The Metaverse is a virtual space within digital environments such as online games, social media, and virtual reality. All participants can gather in one virtual space to either work for profits or simply play around. It is a combination of the prefix “meta”, meaning beyond, and stem “universe”. It provides a huge breeding ground for a lot of companies to grow revenue.
A science-fiction concept created by Neal Stephenson, and described in detail in his 1992 novel “Snow Crash”, the metaverse portrayed a virtual reality where people wore headsets to interact with one another within a digital game-like world. Silicon Valley entrepreneurs have since then idolized the work and theory of the book and long to create something along the same lines.
Metaverse benefits the masses besides the simple pleasures of virtual reality when they buy into Metaverse stocks. By the way of the Blockchain platform that enables Metaverse, people can profit from these stocks in much the same way as investing in cryptocurrency.
Unique to the physical world
A walk down the memory lane would show numerous games and such that allowed users real-life-like activities. For instance, Second Life enabled people to create their own digital avatars that could interact and shop using real money, Grand Theft Auto is another example of a real-life simulation game.
With the growth of the Metaverse system, now games like Decentraland allow people to buy virtual plots. It is a complete virtual reality in itself that lets people act as visitors that can watch concerts, explore art galleries, gamble in casinos, watch live games and so much more. These services are then sold for thousands of dollars in MANA, a cryptocurrency.
This goes out to show that even though it is basically a blueprint of our real life, it is in fact a separate realm and reality for humans to live, away from their human lives. It offers a window into a completely different yet familiar reality from behind computer devices or mobile screens.
Growth of the Metaverse concept
Over the years this industry has seen a great number of advancements in artificial intelligence, computer graphics, virtual (VR), and augmented reality (AR) technology. By gaining the support of the following two huge tech companies, the metaverse concept is bound to become very successful in the future years.
- Microsoft (NASDAQ: MSFT) will make use of cloud units to enable companies to use the metaverse and make predictions about initiatives they plan on launching in the physical world.
- Facebook (NASDAQ: FB) looks forward to building a social and e-commerce-oriented metaverse for all.
World report suggests these latest technologies have made virtual realities very appealing for the masses. Major players like Facebook and Microsoft have done a great deal in promoting Metaverse and soon more and more companies will follow in their footsteps. Metaverse still has a long way to go but it will surely only grow to prosper.
What’s behind the popularity of this virtual reality
The Covid 19 pandemic played a key role in the rise of internet-based services. With the lockdown came all sorts of measures and to work from home and thus people had more time to conduct business and have recreational activities over the internet. This increased connectivity help in the popularity and preference of such concepts in the last couple of years.
Games offered players a chance to immerse themselves into a digital world that opened realms to what the future of metaverse might be like. This source of virtual entertainment with its many services has had a great impact on the real-time economy as well. The business has been mixed with pleasure and people have access to a money-making portal in the shape of the Metaverse.
Much like the rise of cryptocurrencies such as Bitcoin and Ethereum have skyrocketed in the past couple of years, Metaverse is leading the race in global dominance. With the rise in use and dependency on the internet, it is inevitable that these will only continue to grow.
Top Metaverse stocks to buy
There is an endless number of companies that have set their sights on Metaverse and have bought into their stocks. Many of these are definitely bound to make the most and benefit from the wonders of Metaverse. It is therefore important to know who the front runners will be so as to buy into their stocks on an individual level and have your part of the profits.
The best companies to invest in now as a long-term investment in the Metaverse are those best positioned to “win” the Metaverse? The main stock that comes to mind is Facebook because they are already a tech giant with a massive user base. They already have Oculus and Zuckerberg has said they are investing heavily in the Metaverse and was quoted that FB will be looked at as a “Metaverse Company” in 5 years.
The best stocks to invest/buy into are:
Facebook (FB)
Mark Zuckerberg had a great deal spoke about the future of Facebook and Metaverse. He spoke of Metaverse as a virtual environment that can be shared with people in a single digital space, it is an offering of the internet that allows you immersive experience rather than just observing from the outside. He even went as far as making the science fiction novel “Snow Crash” required reading for Facebooks management.
This metaverse vision is the root of Facebook’s acquisition of virtual reality as an early leader. It has created technology companies Oculus VR and more recently announced the creation of Horizon VR universe. These developments go out to show that Facebook is one of the wild horses in the race towards prospering from the offerings of the Metaverse.
Microsoft Corp (MSFT)
Microsoft Is one the earliest frontrunners in favor of professional use of the Metaverse. They created the brand-new concept of an “enterprise metaverse” thus making it the latest development in its infrastructure stack.
