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Metaverse is currently one of the most searched words on google. Although the term has been there for a while now a lot of people didn’t pay attention to it until recently. Facebook now Meta CEO Mark Zuckerberg announced in August that the company is rebranding with its main focus now on building a metaverse.
Some other metaverse projects have been underground for a while now and some people have already started investing in them. if you want to understand the Metaverse better click HERE. The metaverse is the next big thing and early investors can make millions if not billions in profits from the project.
The metaverse holds a lot of potentials both positive and negative potentials. At the same time, it can also be the key to unlocking riches and setting early adopters financially free. as we gradually begin transitioning to Web 3.0, the metaverse is more like the infrastructure that will be used to move on from Web 3.0. All this might sound confusing but, in another article, we will talk about Web 3.0.
Today our main focus is to talk about how to invest in the metaverse. At the moment we already have games like Roblox and Fortnite that give us a close look into what the metaverse will look like. Out of curiosity, I was thinking about how I can be a part of what will happen in the next 10 years if I invest in some metaverse projects. I missed the crypto boom of the early 2000s wouldn’t miss this opportunity because success is glaring.
According to a survey by Bloomberg Intelligence they estimated that the metaverse market size will reach $800 billion by 2024. The metaverse is very much still early but there are opportunities to either invest either directly or indirectly in the potentials of the metaverse
Enough of the chit chats let's dive into what brought us here.
One of the easiest and safe ways to invest in the metaverse is by buying stocks from companies involved in metaverse projects. These are stocks are shares in publicly traded companies that are building metaverse projects. Facebook is not the only company presently building a metaverse we have Nvidia, Microsoft, Roblox, Amazon, Disney, and Unity Software.
Facebook is presently leading the race because they have their virtual glasses in the Oculus VR headsets. We also saw them partner with Ray-Ban to release an AR (Augmented Reality) related sunglass. Buying publicly traded shares of the companies involved in building a metaverse can multiply in some years to come.
Another quick way to jump into the metaverse is by buying and owning some metaverse tokens. We have tokens like Axie Infinity, The Sandbox, and Decentraland, and others. These are tokens that are based off on some metaverse-like games. The tokens are used to buy certain in-game items and some of them have an overall volume that can be available. Before the industry blows up it will be a wise decision to take a look at some of these coins and bag them as much as you can.
Decentraland for example is the largest virtual world and users can buy land, play games, interact with one another. Some of the coins including Facebook Novi that will soon be launched will be used to buy items in the metaverse early holders can profit from them. this is because they are utility tokens and they will always be in demand.
There is going to be a type of virtual land that can be used to build a house for your avatar and even other business places in the metaverse. Properties like in-game items can also be bought too, at the moment there are blockchain games where players can get hold of one in-game item. There are also reports that a crypto gamer sold one of such items on a popular marketplace for over $20,000 this year. Imagine the value of such an item in a few years to come.
If you are quick to join the metaverse quickly then you can buy some of these lands and properties including wearables.
Non-fungible tokens (NFTs) will play a huge role in the development and adoption of the metaverse. This is because people will be able to move their virtual assets across different metaverses easily and seamlessly. NFTs are digital assets that come in different forms including art and game collectibles.
Owning some potential NFTs that would be needed in the NFTs at an early stage can end up being a wise investment. You stand a chance to make real money by investing in some of the NFTs.
The concept is relatively new and there are a lot of opportunities to make money that will come out of the metaverse. For now, these are some of the methods that I think can be used by investors to make money when the metaverse is launched. There are a lot of investment opportunities that will come as time goes by but early investors are mostly those that profit more. At the moment I am currently looking at some metaverse tokens and that is where I want to start my investment journey. if you have any investment suggestions that I missed feel free to share them in the comment section with others. we want to know and take advantage of investing early
Disclaimer: this is not financial advice make sure you carry out some research before using any of the investment methods listed above. I also advise you not to invest all of your life savings into any of the metaverse projects above.