Michael Abetz
The metaverse as an idea should endure despite the 2022 dip in the financial markets – we review one of the ways to invest in the metaverse.
Stocks, commodities and crypto platform eToro.com offers a custom metaverse investment portfolio called ‘Metaverse Life’ that picks metaverse stocks and metaverse crypto coins, adjusting their weighting in the metaverse portfolio over time.
It is currently in the red however recent sell offs in the stock markets are more related to fears over inflation, a possible recession, and some black swan events like Facebook stocks crashing as a reaction to one earnings report, and the Terra Luna crypto crash.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
Why Invest in the Metaverse?
The metaverse concept of a ‘virtual universe’ for business and leisure – whether it be a virtual boardroom to conduct meetings internationally, a virtual real estate tour during a pandemic, or an entire virtual world made with NFTs for gaming – probably isn’t going anywhere in the long term.
Facebook, which changed their name to Meta and announced the metaverse in Q4 2021, have said they they expect their plan to invest in the metaverse to ‘grow even further for each of the next several years’. That was a quote from CEO Mark Zuckerberg in the Wall Street Journal.
The current dip in the stock market and crypto could therefore make it a good time to pick out metaverse companies to invest in, at a low price point.
How do I Invest in Metaverse Projects?
In terms of where to invest in metaverse projects, eToro is beginner friendly and accessible as it doesn’t require a large amount of capital. Its minimum deposit is $10 in the US and UK, and slightly more in other countries. It is regulated by the FCA with 27 million users.
Its copy trading and copy portfolio features then provide a number of ways to invest in the metaverse. You could use its Metaverse Life ‘Smart Portfolio’ or copytrade an individual trader that invests in metaverse crypto projects.
Currently the platform’s Metaverse Life portfolio is weighted around 87% stocks covering a diversified range of metaverse companies, including Facebook stocks, Roblox stocks (an American gaming developer that built a metaverse project) and ten others.
Then 13% metaverse crypto, including Decentraland, Enjin, and The Sandbox (some investors also buy land in the Sandbox metaverse).
eToro has also listed ApeCoin a metaverse crypto that acts as a governance token in the Otherside metaverse by Yuga Labs, the makers of the Bored Ape Yacht Club NFT collection.
Buying NFTs is another way to invest in the metaverse, for example NFTs are in-game characters in that Bored Ape metaverse, and Sandbox or Decentraland land plots are represented by NFTs.
Recently the Otherdeed for Otherside NFT collection became the fourth largest NFT collection by market cap shortly after its public mint. Those NFTs are a way to invest in metaverse real estate.
Metaverse Articles
Cryptoassets are a highly volatile unregulated investment product.
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This article was written for Business 2 Community by Michael Abetz.
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