There are currently around 360,000 people worldwide that own NFTs.
NFTs are the backbone of the metaverse, and the rapid adoption of both is creating a range of new possibilities for anyone interested in investing. While there are multiple ways to invest, it can be very confusing when first getting started.
If you want to know where to begin, check out this metaverse investing guide.
What Is the Metaverse
The metaverse is a concept that has gained a lot of traction in recent years. It’s essentially a virtual world where people can interact with one another in a range of ways. People will typically access it via a computer, mobile device, or VR (virtual reality) headset.
We have yet to see the metaverse in full swing, but there are already several digital worlds that exist that people are using every day. Among the most popular are The Sandbox, Decentraland, and Enjin.
If you want to invest in the metaverse you first need to understand the different ways you can do this. The most well-known is through NFTs.
NFTs
NFTs (non-fungible tokens) are digital assets that can be used within the metaverse. They can include a range of things such as avatars, vehicles, and other objects.
Users can buy, sell, and trade these over an NFT exchange. Metaverse NFTs make up the virtual world through games and other experiences.
Metaverse Investing for Beginners
Beyond NFTs, there are some other ways that you can invest in the metaverse. Various metaverse projects have different purposes and give users opportunities to invest in things they believe will provide value.
The popularity of the metaverse is quickly increasing, but there’s still only a very small percentage of people already using it. Investing in metaverse stock early could be very worthwhile in the long run.
Metaverse Gaming Stocks
Roblox is one of the biggest games that uses metaverse technology, and it has grown massively in popularity in recent years. It started as a traditional video game, but by implementing blockchain technology it’s been able to add various extra features such as:
- Unique avatars
- Virtual currency
- New in-game experiences
Bringing this functionality into a game has shown the potential that metaverse gaming has, and is helping introduce gamers to the NFT space.
Metaverse 3D Technology Stocks
The metaverse relies on different technology and infrastructure to keep running. Investing in companies that provide this could prove very worthwhile as the metaverse grows. This includes companies that supply GPUs (graphics processing units) and processing chips like Nvidia.
Software companies such as Unity Software also provide platforms that help designers create these digital worlds. A lot of this software is designed so that people can use it without much training. By making it more accessible it gets more people creating, and establishes a wider user base.
The Future of the Metaverse
The rise of new technology always brings uncertainty, and the metaverse can be very confusing at first. Getting started early with metaverse investing gives a lot of growth potential. Just make sure you do your own research first so that you always know what you’re investing in.
For more tech articles check out some of our other blog posts.
