How to invest in the “Metaverse”?
By focusing on the Metaverse, Mark Zuckerberg announces a new technological revolution that will impact all sectors of life. This “metaverse” will allow us to dive deeper into a virtual world that offers many more possibilities in terms of innovation and communication. Beyond these novelties, the “metaverse” also represents a golden opportunity to invest in the technological field. How to proceed? This is the objective of this article, which presents in the following lines, a few ways to invest in the “metaverse”.
Buy cryptos related to the Metaverse
To buy metaverse assets, you can invest in metaverse games such as The Sandbox (SAND), Decentraland (MANA) and Axe Infinity (AXS). To buy crypto-currencies from these companies, you can go to a crypto-currency exchange and buy them. The best way to profit from crypto-currencies without taking too much risk is simply to own Ethereum (ETH). If you want, the Metavers Index is a viable option to learn about currencies that come from the “metaverse” domain. On this index, you can gather all the information about the coins based on the “metaverse” and get an overview of which coin would be the best to invest in.
Buying shares on the stock market
There are many companies that are planning to be real players in the Metaverse. So it would be interesting to buy their shares on the stock market. Here are some of them.
- Meta (formerly Facebook): the digital company has announced an initial investment of $10 billion for the development of the Metaverse. It plans to capitalize on virtual commerce and advertising.
- Unity Software: this company specializes in the design of video games and has systems for designing the various movements of players on video platforms. It recently acquired shares in Weta Digital, the company that produced the special effects for the Lord of the Rings movie.
- Roblox Corp: is a digital entertainment platform that allows users to develop games. It has 50 million active users who use the platform’s virtual currency.
No one knows exactly what form the metaverse will eventually take or which companies will be at the center of it, but it would be hard to argue that it will disappear. The trends are clear, metavers are enjoying increasing popularity. However, with so much uncertainty, your best bet is to monitor progress in all directions and remember to look beyond the most obvious stock choices.
Investing in Virtual Real Estate
Companies and the wealthy are spending millions to claim their share of virtual land. Pavia is an NFT project with 100,000 parcels of land. It has already sold over 60% of its lots. It is based on the Cardano blockchain and has a strong community of over 8,700 NFT landowners. Another popular project is Decentraland (MANA). Currently, nearly 7,000 wallet addresses hold about 36 million MANAs. Decentraland is also attracting a lot of interest from financial institutions and celebrities.
You can buy these NFTs through platforms such as OpenSea, via auctions. The downside is that many of the starting prices of these NFTs are quite high. For example, the cheapest land in The Sandbox listed on OpenSea is currently listed for sale at around $3500. However, if you manage to own one, you can always rent it to content creators, gamers, game developers, who can’t buy land, but can rent it. So renting your land is a great way to make money in the metaverse.