We will be happy to have you on board as a blogger, if you have the knack for writing. Just drop in a mail at with a brief bio and we will get in touch with you. The concept of the metaverse was first coined by Neal Stephenson in 1992 in his novel, ‘Snow Crash.’ From thereon, the concept has been implemented and is been developed by several companies.
- Businesses evidently cannot afford to ignore the potential of the metaverse — neither in the short term, nor in the long run.
- Considering the humongous growth potential of the metaverse, it makes sense for you to invest in it and benefit from it.
- The top cryptocurrencies to look at when considering investing in the metaverse are Decentraland, Sandbox, Axie Infinity, Enjin as well as Ethereum.
- The metaverse could contribute between C$45.3 billion ($33.88 billion) and C$85.5 billion to Canada’s annual GDP by 2035.
Why else would Microsoft invest close to $7.5 billion in acquiring a gaming platform called Zenimax which is also the parent company of Bethesda? In 2021, Microsoft shocked the world when it announced that it had bought Activision Blizzard for a whopping $67.5 billion! This is the same company responsible for titles like the Call of Duty and Tony Hawk’s Pro Skater series. Not to mention that Microsoft also owns the game Roblox which is another mini metaverse of its own with more than 140 million monthly active users. Facebook not only changed its brand identity to Meta back in October last year but also spent $10 billion dollars in order to start building technologies for the metaverse. In addition, Meta is also developing what’s being called the world’s fastest supercomputer in order to accelerate the development of the metaverse project that the company has so religiously invested in.
Invest in Metaverse Coin Sets
Car manufacturers have embraced the metaverse by curating highly contextualised test-driving capabilities for their premium brands in a virtual world. They also provide virtual showrooms, entertainment zones as well as game areas in the metaverse. The pandemic has further transformed user preference for digitally enhanced experiences. As per Menon, we may see sectors such as art, online education, business offices, music, gaming, advertising and sponsored content businesses that will enjoy the first-mover advantage on Metaverse. Meta stock is down nearly 65% this year, and some have questioned Meta CEO Mark Zuckerberg’s expensive bet on the metaverse which comes as the company has cut other costs, including widespread layoffs. Reality Labs reported a loss from operations of $9.4 billion through the first nine months of the year; Meta’s family of apps, by comparison, brought in roughly $32 billion in profit during that same period.
You can rent out your Metaverse property to such brands to help them advertise their product. People who sell NFT can also be in need of such shops to set up their work, and sooner or later, you will https://www.xcritical.in/ see that your tenants are selling NFT products while you earn by renting out such shops on your Metaverse property. With people having fewer resources, it becomes to invest in Metaverse’s land.
One can invest in virtual real estate by researching virtual world platforms and choosing a desirable location that can be bought with the platform’s cryptocurrency. Metaverse has vast potential for investors as they can buy/sell land, NFTs, and even metaverse cryptocurrency virtually. Indian gaming company Nazara Technologies is building its presence in the metaverse with its immersive games. Currently, its regular games contribute a big chunk of the company’s portfolio. However, there is scope for the metaverse portfolio to scale up in future.
Some of the most expensive NFTs include ‘The Merge’ which was sold for a whopping $91.8 million. However, NFTs in common are extremely risky investments hence you should only allocate a small percentage of your overall portfolio towards them. With the increasing hype in the market related to this space, numerous cryptocurrencies are getting manipulated for abnormal profits for a few. A recent example was that of the ‘Squid-game token’, which turned out to be a total scam.
Another pleasant surprise would be Union Bank of India which has set up a MetaVerse lounge with support from Tech Mahindra. Wipro has joined the Metaverse Standards Forum, which is focused on building a pervasive, open, inclusive Metaverse as a principal member. The Metaverse Standards Forum has companies like Microsoft, Meta, Adobe, Autodesk, NVIDIA, Qualcomm and Sony as founding members. The clients who need customised spaces within the Metaverse built for them are of at least two types, viz. Consumer brands like Coca-Cola, Nike, Zara and Hyundai; and enterprises like GE, Pfizer, JP Morgan and General Motors. This is also one of the most famous and upcoming metaverse shares domestically.
For example, Infosys has launched its Metaverse Foundry, which offers use cases such as avatars (3D personalities for people), and Virtual Reality Stores, among others. TechMVerse offers various use cases, such as Meta Bank—a virtual bank, DealerVerse—a virtual car dealership, and Middlemist— an NFT marketplace. First, the Internet evolved into the Web, which evolved into today’s Social Media. Now Mark Zuckerberg and Satya Nadella are building the next stage of the evolution of the Internet—the Metaverse, the Internet 4.0 or the Web 3.0. In addition, Autodesk, Qualcomm and Zoom are other companies partnering with Meta Platforms (formerly, Facebook) to build the future of the Metaverse. Another great strategy that has worked for big tech companies when they have felt they are being ousted by a smaller player is an acquisition.
Still, investors who want to bet on the metaverse need to look past the hype and choose a fund carefully, strategists say. Keep in mind that some metaverse ETFs have higher costs than the average index fund, and some don’t offer much diversification within the sector. Today, there are seven metaverse ETFs with total assets of $438.2 million, Morningstar Direct reports. Our advice would be taken for areas that show some potential for development. A place where people congregate will anytime be more valuable than nondescript areas. You can score these properties at relatively lower prices, build on them, and wait for prices to drive up.
Fast forwarding to 2022, we are splurging our wealth on a piece of land that doesn’t even physically exist. The market and the demand for that particular piece of the land determine the Metaverse land price. In the Metaverse, the price of land can range from a few cents to hundreds of dollars per square meter. Other factors for buying property in Metaverse include location, proximity to popular areas, and also the amount of virtual content developed in the area. In this blog, we will be rummaging through the ins and outs of this brand-new reality awaiting us and already on the threshold. The retail industry has an important presence in the world of Metaverse, and you will find lots of brands that will require ample space for their shops and retail locations in the Metaverse world.
In this way, you will capitalize on an expanding market that has immense growth potential. But also remember that this technology is in its early stages henceforth, countless new companies will emerge that will have equally good potential. Therefore, it is best to spread your https://www.xcritical.in/blog/how-to-invest-in-metaverse-stocks-cryptocurrencies-and-more/ bets on different companies and also do not go all-in at this moment. Allocate only a small of your portfolio so that your overall risk in this space is limited. Direct investment in metaverse can be made by purchasing virtual land or properties as assets in Metaverse.
Invest in Metaverse Today and be a part of the US$5T Economy in 2030
I recently started building an investment portfolio with stocks, mutual funds and even crypto. I am aware that some of these assets come with their own set of risks and do not offer guaranteed returns. Because there is a chance that they will yield better returns than conventional savings tools like provident funds or fixed deposits. Conceptually, the metaverse, Facebook’s new universe and even that Decentraland has to offer, involves virtual reality (VR) and not just AR. Metaverses is going to allow users to live a whole virtual life, including socialise, work, attend meetings, relax, play games, workout, etc, by using headsets and VR touch controllers. And with multi million-dollar real-estate deals taking place for plots of virtual land, the new age of tech is here.
How to invest in the metaverse and create wealth
Metaverse Index is an excellent way to invest for those looking to invest in digital currencies with a promise of great returns. We think that Metaverse Index is a perfect way to go and invest your resources in the Metaverse. Moreover, Wipro has created a VR-based solution for the retail industry that allows customers to try on garments and accessories visually.