24th August 2022 Digital Bytes

Welcome to this week’s Digital Bytes. This week we have analysis on the following topics:

By 2030, metaverse revenues p.a. to be worth more than the GDP of Japan - it is estimated that the metaverse will generate $5trillion of turnover by 2030; that is, more than the GDP of the world’s third largest economy. Globally, the metaverse is set to change the tourism, retail, entertainment and education sectors, to name just a few, and potentially alter city plans.

Whose money is it anyway? How blockchain technology can give control back to investors - it is easy for asset managers to be complacent and forget that they are purely the managers of other people’s money. Whilst these managers believe they are acting in the best interest of their mutual fund holders pursuing ESG practices, such unit holders are not able to vote on corporate matters nor enjoy shareholders perks. There has been a trend to general disengagement between the actual shareholders and the boards of quoted companies since s…