Codebase describes the proposed strategy for investments in the metaverse
Drawing on the expertise of the firm’s advisors, Codebase actively acquires assets in metaverse environments
Potential investments will include underlying metaverse currencies and real estate
Bloomberg Intelligence recently estimated that the size of the metaverse market will reach $800 billion by 2024.1
VANCOUVER, BC / ACCESSWIRE / March 2, 2022 / Codebase Ventures Inc. (“Codebase” or the “Company”) (CSE: CODE)(FSE: C5B)(OTCQB: BKLLF) is pleased to provide an overview of its proposed metaverse investment strategy.
The company is considering an investment portfolio, focused on accumulating key investments in the DeFi ecosystem following extensive research and planning with the company’s advisors, in line with the DeFi investment thesis on the Codebase blockchain.
“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 is expected to be the successor to the mobile Internet, in the same way that Web 3.0 is expected to be the successor to Web 2.0.”2
“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,” said Jake Chernoff, Codebase Technology Advisor. “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 ability to acquire underlying currencies and properties within the metaverse is a key strategic investment pillar for Codebase to position the company with assets in this emerging space.
About Codebase Ventures Inc.
Codebase Ventures Inc. seeks seed investments in emerging technology sectors, including the blockchain ecosystem and fintech. The Company identifies these opportunities and uses its relationships and capital to advance its interests.
For more information, please contact:
George Tsafalas – Ivy Lu
Telephone: Toll free (877) 806-CODE (2633) or 1 (778) 806-5150
Email: [email protected]
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THE SOURCE: Codebase Ventures Inc.
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