WiSE is a New Venture Capital Fund Dedicated to the Metaverse
Niko Pajkovic — October 14, 2021 — Tech
Founded by Andy Wood and Patrick Bradley, two executives from the creative industries and venture capital funding, have announced the launch of WiSE -- a growth-stage venture capital fund focusing on Metaverse developments.
With its launch, WiSE joins many other recent startup investment funds that have identified the Metaverse as an area of major value. For Wood, the Metaverse represents the future of social media and entertainment: “The Metaverse is an omnipresent online and digital world. It is the natural evolution of the Internet" he explains.
Both partners predict that the Metaverse economy will be worth "trillions of dollars" in the near future, which is why WiSE has already begun investing in Metaverse games, NFTS, animation, and 3D spatial sound, and interactive storytelling.
Image Credit: Shutterstock
With its launch, WiSE joins many other recent startup investment funds that have identified the Metaverse as an area of major value. For Wood, the Metaverse represents the future of social media and entertainment: “The Metaverse is an omnipresent online and digital world. It is the natural evolution of the Internet" he explains.
Both partners predict that the Metaverse economy will be worth "trillions of dollars" in the near future, which is why WiSE has already begun investing in Metaverse games, NFTS, animation, and 3D spatial sound, and interactive storytelling.
Image Credit: Shutterstock
Trend Themes
1. Metaverse Investment Funds - The Metaverse is gaining significant attention from investors in fields such as gaming, NFTs, and interactive storytelling, creating opportunities for the founding and investing in Metaverse-focused funds.
2. Growth-stage Venture Capital - There is ample room for more growth-stage venture capital funds to penetrate the Metaverse market to capitalize on the expected exponential growth with even modest investment amounts.
3. Metaverse Entertainment and Social Media - The Metaverse represents the next evolution of entertainment and social media, providing opportunities for entrepreneurs to create innovative startups that leverage this new world's full potential.
Industry Implications
1. Gaming Industry - The gaming industry has significant potential for growth and innovations with Metaverse development, creating space for diverse new companies and games in the Metaverse space.
2. NFT Industry - The NFT industry offers substantial opportunities with the Metaverse's growth, as developers leverage this world's unique virtual asset opportunities to create and promote new NFTs.
3. Animation Industry - Innovative animation startups can capitalize on Metaverse development by creating engaging, immersive 3D spatial sound and interactive storytelling experiences that cater to the Metaverse's specific demands.
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