Finally, the metaverse is going to have its own economy, as discussed in previous chapters. Much like how video games are run by their own currencies and economies, the metaverse will likely be connected to cryptocurrency once it is fully up and running. However, for those who want to invest in this growing technology while there's still time to do so and the Metaverse is still in its infancy. You have some options.
From investing into cryptocurrency itself to making sure that you are able to buy your share of the metaverse, here are some of the best ways to ensure that you can invest in the Metaverse.
There’s a lot of speculation of what companies will invest in the metaverse and what companies will try to get a shareholder’s position in the metaverse. However, here are some good thoughts for places for you to invest your stock.
For example, the company NIKE already has a Nikeland in the video game ROBLOX, where players can purchase and adorn their avatars with Nike brand shoes, shirts, hats, and other gear. Additionally NIKE is focusing on making sure they are one of the biggest names selling virtual sneakers in the metaverse, so buying stock in them is a good option.
Tech companies are perfect places to invest in and purchase stock for in the Metaverse. Along with technology being a large part of what is sold within the Metaverse, they will also be needed for outside the metaverse as well. The Next-Gen technology that will make sure the metaverse is going to be updated and accessible.
This also says nothing of the cloud which is going to be the thing that is going to provide the computing power for the Metaverse. Companies like Amazon, Microsoft, and other web cloud based companies are going to be very lucrative if people want to buy stocks in their work in the Metaverse.
With the massive focus on NFTs (Non-Fungible Tokens), it’s all but common knowledge that they will be a part of the economy of the Metaverse. NFT markets and the blockchain that they are part of are going to be the backbone of what the Metaverse turns into. The tokens are digital assets that are able to show off ownership and can easily be transformed into your avatars.
Since NFTs are able to go anywhere and can be used for a great many things, NFT’s are the perfect way to move assets around the various worlds and devices that will encompass the metaverse. Plus, they focus on ownership. Unlike in a video game where you buy an asset and it remains in the game and can’t be taken away, with NFT’s you own it.
You can buy a hat from an in video game store and then place that hat on your Avatar in your Instagram feed. You might even be able to buy and own your own piece of the Metaverse as well, kinda like how you can buy player homes in video games that belong to your character. Since NFT’s look like the backbone of the metaverse, making an investment in the token could be very lucrative down the line.
Speaking of owning land in the metaverse, there is already a virtual real estate boom in the four predetermined lands that will exist in the Metaverse. These lands are: Decentraland (an area for governments to interact), The Sandbox (A world for virtual video game development), Crypto Voxels (a virtual world), and Somnium Space (another customizable virtual world).
All of these places are like large plots of land where you can do whatever you want. Think about the video game Minecraft at the start. All you have are some basic tools and an empty world where you can do whatever you want. Well, these virtual real estate plots are like plots of land where consumers and companies can build whatever they would like.
The idea of investing into virtual estates, especially this early in the metaverse, can be either a risk or an opportunity. That does depend on what you think though, and it might be a good investment to consider. After all, it might pay off very handsomely in the long run.