If you’ve heard about metaverse, the virtual world that has engrossed a large section of people that may not even be involved in cryptocurrencies, you probably know that it has become one of the most popular investment vehicles around.
Metaverses are the trend because it encapsulates gaming, cryptocurrency, gambling and NFTs. It is possible for a gamer to concurrently access these four niches while involved in the metaverse. Metaverse projects have grown in popularity and are valued more than $1 trillion according to Grayscale. What this implies is that there is a lot of money to be made for investors in this space.
Accordingly, what we are seeing in metaverse projects is that players are able to access in-game collectibles in the form of non-fungible tokens. The market for these tokens are valued at $7 billion. This is despite the fact that the industry is novel and may be facing some challenges.
In a nutshell, the metaverse is a real estate virtual world that has been incentivized by the blockchain technology, making it possible for gamers to own a part of the virtual real estate. The value of these tokens stem from the fact that they are unique collectibles like works of art that have been signed on the blockchain.
This means that the owner of the collectible has license and ownership of unique works of art which may be a virtual representation of a real work of art. What this implies is that the collectible has a unique identifier and a unique source and owner. This is the reason why they have become quite valuable in the market.
How To Invest In the Metaverse
Hundreds of metaverse projects have been launched . According to Coinmarketcap, the NFT market has a capitalization of $17,802,646.38. This takes cognizance of the fact that some of these NFTs are collectibles that are not associated with metaverses. So it is worthy to note that a metaverse comprises in-game collectibles that are NFTs, even though NFTs may exist independent of metaverses.
A Word About Metaverse Tokens
Most metaverses run on internal tokens that fuel their ecosystems. The value of the token is dependent on their use cases within the metaverse and the popularity of the metaverse. Investing in popular and growing metaverse projects is the best strategy in your quest to invest in the metaverse.
In other words, there are two paths to investing in a metaverse. The first is through in-game collectibles while the second is by investing in the token of the metaverse ecosystem.
In-Game NFT Collectibles
There are several established metaverse platforms that you could sign up for and invest in virtual real estate such as land, houses and more. The more popular platforms that you can explore are:
- Axie Infinity
- The Sandbox
- Enjin Coin
All these metaverse projects give the player the opportunity to own a part of the virtual estate that is part of the gaming metaverse.
The tokens of metaverse projects can be valuable. This is because the metaverse is attracting a lot of investors. In fact, NFTs which are an integral part of metaverse projects have been described as the future of arts. There are several Metaverse tokens that you should explore as investment vehicles. We can see the rise in the value of these tokens in the past 7days. Investors can benefit especially by trading them.
- Illuvium ILV up 44.42%
- YooShi YOOSHI, 14.77%
- Mines of Dalarnia DAR, 29.70%
- Alien Worlds TLM, 58.52%
- Insure De-Fi SURE, 85.02%
- Vulcan Forged PYR, 43.23%
- The Sandbox SAND, up 63.31%
As we can see, the metaverse is exploding. If this is going to be a long-term trend is left to be seen. What is obvious is that with corporate players such as Facebook rebranding to Meta in their quest to take advantage of the expanding metaverse space, we can be certain that it holds potential for everyday retail investors.
Thinking of investing in the metaverse? Here is the platform that has listed all the metaverse projects that matter.