AI wealth manager FinaMaze opens the metaverse to UAE investors – The National

AI wealth manager FinaMaze opens the metaverse to UAE investors – The National

FinaMaze, a hybrid asset manager regulated by The Abu Dhabi Global Market, will open an investment portfolio on Tuesday that will offer investors with a net worth of more than $500,000 exposure to companies operating in the metaverse.

The metaverse portfolio, which requires a minimum investment of $2,000, will include stocks of technology companies, video game publishers, software developers, entertainment companies and infrastructure and hardware manufacturers with a presence in the metaverse, FinaMaze said on Monday. It will also offer controlled exposure to a cryptocurrency exchange and Ethereum.

“The metaverse, the virtual world, is already a reality,” said Mehdi Fichtali, chief executive and founder of FinaMaze, which offers investment advice through a combination of human experience and machine learning outcomes.

“Major companies such as JP Morgan, Walmart, Verizon and Adidas are setting foot in the metaverse in one way or another. But the adoption will not be a straight line or happen overnight. Nor will the stock market performance journey.”

The metaverse is a digital space that allows users to communicate and move virtually in their three-dimensional avatars or digital representations. It gained significant attention when Facebook rebranded itself as Meta Platforms last October.

The global market size of the metaverse was estimated at