Although many people are unfamiliar with the term “metaverse,” it has been in use for over 3 decades. However, as fresh initiatives emerge, it has recently acquired popularity.
Fans of popular books like Neal Stephenson’s Snow Crash or films like Ready Player One or The Matrix are familiar with the Metaverse concept. It has been a recurring theme in science fiction for decades. Let’s dive into a little detail to get a clear understanding of the metaverse.
What Is Metaverse?
Metaverse is a computer-generated virtual reality that allows individuals to access the area via “avatars,” which are essentially virtual reproductions of physical bodies used to explore and interact with its elements.
It’s essentially a universe of infinite, interconnected virtual communities where people can meet, work, and play utilizing virtual reality headsets, augmented reality glasses, smartphone apps, and other technologies.
Recently, Facebook has been making significant statements about transforming from a social media company to a metaverse corporation. Meanwhile, other firms have raised significant funds, such as Epic Games, which secured $1 billion in funding, to pursue similar goals.
Now, lets discuss how you can invest in the Metaverse.
How to Invest in Metaverse
1. By Purchasing Tokens From the Virtual World
A virtual world coin being a digital token is, however, associated with the virtual reality sector. Users in this virtual world can use virtual world tokens to purchase land and in-game goods such as avatars.
Metaverse Index (MVI) token, which exposes holders to various tokens from cryptocurrency programs composed of topics such as; NFTs, virtual worlds, and online gaming, is an example of a virtual world token. In some ways, the Metaverse Index token functions similarly to a metaverse ETF for the crypto markets.
MANA and LAND are other examples of decentralized tokens. They enable users to purchase land, engage with one another, and play games. MANA is the network’s native utility token used for transactions, whereas LAND is a non-fungible token that symbolizes all land parcels on the platform.
2. Buying Metaverse Stocks
Buying “metaverse stocks” is one-way investors eyeing the Metaverse can invest in it. Enterprises participate in creating the metaverse by publicly trading the shares.
Because it is at the frontline of constructing the Metaverse, Facebook (FB) is a fantastic example of a firm whose stock you can buy if you want to invest in it. Facebook CEO Mark Zuckerberg wants people to know his company as a metaverse firm rather than a social media company.
3. By Buying Metaverse Exchange-Traded Funds (ETFs)
Investors could also obtain exposure to the expanding metaverse industry by purchasing a metaverse ETF. An exchange-traded fund (ETF) is a collection of securities that trade on a stock exchange the same way that stock does.
By investing in a metaverse stock ETF, people can invest in companies that are already making the Metaverse happen or are in a good position to do so in the future.
Invest in Metaverse
As we keep evolving, it is in our human nature to conquer problems and create new experiences that ultimately fulfil us as a whole. However, the needs being met are universal and innate, as they include the need for competence, autonomy, and relatedness. A prospect that Metaverse is intending to solve.