{"id":4367,"date":"2023-04-04T20:00:35","date_gmt":"2023-04-04T13:00:35","guid":{"rendered":"https:\/\/itifund.com\/?p=4367"},"modified":"2023-05-08T13:23:19","modified_gmt":"2023-05-08T06:23:19","slug":"technology-investment-trends-in-2023-part-2","status":"publish","type":"post","link":"https:\/\/itifund.com\/en\/technology-investment-trends-in-2023-part-2\/","title":{"rendered":"Top Technology Investment Trends to Keep an Eye on in 2023 (Part 2)"},"content":{"rendered":"

A large amount of investment capital is pumped into Vietnamese technology startups opening up many opportunities and challenges for startups to meet business expectations.<\/p>\n

According to the GlobalData report, technology trends are predicted to be attractive to investors in 2023.<\/p>\n

Metaverse<\/strong><\/h2>\n

Metaverse<\/a><\/span> is a digital universe combining aspects of the internet, Augmented Reality (AR), Virtual Reality (VR), online gaming, social media, cryptocurrency, etc., allowing users to interact and share experiences in a sophisticatedly designed virtual world in real-time. A series of big names from the fashion industry, banking, etc., have widely informed about their metaverse deployment plans in 2021-2022.<\/span><\/p>\n

In the future, the metaverse is predicted to explode more when SMEs join the “virtual universe”. 2023 will be a guide on how they work in the next decade, Experts said. In 2024, the value of metaverse investment could reach 800 billion USD and is expected to add 5 trillion USD to the global economy by 2030.<\/span><\/p>\n

\"Metaverse<\/p>\n

Metaverse, which combines all aspects of real life into a virtual universe<\/span><\/i><\/span><\/p>\n

According to Forrester<\/a><\/span>, applying the metaverse to features such as Zoom, Slack, Webex, etc., will make this technology accessible to tens of millions of people. Gen Z will likely be the primary user of the metaverse as they start spending time on proto-metaverse technologies instead of Facebook and Instagram. Although, from an organizational perspective, metaverse will help businesses efficiently process and visualize complex data; they are also handy for work related to physical security (according to BCG).<\/span><\/p>\n

On the other hand, VMware also recommends that users be careful when approaching this new technology to avoid network attacks and personal data theft. To be truly secure, the platform must implement controls and continuous authentication \u2013 taking advantage of factors like biometrics and monitoring user behaviour closely.<\/span><\/p>\n

Blockchain & crypto<\/strong><\/h2>\n

Despite possessing a lot of potentials, blockchain has not been noticed by lawmakers because of its high energy consumption, for example, Ethereum used to consume 112 TWh\/year with the PoW mechanism, equivalent to the electricity consumption of The whole Netherlands, but after switching to PoS mechanism in mid-September 2022, the amount of electricity decreased by 99%, equivalent to 0.01 TWh\/year. JP Morgan<\/a> <\/span>\u2013 the largest bank in the United States, assessed that it would be a catalyst for the development of the cryptocurrency market in the next 6-12 months.<\/span><\/p>\n

Besides, the mining of bitcoin and tokens also becomes more friendly when large ranchers around the globe turn to using renewable energy sources such as solar power instead of traditional materials, combined with The development of blockchain can become a positive signal to help end the “crypto winter” early, through several applications:<\/span><\/p>\n