Investment in Metaverse: Here’s Everything You Need To Know About Metaverse Investing
We’ve all heard about the Metaverse, but how can you actively invest in Metaverse? According to Bloomberg, the sector could be worth $800 billion by 2024. The rush to gain a presence has already begun, with prospects ranging from the game industry to social media giants and retail.
Metaverse gaming stocks
Gaming organizations are among the leading contenders in assisting us in visualizing what the Metaverse might look like, and they could account for half of this new market in 2024 – almost $400 billion.
Then there’s Nvidia, the world’s top graphics card manufacturer, working on a metaverse platform of its own.
And there’s Roblox, which has a platform that permits over 40 million daily users to make and play basic games and create rich worlds.
Social media companies
Social media giants could potentially be a good investment.
Meta owns Oculus Rift, a virtual reality headset firm, and is working on its smart glasses, which they hope will be interoperable with the Metaverse one day. However, the corporation faces severe competition, particularly in Asia, from Tencent, which controls WeChat, allowing users to pay bills, communicate, and video chat.
To realize its goals, Tencent is filing metaverse trademarks and hiring developers.
Then there’s South Korea, which has formed a “metaverse alliance” with over 200 firms, including tech giant Samsung, which is gearing up for 6G, which it hopes will give the Metaverse the fast network speeds it requires.
Investing in a company’s stock isn’t the only option; you can also purchase a plot of land in the Metaverse.
When Facebook revealed its rebranding as Meta, the price of SAND skyrocketed, as did the price of MANNA, the token used in another metaverse known as decentraland.
Digital transactions for virtual objects have surged in recent years with the rise of NFTs and blockchain-based goods.
The global value of the NFT market is now catching up with the estimated value of real-world art. NFTs use blockchains to sell original versions of digital media such as art or music, and the global value of the NFT market is now catching up with the estimated value of real-world art. Some of the world’s most well-known businesses, such as Nike, have been noted.
Nike has developed a digital store in the Roblox metaverse to secure its trademark in virtual worlds.