Nasdaq named 3 trending areas of the metaverse in 2023

Kelly Chu, managing partner of True Global Ventures, shared his opinion in a Nasdaq column that the metaverse could boom next year. In his opinion, investors are increasingly showing interest in the development of the Web3-technologies and virtual worlds sector.

According to Chu, one of the main development topics in 2023 will be the development of emotion recognition services that will directly interface with the capabilities of artificial intelligence.

In addition, the author of the column on Nasdaq believes that the development of robot teachers in the metaverses is not excluded. According to Kelly, investment rounds in early 2023 could raise funding to help startups focusing on the metaverse.

However, there is one condition that must be met for the implementation of these same investment rounds. Kelly believes that by the time such startups are funded, the cryptocurrency winter will have to be over, and, as many industry enthusiasts know, the likelihood of this is not as great as we would like.

Also, 2023 may be the year of Web3 game development, however, in this case, market players will also need to be able to survive the current crisis, since financial instability in the crypto field destroys many developers' plans.

A recent statistic has emerged that reveals the largest investment in the next iteration of Internet technologies. The leader in the field is Animoca Brands, which has invested more than $500,000,000 in the development of virtual worlds.

In second place in terms of the size of contributions made to the field of the metaverse is LootMogul. The latter have made investments in excess of $200,000,000. Top 3 is closed by Improbable with almost $100,000,000.

Simon Powell, representing the American bank Jefferies, also said that according to the observations of experts and analysts, more and more investments are directed to the metaverse sector. Such a high demand for the development of Web3 technologies requires more computing power, which will eventually lead to the development of appropriate equipment. He likened the demand for the Metaverse to what we saw with the advent of the first smartphones.

Damian Tong, a technical analyst at Macquarie in Tokyo, also claims this. The latter noted price increases for U.S. GPU makers Nvidia and Taiwan Semiconductor Manufacturing Co. This speaks to the already increased demand for metaverses and computing power with cloud storage.

Earlier, we talked about the population of the metaverse sector in companies that are indexed by the Federal Trade Commission. Since last June, 35 exchange-traded funds have been registered, which focus on the development of virtual worlds. Only 29 exchange-traded funds, which are designed to finance seemingly more relevant Internet technologies, were founded. There were even fewer funds aimed at developing blockchain systems - 23 companies.

Summing up, we can conclude that if Kelly Chu of Nasdaq is right, then 2023 can develop 3 directions in the metaverse: emotion recognition, robot teachers and Web3 games. Other experts argue that 2023 could be a breakthrough year for decentralized finance platforms, which may not be mutually exclusive for improving Web3 technologies.