How to Buy Metaverse Stock

Before the internet became a reality, the world’s most innovative minds described the concept in vague terms like “an interconnectedness of computing power that will bring new methods of living, working, and communicating.” The specific applications of the technology were pure speculation. 

Some predictions about the capabilities of internet-based technology were spot-on, while others never came to pass – and, as things turned out, a majority of internet applications that now see daily use were so far outside of pre-internet reality that they couldn’t be imagined at all. 

A virtual world that continues to exist when gamers turn off their machines? Augmented reality incorporated into virtual conversations? Both are commonplace today, but when the internet was created, neither concept was widely considered to be a reasonable possibility. 

Today, the metaverse is at a similar point in its evolution, and many investors are convinced that the time to buy metaverse stock is now. However, that’s easier said than done. After all, what is the metaverse, exactly? Besides, which companies are most likely to be leaders in growing the metaverse? 

What Is The Metaverse? 

The current state of the metaverse is reminiscent of those early internet days. There are lots of ideas about what it might do or be, but no one can say with any certainty what it will be. Some expect that the metaverse will make it possible for a personal avatar to exist across multiple platforms. Others are promoting a metaverse in which the purchase of digital objects works the same way retailers sell merchandise in the physical world. 

Most metaverse innovators agree that at its core, the metaverse will do one thing well: it will offer real-time virtual reality complete with interactive, immersive 3D environments that can be scaled to allow synchronous participation by an unlimited number of users. 

The metaverse will probably grow and evolve until its capabilities are far beyond anything today’s metaverse companies envision. In the meantime, one thing is certain: the metaverse – whatever it is – is expanding, and smart investors are getting on board now. So, the real question is, how to buy metaverse stock? 

Investment Potential of Metaverse Stocks 

Buying metaverse stock sounds like a simple plan, but executing on that plan is a bit more complex. There is no single company that owns or controls the metaverse, and any number of organizations are likely to make critical contributions to metaverse technology. 

The key is to choose from high-potential stocks that have a stake in the future of the metaverse. Some of the names that come up frequently include these major players in the tech world: 

Nvidia

Best known for its market-leading graphics chips, Nvidia is well-positioned to make its mark in the metaverse – which it labels the omniverse. The company already knows how to produce ultra-realistic graphics, and it also offers advanced central processing units and state-of-the-art data processing units in its existing product line. 

More importantly, from a metaverse perspective, Nvidia (NVDA) has developed a scalable software platform that allows engineers and other creators to work together virtually as they create 3D simulations of physical objects. 

Meta Platforms

Meta Platforms (FB), the company formerly known as Facebook, is putting all of its energy into the metaverse. The strategy starts with Oculus, Meta’s virtual reality brand, which CEO Mark Zuckerberg says is the foundation from which Meta will bring its vision of the metaverse to life. 

So far, the strategy appears to be on track. Oculus equipment was a big seller during the 2021 holiday season, and the Oculus app was downloaded 1.3 million times from December 21, 2021, through December 27, 2021. That figure represents 10 percent of the app’s 13 million total downloads, suggesting a sharp rise in demand.  

Matterport

Long before the term metaverse was coined, Matterport (MTTR) was taking real-world spaces into the cloud. The company’s core technology is based on 3D photography, allowing users to capture images of rooms and buildings, then upload them to create digital versions. 

The existing technology has a wide variety of applications, from construction and engineering to hospitality. It is easily transferable to metaverse applications, which puts Matterport in the right place at the right time with the right product to be a top metaverse stock. 

Other Top Metaverse Stocks 

These three companies are leading the way in metaverse technology, but there are plenty of others that are testing the metaverse waters. For example, Unity Software’s 3D animation tools are already popular among video game developers, architects, and engineers. Better still, Unity has now acquired Weta Digital, which expands Unity’s offerings in 3D creation, simulation, and rendering. 

There are also opportunities to buy metaverse stock in the world of online dating, as Match Group is testing a metaverse platform it is calling Singletown.

Meanwhile, all of the gaming companies are hard at work on their own metaverse entries, including:

• Roblox (RBLX),
• Electronic Arts (EA),
• Microsoft (MSFT),
• Tencent (TCTZF),
• Activision Blizzard (ATVI),
• NetEase (NTES), and
• Take-Two (TTWO).

All in all, market experts believe the metaverse market could be worth nearly $800 billion by 2024, and beyond that, it’s anyone’s guess.  

The bottom line is that a long list of companies are exploring options to be a part of the metaverse, and if they are otherwise sound, they could be strong choices for your portfolio. 

Do Metaverse Stocks Fit Into Your Portfolio? 

Metaverse stocks show a lot of promise, and most analysts believe that this is where the next wave of technology growth will occur.

However, that potential doesn’t mean it’s time to throw out the basic rules of investing. If you are already heavily invested in tech stocks, consider trading in a portion of your current assets for new metaverse stocks.

Diversification is critical to meeting your long-term financial goals, no matter how attractive the metaverse appears. 

One of the best ways to ensure you aren’t overly exposed to metaverse technology is to choose metaverse stocks that are healthy and growing with or without immersive, interactive 3D worlds. For example, Nvidia is a leader in the GPU space, and competitors pose no real threat at this time.

Along the same lines, Matterport 3D digital imaging technology plays an important role in multiple industries – it won’t rely on the metaverse for growth. 

How To Buy Metaverse Stock

Once you have chosen the metaverse stocks that fit into your portfolio and you are ready to buy, the rest is simple. Create or log into your existing online brokerage account and search by company name or ticker symbol. 

Most brokerage platforms have a “trade” or “buy” button that takes you to a screen with a trading form. Choose the number of shares and the order type – “market” if you are willing to pay the market price at the time of the trade or “limit” if you don’t want to go over a specific purchase price. 

Once you complete the trading form and receive a confirmation, your new shares will be added to your portfolio as soon as the trade can be executed. 

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