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Cathie Wood believes the Metaverse is a multitrillion-dollar opportunity that will infiltrate every sector

Cathie Wood is used to making big calls, and she's just made another one.

The founder and CEO of Ark Invest told CNBC on Wednesday that she believes the Metaverse will be a multitrillion-dollar opportunity that will have an influence across the economy.

"It's a big notion that will probably infect - just like technology has - every sector in ways we can't even understand right now," she said in a CNBC Pro Talk with Sara Eisen.

Many investors are paying attention to the Metaverse right now. It's a catch-all phrase for multiple virtual worlds where users can play games, work, and build stuff in the form of avatars. In some worlds, people can earn cryptocurrency and exchange non-fungible tokens, or NFTs, which are crypto collectibles.

Games like Fortnite and Roblox are currently the most well-known examples of the Metaverse. Other initiatives, though, are generating buzz: a plot of land in The Sandbox metaverse just sold for $4.3 million.

Facebook has changed its name to Meta and declared that it would focus on creating virtual worlds, which it believes will be the internet's future.

"We do," Wood replied on CNBC when asked if she believes the Metaverse can become a multibillion-dollar market.

"We'll have our digital twins," she added, "and it'll offer a lot of fun and a lot of efficiencies."

Despite this, the mega-investor believes the Metaverse will grow significantly, moving away from the current focus on games and consumer items like Fortnite's "virtual skins."

She cited Trimble as an example of a corporation that simulates settings for the benefit of industries like water utilities. Trimble creates very detailed digital infrastructure maps. "I believe this is far more than a consumer concept," she stated.

Wood rose to prominence as an investor in 2020 after placing large bets on Tesla and other fast-growing technological firms. In 2020, when tech stocks climbed as governments and central banks injected liquidity into economies, Ark Invest's Innovation ETF increased by more than 140 percent.

On the other hand, Wood's investments were less successful in 2021, as investors favored assets that do better when economic growth and inflation are higher, such as energy companies and banks. The Ark Innovation ETF has lost about 20% this year, while the Ark Genomic Revolution ETF has lost more than 35%.

Despite some investors' enthusiasm for the Metaverse, many others are cautious, pointing out that people have been playing games in virtual worlds for years and that the concept is not new.

Last week, Raj Gokal, one of the co-founders of the cryptocurrency network Solana, tweeted: "I'm concerned that the Metaverse is being pushed up too much (industry-wide). Maybe never before have I seen so much excitement in the mainstream media around an unannounced product or group of products."