Widely regarded as the next generation of the internet, the metaverse generally refers to a virt...
Widely regarded as the next generation of the internet, the metaverse generally refers to a virtual world where people interact through three-dimensional avatars that can be controlled via virtual reality headsets.
However, the benefits to chipmakers will be "uneven," Morningstar said in a report.
Last week. In such virtual cashless environments, blockchain technology and cryptocurrencies could also play a key role.
The metaverse, which requires a lot of computational power, will benefit global chipmakers, but other technology-related industries could benefit as well, analysts say. tell.
Widely regarded as the next generation of the internet, the Metaverse generally refers to a virtual world where people interact through three-dimensional avatars that can be controlled via virtual reality headsets like the Oculus.
Via the Metaverse, users can participate in virtual activities such as games, virtual concerts, or live sports. The Metaverse caught a lot of attention last year when social media giant Facebook announced that it would change its name to Meta in October.
According to analysts, large tech companies will benefit when technologies related to this virtual world emerge. "The winners of the metaverse really are the tech companies," Hou Wey Fook, DBS Bank's chief investment officer, told CNBC's Squawk Box Asia on Monday.
Semiconductor companies would be a clear beneficiary as the metaverse will require a lot of computing power, he said. However, the benefits to chipmakers will be "uneven," Morningstar said in a report last week.
“Since many of the tasks performed in a 'metaverse' involve real-time processing of an immense amount of data, this requires that the chips involved use advanced processing nodes only available in TSMC, Samsung, and Intel. "he said.
Other main areas set up to support Metaverse infrastructure that investors might consider would be the companies that provide the "key building blocks".
In such virtual cashless environments, blockchain technology and cryptocurrencies can also play a key role.
The blockchain that supports non-fungible tokens or NFT: digital tokens that provide proof of ownership of assets such as art, collectibles, or memes.
It could create an "exciting" ecosystem for digital content creation and monetization, the bank said. “This could give the right to use works of art or create your own creatures created in the metaverse and open the door to a new virtual economy.
There are practically no limits to human creativity in this area, ”said the company Facebook, Meta as well as Apple, Microsoft, and Google are preparing the introduction of new hardware products and software services for the Metaverse.
In Asia, China is set to go big on the metaverse as well. Its biggest city, Shanghai, included the metaverse in its five-year development plan.
The plan called for “encouraging the application of the metaverse in areas such as public services, business offices, social entertainment, industrial manufacturing, production safety, and electronic games.
