Metaverse Investing: The best metaverse investing right now

Anyone can invest in Metaverse directly or indirectly. There are 3 direct ways for investing in the Metaverse; Anyone can buy metaverse tokens like SAND or MANA. Or also can buy in-game non-fungible tokens. The 3rd way is to purchase virtual land in the Metaverse. Finally, anyone can invest indirectly in metaverse-associated stocks like Apple or Facebook. In this post, we disclose a detailed guide to help you invest in the Metaverse.

This year, millions of dollars worth of real estate deals have put the word ‘metaverse’ on our mother tongue. Metaverse is a virtual world that individuals can explore using their avatars. So, it allows visitors to interact virtually and experience various activities in real-time. As a result, experts believe that Metaverse now offers a unique opportunity for revenue of 1 trillion.

How to invest in the Metaverse?

There are 3 easy ways in which you can invest in Metaverse:

1. Purchase metaverse tokens
2. Purchase virtual land in Metaverse (also can sell as NFTs)
3. Buy in-game non-fungible tokens (NFTs)

Let’s dip into how you can invest in Metaverse with just 2 super easy steps:

Step – 1: Create a crypto wallet 

Like physical commodities, every purchase requires a wallet full of money. So you need to create a crypto wallet and load it with cryptocurrency for investments in Metaverse.

For purchase of metaverse tokens: Currently, WazirX, CoinDCX, and CoinSwitch Kuber are the most popular choices in India.

For NFT purchases: The MetaMask is the most famous crypto wallet globally. Coinbase and Binance are also good options. However, most NFTs are Ethereum-based, so purchasing the ether cryptocurrency with your traditional currency is best.

You will need to prove your identity to validate your wallet by knowing your customer’s formalities.

Step – 2: Open an account on the platform of your choice

Purchase metaverse tokens: The most comfortable way to get your purchase tokens is to hold crypto exchanges like WazirX or CoinDCX, or you also can use your wallet to purchase tokens directly. One of the most sought-after metaverse tokens is MANA, the original currency of decentralized Metaverse; SAND, the sandbox metaverse; and AXS, the original currency of the Axie, is Infinity metaverse.

Buy in-game NFTs/own virtual land: You need to open an account with the game you wish to purchase and connect your crypto wallet with that account. For example, log into Decentraland for virtual real estate, Axie Infinity for characters and land plots, Sandbox to buy or sell artistic creations, etc.

You can also open an account with OpenSea to access all the NFTs in one shared marketplace for convenience.

Step 3: Select the NFT you want to purchase and make a payment

If you browse any overhead platforms, you will find that NFTs do not have a pre-determined selling price. To acquire ownership of NFT, one must bid for it and beat all other bidders. Payment for NFT is quickly processed through the wallet you created and filled with cryptocurrency in step 1.

It would help if you remembered the upsides and downsides of buying from a primary and secondary marketplace. An NFT on the marketplace will inevitably have the highest resale value. However, it is harder to estimate true value in the primary marketplace because you can compare the price of one NFT against others on the secondary marketplace, which displays all NFTs on one familiar platform.

Investing in Metaverse indirectly

You can invest in the Metaverse through these indirect ways:

Buy metaverse-associated stocks: Stocks of organizations actively involved in developing the metaverse-associated stocks. For example, the organizations could be engaged in virtual reality goggles production, networking technologies, 3D rendering applications, etc. The most popular stock choices include Apple, Facebook, Roblox, Unity, and NVIDIA. These stocks can be purchased via brokerages or metaverse exchange-traded funds (ETFs).

Invest in Metaverse Index (MVI): Just like stock market indices capture the trends of the top-performing companies of the nation, the Metaverse Index captures the trends of entertainment, business, and gaming advancing in the virtual universe. It is currently trading at $ 225.86.

The MVI reduces the risk of purchasing metaverse tokens, significantly diminishing the volatility. In addition, the MVI encompasses the trends of all the top-performing metaverse tokens in presence.

The Metaverse is continuously developing, and many developments are still in the pipeline. We are catching a massive transition from the physical world to the virtual world. While the potential is expansive, it is advisable to thoroughly research before making any significant investments.

Frequently Asked Question