Investment Opportunities in The Metaverse Project

Anita Forba

· 25 Nov 2021

Investment Opportunities in The Metaverse Project

The metaverse is the next proposed phase of the Internet. It is said to be a merger of technological elements of the virtual world, Augmented Reality (AR), Virtual Reality (VR), and Extended Reality (XR) as is expected to dissolve technological problems with these devices. This Internet phase is also predicted to affect various sectors in the economy, such as education and business, as well as revolutionize the lifestyles of its users.

Across different business verticals, the metaverse will be used to boost productivities at work by increasing the efficiencies of workers. In the learning system, the metaverse is proposed to allow teachers and students co-exist in a disciplined and extremely focused learning environment. Consequentially, this upgrade will increase the rate of learning of students and their performances.

The metaverse will be used in organizations, brands, or occupations that thrive on showcases and displays. For example, a car dealer can show a potential customer the experience they can derive from a particular model of car. Also, it can advance the use of virtual reality that is already used to house tours. There are many more occupations that will be affected by the metaverse, such as Police Officers, Doctors, Accountants, etc.

In the nearest future, being in the virtual world will be a choice of living to some individuals. It is extremely easy to get addicted to the virtual space. With that in mind, various Blockchain platforms are popping up. These platforms are structured to be the pillars of their virtual space in which people can trade cryptocurrency, trade NFTs or play games.

Organizations like Facebook have started to invest in the metaverse project by contributing to the technological elements required to display the metaverse virtual space. In October 28, Mark Zuckerberg's announcement to change Facebook's name to Meta allowed its share price to rise more than 9%.

Once the metaverse has been completely developed, it is expected to have three major features: standardization, presence, and interoperability. Metaverse is expected to allow individuals to be present with other individuals in a virtual space and allow these individuals to operate with avatars and other digital accessories. Humans will need to use cryptocurrency to purchase these digital accessories and clothing.

For the metaverse to be fully developed, the following conditions must be established:
•    Virtual currencies must be fully accepted by the world.
•    Virtual interaction must be adopted and become a part of people's daily activities.
•    Virtual certificates must be created to implement virtual security.
According to the Bloomberg Intelligence, the Metaverse's market size is estimated to be $800 billion by 2024. That is a very large number!

How Can One Invest in The Metaverse Project?
Before investing in the metaverse project, an investor must decide whether to invest short term or long term. There are other choices investors must make before diving into the investment opportunities presented by the metaverse. It is advisable to invest in the structure of platforms and ecosystem in the metaverse.

Metaverse's Stocks: These stocks are shares which public institutions that are associated with the Metaverse trade with. Such public companies include Facebook, Roblox, Amazon, Microsoft, and Walt Disney. These stocks are at the very core of the metaverse project, and it would be wise to invest in them.
Metaverse's NFTs: To invest cryptocurrency into the metaverse, users will have to purchase NFTs. A NFT is an element of data that is unique, cannot be interchanged, and is stored on a digital ledger. Investing in metaverse NFTs assets on a specific metaverse platform is another investment opportunity. You can do so by purchasing accessories or clothing for an avatar on a virtual space.
Virtual World or Social Tokens: These are tokens associated to a virtual space. They are a form of cryptocurrency whose existence is developed about a person, group of persons or a brand. With virtual reality, participants can purchase land and other collectibles in a virtual world. A good example of a virtual world token is the Metaverse Index token. Other social tokens are Decentraland's MANA and LAND. With the prospect of individuals interacting on virtual worlds, the advancement of the metaverse might bring about the inception of new applications for social networking.
Metaverse's ETFs: An Exchange Traded Fund is a group of securities that are used to trade on exchanges like stocks. With ETFs, humans are allowed to invest in companies already supporting the metaverse project or invest in companies that have the potential to do so in the foreseeable future. The Roundhill Ball Metaverse ETF is already making this a reality.

Metaverse Software and Hardware: To become a great hit, the metaverse project needs bountiful donations and investments contributed towards the acquirement of software and hardware. Gaming organizations like Unity Software and Roblox are already masters in providing exceptional virtual reality experiences. Epic Games once hosted an Ariana Grande concert on their platform, which was positively received by the audience. The metaverse project will also require contributions from providers of graphics and video processing chips to enable it running seamlessly. Three-dimensional design applications such as Autodesk and SOLIDWORKS are also not left out in the contributions. Consistent network services directly influence the quality of user experience. These companies will be required for the complete development of the metaverse. Investors are therefore advised to invest in such companies

With the development of the metaverse project, blockchain platforms tailored to decentralize finance, governance and smart contract will simultaneously be created, thus speeding up the process of creation. A good thing about cryptocurrency-based metaverse projects is that participants can earn valuables and assets in a virtual space in the metaverse. These valuables can be swapped with other digital assets or physical world properties.

The development in the metaverse project will create a myriad of opportunities to upgrade our lifestyles and means of social interaction. Even with its accelerated development in the aftermath of the COVID-19 pandemic, the metaverse can be deemed conceptual and still has a long way to go before it is fully developed.

#stoepplantjes #metaverse #Thoughtprovoking