And that’s intended to educate and inform the market.” “This is probably going to be the most detailed and certainly longest description of the metaverse I’ve ever seen. “We are going to release this essay that maps to our methodology for the ETF and explains the criticality of all of these different categories in detail,” Ball said. It’s going to be about 26,000 words and tries to explain what the metaverse is. In the meantime, Ball is working on a large essay on the metaverse that Ball, who has written numerous essays on the metaverse, has been working on for quite some time. The Expert Council creates the index and licenses it and the name to Roundhill, which is a securities provider and registered investment adviser. It is meant to raise awareness of the metaverse opportunity.
But the fund doesn’t exist purely to produce outstanding returns. Each company is weighted in the index based on its importance and investment value. Over time, the number of companies in the index will likely change. It just means that in the game engine category, Unity picks up more of the slack because Epic Games isn’t public. It’s like the categories that they apply to,” Ball said. “Companies like Tencent, Nvidia, Unity, Roblox, Alibaba, Sony, and others are all still very relevant, but then the key is the methodology is designed so that when you’re missing a company, let’s say Epic, it is able to manage for that because it’s not which companies are in there. But private companies aren’t part of the index.
Ball said the methodology is designed to be forward compatible, so if Epic Games goes public then it could be added as one of the stocks. The ETF requires approval from the Securities & Exchange Commission, and it will be sold on the New York Stock Exchange. He believes it will touch every industry and profession, enlarging and/or disrupting today’s leaders, and leading to countless new companies and technologies. The META Index is managed by Ball Metaverse Research Partners, a newly-formed indexing and research firm led by Ball, a seasoned investor, adviser, and researcher of the metaverse.īall believes the emergence of the metaverse will be transformative and valuable as the emergence of mobile internet and the fixed-line internet that preceded it. Navok and Ball said to me in an interview that the Roundhill Ball Metaverse ETF is designed to offer investors exposure to the metaverse by tracking, before fees and expenses, the performance of the Ball Metaverse Index (“META Index”). But it is broadly understood as a successor-state to today’s mobile internet, but which will involve countless interoperable and persistent virtual worlds, be richly integrated into the physical world as well, thereby creating a new medium and economy for work, leisure, and innovation. “The practicality for an investor is if they want exposure to a theme or category, but don’t have the expertise to pick all of the individual stocks, they can outsource that decision making to this index.” The mechanics of the ETFīall said in an interview with GamesBeat that the metaverse has many definitions. “An ETF pulls together a package by an index, a whole wide variety, or as many as you like, of different public company stocks,” Ball said. While the metaverse is the stuff of science fiction, it is possible to predict which companies are playing a fundamental role in making it come to pass. In this case, they’re democratizing investments in the metaverse by creating an ETF that anybody can invest in and reap the benefits of the metaverse.īloomberg recently estimated the metaverse’s market size at $800 billion, and with this ETF, investors will know every day what the value of the metaverse is, even as it is in its formative stages. They claim they have done the hard work researching the metaverse so you don’t have to, and in doing so, they’re espousing the notion that the metaverse can democratize everything. And the Metaverse ETF has been created by Matthew Ball, a futurist and investor, and a number of other visionaries such as Jacob Navok, CEO of Genvid Technologies. As GamesBeat readers may have memorized by now, the metaverse is the universe of virtual worlds that are all interconnected, like in novels such as Snow Crash and Ready Player One.
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