Jefferies believes Metaverse has potential to ‘disrupt’ human life
US-based investment banking group Jefferies is not oblivious to the budding industry of metaverse. In a Monday note, Jefferies equity strategist Simon Powell has called Metaverse one of the biggest disruptions in human life.
“A single metaverse could be more than a decade away, but as it evolves, it has the potential to disrupt almost everything in human life,” wrote the analysts in the note led by equity strategist Simon Powell.
Compiling some of the major points from the report, Jefferies noted the blockchain technology is expected to play an important role in Metaverse.
While metaverse is expected to be used in various fields such as live games, music, and online conferences using avatars, gaming would likely be the most successful area in Metaverse, arguing that investors need to be interested in the same.
“The metaverse will consist of numerous different layers and technologies, but it will ultimately result in a single shared source-of-truth that all stakeholders in the metaverse will recognize.”
The note also included a list of stocks that would benefit from the growing industry. It included stocks of Meta (Facebook) FB, Apple AAPL, Microsoft MSFT, Amazon AMZN, Coinbase COIN, Microstrategy MSTR, and Warner Music Group WMG.
The compilation also encompassed multiple metaverse, DeFi, and crypto-related stocks, including Snap SNAP, Roblox RBLX, Take-Two Interactive Software TTWO, Electronic Arts EA, Activision Blizzard ATVI, and Unity Software U.
The analysis mentioned the attention received by Facebook when it rebranded itself as Meta, and how it resulted in a rapid change in investors sentiment. Wall Street investors and banks have increasingly shown interest in the area, with Morgan Stanley calling Metaverse the “the next big theme” in investments.
While it’s no surprise that metaverse is attracting attention due to its potential in creating new economic zones, some crypto-industry insiders have shown skepticism towards it. Raj Gokal, the co-founder of cryptocurrency Solana (SOL), expressed uncertainity over the widespread media coverage of metaverse.
“I worry that the metaverse is overhyped (industry-wide). I haven’t seen this much hype in mainstream media over an unreleased product or category of products, maybe ever. To deliver, we will need a cohesive-yet-open experience across many platforms,” Gokul tweeted last month.
The post Jefferies believes Metaverse has potential to ‘disrupt’ human life appeared first on Our Bitcoin News.
OhNoCryptocurrency via https://www.ohnocrypto.com/ @Gauri Bhatia, @Khareem Sudlow
