元宇宙时代：投资于交付、基础架构和内容(英)-汇丰-2021.12-74页.pdf.pdf

                    Disruptive Technology ● Equities
December 2021

Playing the metaverse theme
Metaverse ecosystem: estimated expectation vs. reality
Quantum computing,

Crypto,
pto, digital
d
goods,

brain computer interface

non-fungible
ngib tokens

Video games, digital
streaming content

Virtual and augmented
ugm
reality headsets
adsets

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Hold rating

System

Buy rating

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in Asia, Europe and the US

emi 31
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Companies playing to our theme

lt
Dassau

Stocks in our universe

Real application

Wil
l Se

Backlash window

WIN S

Early disruption Hype mania

Data and processing

Virtual
‘transport’
‘tra
spo
Regulation
Re
ulati n an
and
nd
interoperability
int
inte
erroperabil
rope
o ra
abilility
tyy

ESG and other potential
issues for the metaverse

Content
Co
nten
Data
D
a and
nd processing
processing

ccensorship
ens
nsors
rship
p
Health,
He
ea
altth, safety
safet y and
and

emissions
e
missio
ons

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M
a
arke
kett pla
place
lacce
competition
cco
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omp
petiti
tititii

ssocial
so
oc
oci
ocial
o
cial
a polici
al
policies
poli
po
o iicciies
ies
Privacy
P
rivacy
riivvva
accyy
a
Source: Company data, HSBC Qianhai Securities estimates

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