.png){kind=logo}
- Insights
- Cryptocurrencies
- Stocks
- White Papers
- Industry
- Geography
- Insights
- Cryptocurrencies
- Stocks
- White Papers
- Industry
- Geography
Global spending in the Metaverse could reach US$5 trillion by 2030, according to a new report from international consulting firm McKinsey & Company. This makes sense when you consider Facebook's shift into the metaverse and its US$10 billion investment in its growth. If you are looking to make a similarly smart investment, claiming your share of the metaverse is an excellent choice. Due to the possible applications of smart contracts and non-fungible tokens (NFTs), the metaverse is closely linked with the blockchain and cryptocurrencies when we talk about it today. NFTs allow people to securely buy goods and exchange them between different parts of the metaverse.
Published yesterday, the 77-page report titled "Value Creation in the Metaverse" analyzed current adoption trends and drew additional insight from two global surveys; one gathered data from 3,104 consumers across 11 countries, while the other polled a range of executives from 448 companies across 15 industries in 10 different countries.
McKinsey used this data to predict that the future of consumer behavior in the metaverse will most likely be divided into five primary activities: gaming, socializing, fitness, commerce, and remote learning. McKinsey found that nearly 60% of all consumers surveyed prefer at least one activity in the virtual world compared to its physical alternative, and 79% of consumers that are currently active in the metaverse have already made a purchase.
The metaverse represents new earning opportunities for companies in a range of industries. There is a range of other opportunities available to unlock with the metaverse too. The blockchain and crypto-based economy lay the foundation of the metaverse and provide a new landscape for trading different kinds of value.
Already artists and fashion companies are leveraging the blockchain ecosystem at the heart of the metaverse to experiment with concepts like NFTs (or Non-Fungible tokens). Once the metaverse is fully executed, there will also be a host of new opportunities available to help companies interact with their customers through everything from digital events to virtual advertising.
A metaverse Exchange Traded Fund (ETF) is an emerging investment instrument that allows you to purchase a collection of stocks that are dynamically traded by a dedicated fund manager. ETFs are similar to mutual funds in that they curate a set of similar or thematically organized stocks into a single asset that provides relatively predictable returns. However, they differ as there is a dedicated fund manager who actively trades using the ETF and makes sure to maintain its optimal market value.
Several metaverse ETFs have emerged in the last 12 months, including Roundhill Ball Metaverse ETF, Subversive Metaverse ETF, and ProShares Metaverse Theme ETF. However, the difficulty is high as most ETFs have a minimum investment threshold of up to US$1,000 and it is advisable to have prior experience in the stock market.
Any discussion of metaverse stocks has to start here. Founder Zuckerberg changed the name of Facebook to Meta Platforms, after all, because he is so convinced that the metaverse will be the next chapter in his firm's evolution. The market is highly skeptical of this, to put it mildly: FB stock is down about 46% year to date through May 24.
CrowdStrike Holdings is a well-known Metaverse stock for its cloud-based security software. It is suitable for the data security implementation of Metaverse to make this Metaverse company run the digital world. It offers endpoint security to protect an entity from potential data breaches with zero-trust protection for devices that are important for Metaverse technology.
Adobe Inc. is one of the well-known Metaverse tech stocks that is determined to invest in Metaverse technology to reap the benefits of the digital world. This Metaverse company is focused on collaboration with Metaverse for enhancing growth efficiently. Adobe will expand its range of products to the emerging areas like creating 3D objects and making sure new videos are authentic in the Metaverse.
Immersion Corp. is gaining popularity as a Metaverse stock for its touch feedback technology or known as haptic technology. The main goal of this Metaverse company is to allow users to touch everywhere in the digital world. It is determined to use five senses in the Metaverse technology.
Microsoft Corporation is known as a popular Metaverse tech stock for being the first-ever tech conglomerate to think of creating Metaverses to yield sufficient profit from cutting-edge technologies. This Metaverse company consists of multiple tools and platforms for mixed reality, professional services, and gaming that are suitable and safe to use in Metaverse.
