New ProShares Metaverse ETF to track Apple, Meta, Nvidia
In late November, two Canadian metaverse ETFs started trading on the Toronto Stock Exchange on the same day. ProShares, the first company in the United States to launch a Bitcoin (BTC) exchange-traded fund (ETF), is diving into metaverse as it now plans to launch a new metaverse-focused ETF.ProShares on Tuesday filed with the U.S. Securities and Exchange Commission (SEC) for an ETF focused on metaverse, called the ProShares Metaverse Theme ETF.Subject to approval by the SEC, the proposed ETF will track the performance of the Solactive Metaverse Theme Index (SOMETAV), consisting of firms....
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Meta, the metaverse-based platform, has announced the launch of a new wallet directed to support value interaction in the metaverse. Meta Pay, a rebrand of the former Facebook Pay service, will keep fulfilling the same functions that Facebook Pay did in the past, but will be developed as a universal way of paying for goods and services using digital identities in the metaverse.
Facebook Pay Rebrands to Meta Pay
Meta is trying to solve the problem of transaction and value interactions in the metaverse. The company announced the launch of a new digital wallet that will support the....
According to former staff, around 100 people have already jumped ship from Microsoft to Meta alone. Meanwhile, Apple is offering generous bonuses to hold onto their workers. Employees from Microsoft and Apple are jumping ship to join Meta Platforms as the company sets its sights on creating the Metaverse. According to former employees of Microsoft quoted by the Wall Street Journal, around 100 people have ditched the tech giant’s augmented reality team over the past year to join Meta Platforms. They claim that Meta has been particularly focused on snapping up people who have worked on....
Metaverse has now traversed the mainstream. On May 9, Meta Platforms Inc. will be opening its first-ever physical metaverse-themed retail store in the San Francisco Bay Area. Samsung has opened up their first physical Meta store – and Meta is following through. Suggested Reading | Samsung Throws In $25 Million In South Korean Startup DoubleMe […]
Corporate-owned social media giant Facebook is getting ready to track you to the ends of the Metaverse and back — if you let them. Last week, Facebook rebranded to Meta and announced its plans to kickstart the development of the Metaverse — an entirely new way of interacting and navigating the internet. Now, the Metaverse landscape has a multi-billion dollar corporate behemoth vying for the helm, which has made its future all the more uncertain.Whether we like it or not, major corporations will likely play a major role in how the Metaverse develops and evolves. But will it be plagued by....
Apple CEO Tim Cook says the metaverse has a lot of potential and his company is investing accordingly. “It’s very interesting to us,” he noted. Global investments banks Morgan Stanley and Goldman Sachs have predicted that the metaverse could be an $8 trillion opportunity.
Apple Sees a Lot of Potential in the Metaverse, Says CEO Tim Cook
Apple Inc. answered a question about the metaverse during its Q1 2022 earnings call last week. CEO Tim Cook was asked, “How are you thinking about the metaverse opportunity and Apple’s role in that....