The metaverse is a virtual shared space created by the convergence of virtually enhanced physical reality and physically persistent virtual space, including the sum of all virtual worlds, augmented reality, and the Internet.
It is likely to enable unprecedented levels of communication between people and access to information, dataspaces, and material instantiations. Many big techs start to see this revolutionary concept as their next direction of development. Meta’s (formerly known as Facebook) new ‘Metaverse’ depicts the latest development in that segment, and, through the inclusion of virtual reality content in real life, so-called augmented reality, both the digital and non-digital world increasingly coalesce. Whereas still in its infancy, the metaverse has enormous potential. Envisaging this opportunity, Franklin Templeton* today announced the launch of the Franklin Metaverse UCITS ETF, tracking Solactive Global Metaverse Innovation Index.
The Solactive Global Metaverse Innovation Index is a representation of companies that have or are expected to have significant exposure to the provision of products and/or services that contribute to the metaverse industry including blockchain applications. Eligible constituents belong to the following segments: Metaverse Technology, Platforms, and Devices, Interchange Standards, Data processing, Blockchain Technology, and Digital Asset Platforms.