Microsoft wishes that with metaverse it can integrate the Internet of Things, digital twins, and mixed reality and grow Microsoft’s professional software market to a great dominating height. This goes out to show that the collaboration between the two is a sweet deal to buy into the stocks for Microsoft.
Unity Software Inc. (U)
Unity Software operates and owns a great number of 3D video game engines. These allow designers to customize video game players’ moves and interactions for themselves and other players. Unity might be one the front leading companies that help people and businesses build extensive metaverse foundations.
This would essentially be the same as running a website or certain social media for the purposes of profiting in today’s world. Unity Software Inc has live functioning virtual model at Hong Kong International Airport is a great show of its capabilities. This little introduction should be enough to consider Unity Software as one of your top priorities as the possible stock to buy into.
These are only the current top picks, there are a number of other great stocks to buy into that we haven’t gone into detail about:
- Roblox Corp. (RBLX)
- Amazon.com Inc. (AMZN)
- The Walt Disney Co. (DIS)
- Nvidia Corp. (NVDA)
Benefit from this virtual environment
By making the most of a concept like Metaverse, we can enhance our virtual living standards to a great extent. This will help us remove the limiters converging most of the digital platforms and digital channels into one single reality. Some of its key benefits are:
Pre-testing products before purchase
The greatest advantage of the metaverse is that it will enable customers to experience products without leaving their house, only behind a headset screen. Users will get first-hand experiences about the feel of the products and how they will be of value and advancement. Retail vendors will have the edge of having more and more engagement with customers from around the globe and can offer limitless products without any limitations.
Medical advancement
All thanks to the wonders of virtual reality, medical professionals will be able to collect a vast amount of data for research in their fields. Modern medical equipment owing to virtual reality has evolved much with the integration of Metaverse technology. Doctors are able to detect and diagnose health problems much easily and effectively due to the never-before-seen advancements in their biological procedures.
Visit another place without leaving your room
Owing to the Pandemic and its restrictions most people are bound to their homes. However, with Metaverse and their VR headsets, people have the service of visiting places from around the globe. These days people test prospective places to visit over VR applications before wasting any money in hotels or attraction-less places.
People with medical restrictions take these offerings as a blessing and make the most of what it has to offer. Metaverse offers experiences that none other can offer.
The world of gaming benefitted from Metaverse the most perhaps. With VR and AR headsets, the gaming industry has boomed even larger than it was ever before.
Once introduced to the Metaverse universe the popularity of an already famous recreation grew even more. Esports and VR sporting are becoming an increasingly demanded gaming style with more and more different types of epic games.
Final thoughts
With its ability to converge virtual worlds and physical realities, the metaverse can help us overcome a great number of limitations to the way we perceive the world around us. Big companies and investors have already begun investing in Metaverse Stocks and when you are fully convinced about the viability of the stocks, maybe it’s about time we all began investing individually too.
Those who strongly believe that the Metaverse is the future would love to get a discussion going on how everyone is positioning themselves to capitalize on the digital future! We can follow up on the following Metaverse entities.
- Tencent (owns Epic Games)- Heavily investing in the Metaverse
- Unity Software- Aiming to be the infrastructure of the Metaverse
- Nvidia- Graphics Processors
- Roblox- Already a huge Metaverse with users who know how to steal their parents credit card for Robucks
If Metaverse finds a way to develop even more further down the line it is unimaginable how wide of scope it will have in the future. The global economy awaits its great breakthrough and it is recommended to already start investing in this market much like the cryptocurrency market. Both currently have a volatile status however small steps may prove to be beneficial in the long run.
Matthew Ball launched an ETF called META that allows you to invest in some of the top companies working on the Metaverse. If you prefer funds instead of individual stocks, there’s the new Roundhill Ball Metaverse ETF, which was just released last month. It’s about as good an option as any!
Looking forward, the success of the metaverse depends largely on the actions – or inactions – of government. Consider that South Korea took a proactive approach to the Metaverse by launching an alliance of companies and researchers aimed at creating a national platform to support augmented reality.
Existing laws are not likely to keep up with the Metaverse, so governments around the world might attempt to create new laws to match it. Such government action will impact the innovations we have seen in both the public and private markets regarding virtual reality.
The other side is that if governments don’t nurture or regulate the metaverse, then large companies that invested in the Metaverse, such as Facebook (Nasdaq: FB), will control it. Do we really want Facebook to control this new world? Or will governments support the Metaverse, such as what South Korea did?
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