The metaverse is coming, are you ready? It has the potential to create parallel systems of existence that will revolutionise how we live, and how we communicate with people around the world. It’s going to take a few years for the metaverse to really deliver on its potential. But that potential is huge.
And since Mark Zuckerberg announced on October 28 that Facebook’s rename to Meta, interest in the concept of a virtual world has soared. Now, Disney and Microsoft have also announced metaverse plans. This means exciting new opportunities for investors. Wall Street firm Morgan Stanley believes the metaverse to be an $8 trillion market that could replace today’s internet.
What is the metaverse?
The metaverse is a virtual universe where users can interact with one another as digital avatars. It consists of different shared online spaces that can be used for communication, games, and even work. While it remains largely conceptual, the possibilities are endless, offering huge potential to revolutionise our communication and lifestyles.
How to invest in the metaverse
There are loads of different ways that you can get involved. Here are a few:
Meta: The most obvious stock option if you’re interested in investing in the metaverse is Meta (formerly Facebook). The firm is investing billions of dollars into the development of the metaverse.
Nvidia: American technology company, Nvidia could offer the foundation for the metaverse through its Omniverse platform, an open-source tool that allows users to build virtual worlds.
Metaverse gaming tokens like AXS, SAND, and MANA are available to buy on top cryptocurrency exchanges like FTX.
AXS: AXS is the Ethereum token that powers Axie Infinity, a blockchain-based game. AXS token holders can claim rewards for playing the game, participating in governance votes, and staking their tokens.
SAND: SAND is the native crypto token of metaverse platform, The Sandbox.
MANA: MANA is an Ethereum token that powers Decentraland, the virtual reality platform. Players can use MANA to purchase virtual plots of land in Decentraland. The price of MANA has risen by 47.9% in the past 7 days.
One of the most popular ways to invest in the Metaverse is by buying NFTs (non-fungible tokens) Crypto-based metaverse platforms like The Sandbox and Decentraland use NFTs to denote ownership of digital assets like wearables, virtual land, and artefacts to users. In The Sandbox, NFTs include content from popular brands like Smurfs, Care Bears, and Atari. Sandbox users can also mint their own NFTs, monetise them, and share their creations with others.
Like in the real world, investing and growing your metaverse property portfolio allows you to make real money. That’s why some are investing millions in virtual parcels of land. Owners can use their land to generate passive income in a host of creative ways like selling space for advertising, charging rent, hosting and events. And, as they own the land, they get to keep 100% of the profits.
Disclaimer: THIS IS NOT FINANCIAL NOR INVESTMENT ADVICE. Only you are responsible for any capital-related decisions you make, and only you are accountable for the results.