Top Metaverse Stocks To Look For in Nigeria

Whats a metaverse stock?

Though the term “metaverse” doesn’t have one specific definition, it often refers to a complex web of virtual worlds and platforms. The blockchain is important to the metaverse, as it powers things such as NFT marketplaces and cryptocurrencies.

Top metaverse stocks to look for in nigeria Nigeriantech.com.ng

Does the metaverse have stocks?

The metaverse is a rapidly evolving industry projected to be worth over $800 billion in the future. Moreover, the best metaverse stocks have distinguished themselves as primary among the hottest financial trends and one of the most talked about investment options on Wall Street.

Is it good to invest in metaverse?

Due to the active involvement of such prominent players, the metaverse seems to have unlimited growth potential. The market was worth $478.7 million in 2020, and experts expect it to grow to $800 billion in just four more years. The industry has received a $10 billion investment just from Facebook.

Which company is leading in metaverse?

NVIDIA is currently developing its Omniverse tool that supports developers in building their applications; it’s a development platform for 3D simulations and design. They’re also planning on developing applications to allow you to create realistic avatars for the Metaverse.

One of the hottest investment themes in the stock market lately has to be the metaverse stocks. For many years, the virtual reality space has long been part of sci-fi novels and movies. And thanks to advancements in virtual reality (VR) technology and computing power, that fiction is slowly becoming reality.

With the development of three-dimensional and augmented reality, as well as enhanced 5G connectivity, the metaverse will shape different aspects of our lives, transform many industries and create new businesses. Therefore, several companies have been working toward building this technology, pushing the envelope on virtual reality.

Given this backdrop, we believe that companies with the potential to develop metaverse stocks could be solid bets to cash in on the emergence of this revolutionary technology.

Below, we highlight some metaverse  stocks that could be big winners in this next wave of technology. Lets check them out.

Roblox

Roblox is an online entertainment platform that may be the closest thing to existing social metaverse stocks today. In essence, the company is powered by a global community of millions of developers who produce their own immersive multiplayer experiences using Roblox Studio,

It’s an intuitive desktop design tool. It also continues to rank as one of the top online entertainment platforms for audiences under the age of 18 and is purely driven by its community of users and developers.

The company recently announced that it will have its Investor Day back then in 2021 on November 16, so there was certainly much to look forward to.

Microsoft Corp. (MSFT)

Microsoft is pushing to be the early leader in the professional metaverse. In an October interview with Harvard Business Review, Microsoft CEO Satya Nadella discussed the metaverse concept. “I think that this entire idea of the metaverse is fundamentally this: Increasingly, as we embed computing in the real world, you can even embed the real world in computing,” Nadella said.

The metaverse could completely revolutionize the way professionals meet, collaborate and interact online using avatars or even holograms, Nadella adds. Microsoft’s HoloLens, which are mixed reality smart glasses, and Xbox gaming consoles may also play important roles in the metaverse user interface.

Meta (MVRS)

Facebook announced it will officially change its corporate name to Meta and its stock ticker to MVRS on Dec. 1. CEO Mark Zuckerberg said the metaverse is like a version of the internet that users enter rather than just view.

“Today we are seen as a social media company, but in our DNA we are a company that builds technology to connect people, and the metaverse is the next frontier just like social networking was when we got started,” Zuckerberg said during a media event.

Facebook’s Oculus and Horizon virtual reality subsidiaries will likely play a large role in its metaverse push.

Fastly

Cloud computing and decentralization have created a slight problem: latency, or data lag. Users experience this all the time, clicking a link on their internet browser and waiting for the next page to download or process to happen.

That’s where edge computing and technology company Fastly comes into place.

FSLY operates an edge computing infrastructure-as-a-service (IaaS) platform that brings servers and other equipment to the source of data creation. Fastly’s platform can move 145 terabytes worth of data per second across 28 countries. Basically, it helps reduce the lag time and latency of decentralization.

Companies seem to like the firm’s offerings. Revenue growth at Fastly has been swift since its launch about a decade ago, with revenues growing 14% year-over-year in the last quarter.

Unity Software

Unity Software owns one of the two main 3D video game engines, which allows designers to customize how video game players move and interact within their games. Overall, virtually all the best games in the global video game market rely heavily on Unity’s tech. In turn, this could make U stock a go-to for investors looking to bet on the gamification of the metaverse.

As of last week, Unity signed a partnership with Tripolygon, a 3D modeling service focusing on metaverse applications.

Wrapping Up

We’re at an exciting point on the metaverse S-curve. We have a name for it, companies are building it, but the realized version of it is yet to exist. We expect the dawn of the whole metaverse stocks to have exponentially greater impacts than the dawn of the internet.

How do I invest in metaverse?

If you’re purchasing NFTs in the metaverse, you’ll need to login to the metaverse through the platform or world of your choice, connect your cryptocurrency wallet and make your purchase. You can buy crypto for your metaverse transactions on any one of the top cryptocurrency exchanges.

What brands are doing in metaverse?

Adidas Originals created an NFT campaign, “Into the Metaverse”, in which the famous sports brand partnered with three of the most renowned NFT brands – Bored Ape Yacht Club, PUNKS Comic and gmoney. The collaborative project launched in December 2021, when a limited amount of 30,000 NFTs were sold.

Chinedu Okeke

Chinedu is the founder of Nigerian Tech. He is a tech enthusiast who has the passion for emerging trends in the tech industry. He is also a professional web content developer.

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