Codebase Ventures Inc Announces Metaverse Investment Strategy
The potential to acquire currencies and underlying properties within the metaverse is a key strategic investment pillar for Codebase to position the company with assets in this emerging space.
Codebase Ventures Inc said it is considering a metaverse investment strategy via a portfolio focused on accumulating key investments in the DeFi ecosystem following extensive research and planning with advisors from the DeFi ecosystem. company in accordance with the company’s blockchain DeFi investment thesis.
“The Metaverse and virtual reality represent immersive technologies with the potential to completely change the way we communicate, play games and even visit loved ones – and we’ve only seen this growth accelerate throughout of the pandemic,” Jake Chernoff, Codebase Technology adviser, said in a statement.
He added, “While we see these technologies developing at an accelerating rate, the Metaverse is an early-stage, unexplored industry – and the race for Metaverse superiority has only just begun.”
The Metaverse is speculated to be the next phase of the internet that will see Virtual Reality (VR), Augmented Reality (AR), and Mixed Reality (MR) merge with the real world.
In simpler terms, the metaverse can be thought of as a collection of interrelated virtual worlds, much like how the World Wide Web is a link of connected websites.
This internet-native world could change the world from what it is today by providing an alternate digital reality where humans can “live”, work and play. It should be the successor of the mobile Internet, in the same way that Web 3.0 should become the successor of Web 2.0.
The potential to acquire currencies and underlying properties within the metaverse is a key strategic investment pillar for Codebase to position the company with assets in this emerging space, the company noted.
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