital wealth management firm located in the Abu Dhabi Global Market (ADGM), launched a smart portfolio product on Monday that includes a variety of Metaverse-based investment choices, with a $2,000 entry fee. FinaMaze’s portfolio includes 30 immersive technology
The portfolio, based on research and machine learning, will help investors penetrate new XR marketplaces

The portfolio, based on research and machine learning, will help investors penetrate new XR marketplaces.

FinaMaze, a digital wealth management firm located in the Abu Dhabi Global Market (ADGM), launched a smart portfolio product on Monday that includes a variety of Metaverse-based investment choices, with a $2,000 entry fee.

FinaMaze’s portfolio includes 30 immersive technology companies and cryptocurrency opportunities worth more than $500,000. FinaMaze’s portfolio was organized using a combination of human experience and machine learning algorithms to provide investors with a varied range of Metaverse and immersive tech companies, as well as cryptocurrencies like Ethereum and Bitcoin.

Evolution Of Bitcoins

Mehdi Fichtali, the CEO and Founder of FinaMaze, said in a statement,

“Major companies such as JP Morgan, Walmart, Verizon, and Adidas are setting foot in the Metaverse in one way or another. But the adoption will not be a straight line or happen overnight. Nor will the stock market performance journey.”

FinaMaze’s smart portfolio seeks to help individuals or groups make immersive technology investment decisions by distributing investment risks over a wide range of companies and keeping funds safe.

Additionally, the portfolio employs artificial intelligence (AI) technology to rebalance fund allocations to stay within each investor’s risk tolerance.

Metaverse Market Expansion

Meta spent around USD 10 billion on its Reality Labs research branch in October last year, just ahead of its major rebranding, following a USD 50 million vow to establish an ethical Metaverse in August.

In addition, Facebook announced last year that it would hire 10,000 EU workers to develop new Metaverse technologies and solutions, increase its reach, and improve its Horizon Metaverse platform.

In April 2021, Apple made a USD 430 billion contribution to aid the US economy’s rehabilitation following the COVID-19 epidemic. Recently, the Cupertino-based company has made significant progress on its long-awaited mixed reality (MR) device, which is set to be released in 2023.

Also, read – SK Telecom plans a Massive XR Metaverse and AI demonstration

Sovereign Metaverses are being launched by governments.

Moreover, several government agencies, including the Metaverse, are investing heavily in immersive XR technologies. For example, South Korea’s Ministry of Science and Information Communications Technology announced plans to invest $2.2 billion to integrate developing networking technologies across the country in September of last year.

Government bodies in Catalonia have also decided to use an open-source Metaverse to hold art exhibitions, festivals, and even formal meetings. With the aid of the Barcelona Chamber of Commerce, the Catalan Blockchain Centre spearheaded the initiative, which saw cash worth between €10,000 and €20,000 distributed.

Similarly, in November, Barbados’ Ministry of Foreign Affairs and Foreign Trade purchased land for a Metaverse embassy. The Croatian government hopes to create a decentralized Metaverse Digital Citizen Platform that would provide global users with unique non-fungible tokens (NFT) to access the Metaverse.