Metaverse Observations from the Snack Aisle­

Financial Markets

You can check out this section on our website directly, where we feature various publicly traded companies that may play a role in the Metaverse, be it by developing it, by hosting it, or by creating the computing technology necessary to power it.

Pass us some of those CHIPS, please!

Chart of the Week

Source: Bloomberg as at 07/29/2022.

Elsewhere in the Metaverse

  • The University of Pennsylvania’s Wharton School will launch an executive education certificate focused on the Metaverse this fall. The six-week Business in the Metaverse Economy program is aimed at professionals in the business and technology industries. The program’s director, Kevin Werbach, explained that “it’s pretty clear if you take this topic, the ratio of the level of interest to the level of quality, robust information is way out of whack.” It seems he has been missing out on this newsletter unfortunately. And it’s a shame, because we charge $4,500 less than he does for his course.
  • Aftermath Islands, a firm building a virtual world on top of Unreal Engine 5 graphics technology, has announced a $25 million fundraising round from alternative investment group LDA Capital. Interestingly, the structure of this deal creatively departs from the traditional venture capital transaction. Here, LDA Capital has agreed to purchase utility tokens for the firm’s virtual world across three years and upon achievements of different milestones, lowering the risk for the investor, and creating a positive incentive structure for the game developer. We are taking notes.
  • Condense, a UK-based company selling what it calls “infrastructure as a service,” has announced a $4.5 million funding round, led by investors Localglobe, 7percent Ventures, and Deeptech Labs. The firm, founded in 2019, is creating technology that seeks to seamlessly allow labels and artists to organize and deliver live events virtually, in stadiums and venues that are made to replicate real-world ones. The momentum continues to build for music’s presence in the Metaverse.
  • Travelzoo, an internet ‘deals’ specialist, announced during its latest earnings call the forthcoming launch of a product it is calling META that will allow users to take part in travel experiences online. The intent, which we laud, is to be a first-mover in the Metaverse-based travel industry. Unfortunately, we harbor some serious doubts that the firm, with its $1 million of net income on $17 million of revenues for 2Q22, will be able to invest the sheer amount of resources necessary to create a revolutionary product in this complex space. The effort does earn them headlines and even mentions in metaverse-focused newsletters, however!

Looking Ahead

We will be digging into the performance, or lack thereof, of Metaverse land prices, a subject that has attracted much attention, particularly at the beginning of the golden Metaverse rush.

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Metaverse Observations

Metaverse Observations

Every week, we publish an original newsletter unpacking the most disruptive technological revolution of our time. We parse through the hype on your behalf.