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Ark Invest’s Cathie Wood calls metaverse a ‘big idea that will infiltrate every sector’
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Ark Invest founder and CEO Cathie Wood opined in a recent interview with CNBC that the metaverse will be a “multitrillion-dollar opportunity.” In this context, she further stated,
“It’s a big idea that will probably infiltrate — just like technology is, anyway — every sector in ways that we cannot even imagine right now.”
We can say that Metaverse is at the forefront of the Web 3.0 evolution. So much so that Facebook rebranded itself as Meta and Grayscale stated that Metaverse has the potential to become a trillion-dollar industry by 2022.
While Wood is positive that the Metaverse will impact all economic activity, she believes that the future will see its application beyond gaming and consumer goods. She also said,
“We’re going to have our
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