First Mover Asia: What’s in HSBC’s Metaverse Fund for Hong Kong, Singapore Private Banking Clients?; Bitcoin Declines

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First Mover Asia: What’s in HSBC’s Metaverse Fund for Hong Kong, Singapore Private Banking Clients?; Bitcoin Declines
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But what exactly is this fund? What does it hold? Does anyone know? The official response from HSBC is boilerplate and the company declined to go into specifics. thesamreynolds and JPRubin23 report

for its private banking clients in Hong Kong and Singapore. To the outsider, this has all the makings of a FOMO narrative: accredited investors only, investors in Hong Kong and Singapore only – where more exciting investment opportunities are available – and finally theBut what exactly is this fund? What does it hold? Does anyone know? The official response from HSBC is boilerplate and the company declined to go into specifics.

After all, the same companies that power gaming experiences, like Unity and Unreal, which make game engines, or EA and Activision, which make the games themselves, would have a similar place and weight in a pure gaming fund.Every few years investors and the tech industry must invent new terms, and metaverse seems to be one of them. It’s simply gaming, rebranded.

Gaming is a huge market, accelerated by stay-at-home orders during the coronavirus pandemic. This is the real $13 trillion opportunity.major crypto metaverse platforms

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