Putting money into the metaverse is a good idea. Also, the metaverse is still a very new trend. Don’t forget that Facebook only changed its name to Meta Platforms in October 2021, which got people interested in trading stocks in the digital virtual world.
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Investors today can get in on a trend very early and stand to make a lot of money from it.
Here are four ways to invest this week in Metaverse:
Buy the cryptocurrency Metaverse
“Metaverse cryptos” are digital assets that stand in for Metaverse projects. These projects could be building their own virtual worlds or making it easier for others to do so. MANA (Decentraland), AXS (Axie Infinity), SAND (Sandbox), and ENJ are all types of virtual world crypto (Enjin Coin).
Putting money into NFTs
Non-fungible tokens stand in for the unique things on the blockchain. Among the many things in the virtual world that are tokenized as NFTs are land and the things your avatar uses.
In the Axie Infinity Metaverse, for example, in-game items are tokenized and used as NFTs along with land and Axies. Metaverse tokens that can’t be used for anything else can be bought and sold later if their value goes up. Several things, like how useful they are, can change the value of these NFTs.
Buy a property in the Metaverse
Buying land in the real world can be just as profitable as buying land in the virtual world. The biggest problem with buying land in the Metaverse is that you need a lot of money. This is also helpful because only a small number of people can own land in the virtual world.
Investing in Virtual World through an ETF
An exchange-traded fund, or ETF, is a group of assets that trade on the stock market like stocks. Through ETFs, investors can buy stocks in a wide range of companies that are directly or indirectly connected to the metaverse.
For example, The Roundhill Ball Metaverse ETF gives investors access to companies like Nvidia, games, and gaming engines like Roblox and Tencent, to name a few, that build the infrastructure for the virtual world.
Source: Google Trend