目 录

一、元宇宙产业链的内涵...............................................................................2

二、市场增长核心驱动力...............................................................................2

（一）正在兴起的万亿级新蓝海...........................................................................2

（二）中国市场驶入发展快车道...........................................................................3

三、股权投资的热点赛道...............................................................................4

（一）游戏平台与 IP 内容孵化............................................................................. 4

（二）AR/VR 硬件最受资本青睐......................................................................... 5

四、产业链高价值环节画像............................................................................6

（一）基础支撑层聚焦于芯片和硬件终端..........................................................7

（二）AI/NFT/区块链等技术是核心关键.........................................................14

（三）社交/娱乐/文旅/商贸成应用主场景...................................................... 17

五、趋势研判与投资建议.............................................................................19