When Mark Zuckerberg announced Metaverse as the next big step for what was once Facebook, the financial industry as a whole jumped at a chance to invest in this new opportunity. After a while, smaller investors, and investment funds that they used followed along.
It seems as though the Metaverse and all the possibilities that augmented reality has to offer are becoming a hub for innovation and investment. There are a few ways to invest in the project, some of which are quite common and similar to traditional investing, while others are brand new and possibly a sign of things to come.
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Investing in Stocks
The simplest and most traditional way of investing in Metaverse is to invest in the companies that are related to it. This works the same as with buying any stock of a publicly-traded company.
There are a few such companies, some of which are related to Facebook and a few that have nothing to do with Facebook but rely on similar technology and hope for it to become an important feature of internet use in the years to come.
Crypto and Metaverse
Metaverse projects are powered by blockchain technology and they are in turn based on fungible tokens that can be exchanged and divided. Such tokens can then be used as a currency within the Metaverse. It’s, therefore, possible to invest in Metaverse by using trusted cloud mining sites and investing in the currency on which the Metaverse will run.
We’ve already seen an increased interest in cryptocurrencies by numerous industries and financial institutions that are looking for ways to incorporate them into their more traditional offer. Chances are that the interest will increase now when Metaverse has become popular as well.
Buying Land Within the Metaverse
Land and other digital items can be purchased within the Metaverse and many are seeing this as an investment opportunity as well. The land is the most important resource within the Metaverse and the easiest one to earn since it can be rented just as with real land.
The land is sold in a form of an NFT or as a digital token. It’s the blockchain network that creates proof of purchase and therefore proof of ownership that can later be used to rent or resell the land, as you please.
Advertising opportunities
There are also advertising opportunities within the Metaverse as was noticed by many companies as soon as Zuckerberg announced the pivot. Avatars, which are visual representations of your presence online will become increasingly important in the Metaverse. That’s the most public image a user can have and therefore it’s a great place to advertise.
Some NFL teams have already announced that you’re going to be able to dress your avatar in one of their jerseys for a small fee. NFT avatars are also up for sale and they are quickly becoming a part of an online identity.
What Companies To Look For
There are a few companies you can invest in that will benefit from the rise of the Metaverse. The most obvious one is Meta Platforms Inc, which is the company formerly known as Facebook. The platform set up by the company is called Horizon worlds and it’s gaining new users every day.
The VR part of the company is based on the technology created by Oculus Quest. Their VR set was purchased by Facebook and it became an integral part of the strategy. The headset was the most purchased gift item in 2021, showing that there’s great interest in this development.
Boeing and Microsoft
Facebook isn’t the only one diving into the VR market. Microsoft has started its own VR platform mostly focused on video conferences which became a staple of office work during the pandemic. It uses holographic 3D avatars to set up virtual meetings on a new level.
Boeing has announced that it too will take advantage of the VR tech development made to seamlessly blend the work of humans, robots, and AI technology. Investing in either of these publicly-traded companies is therefore an investment in the future of the Metaverse technology and the concept itself.
Metaverse Tokens to Invest In
A decentralized MANA token is used to run the Decentralized Metaverse and at this point, it’s the largest digital token to invest in. The market cap on the company is now at $6 billion. The tokens are used to exchange digital goods and services within the platform.
Axie Infinity is another token network that you should be aware of. It’s not used as a currency within the metaverse but as a governance token. Those who own it get to make decisions in regards to how AXS is run. Chances are that it will later become modified to serve as a currency as well.
How to Buy Land?
Buying land within the metaverse is done as with any other purchase made by digital currency. You’ll need to set up a digital wallet that you can use to purchase items with the platform. Once you make such a purchase you’ll get proof that you own a piece of digital property.
The same happens when you buy other items within the metaverse. At this point, clothes for your avatar are rather popular, but there will soon be others. The possibilities of what could be bought and sold are endless, but the process is the same.
Is Metaverse the Future?
It’s never easy to predict what the future will be, but it seems there’s a trend in the tech world. Metaverse will be the next big trend that will change how we use the internet. There’s no way of knowing how long it’s going to last, but a lot of big names in the industry are working towards that goal.
There’s money to be made in the process and that’s why you should look into some of these investment opportunities. As is the case with any other investment, don’t put all of your eggs in one digital basket and exercise care and caution.