Famed science fiction writer Neil Stevenson coined the term “metaverse” in his bestselling book and the first popular novel in 1992, Snow Catastrophe. Now this concept has become a reality, and what’s more, you can invest in meta-verses. In Ready Player One, OASIS is another example of advanced virtual reality. Many other science fiction writers, such as Ian M. Banks, have created and used similar concepts in their novels.

Back in September, Facebook CEO Mark Zuckerberg was clearly interested in developing the metaverse. In a recent earnings interview, Facebook made it clear that they want to bring communities, authors, and e-commerce together in a meta-verse with Zuckerberg, who said:

“Our common goal through all of these initiatives is to help give life true meaning.”
And just last week, Facebook renamed it Meta and announced plans to develop the Metaverse.

How big can metavers be?
There are already many big names making serious money in this area, like Roblox and Fortnite. These are entire worlds of virtual reality, where users exist through avatars. Lesser known examples of virtual reality include Decentraland, Upland and Sandbox, as well as Victoria VR, another platform that will launch soon.

In terms of investment, we can confidently say that this explosion of virtual reality and metavisces is comparable to the internet boom of the late 1990s. What we are seeing now is the next phase of the creation of the Internet, where metavers are likely to redefine the web and replace it as it is today.

RELATED: New Industry, New Rules: Create a metaweed without bias.

Some companies in the field, such as Fortnite, can already sustain growth until they are comfortable with Facebook, Google, Amazon and other tech giants. Epic Games, the creators of Fortnite, recently raised $ 1 billion and Sony poured $ 200 million into this funding round. Facebook is investing a lot of resources and money into a new workplace and the first virtual reality platform known as Horizon.

Brands are also focusing on virtual reality. Some brands already sell directly to avatars (D2A), or Gucci sells a virtual bag that costs more than the real one. Nike Jordan sells virtual machines at Fortnite, and Coca-Cola began selling virtual wearables at Decentraland.

Bloomberg has estimated the metaverse market at $ 800 billion. While this is just an emerging phase, knowledgeable crypto investors can contribute to the growth of metavers and trading tokens for fast-growing startups.

Consequently, many knowledgeable investors are betting that this boom in virtual reality will continue to accelerate. On that day – perhaps in the next five years – the virtual reality platform will compete with mainstream social media.

How can you invest in metavers?
Cryptocurrencies are already part of these virtual realities, and many platforms are accepting cryptocurrency as an option to pay for virtual goods, including virtual reality-based real estate. Players at Decentraland and The Sandbox can create virtual businesses like casinos and amusement parks and then make money from them.

Some hard work has already been done when it comes to cryptocurrency investors taking advantage of this trend. Matthew Paul, futurist and founder of Roundhill Investments, along with Jacob Navok, CEO of Genvid Technologies, recently registered the Metaverse ETF.

Related Topics: Metaverse: Will It Be A Decentralized Sanctuary Or A Centralized Despot?

The Metaverse ETF is an Exchange Traded Fund (ETF) that works in the same way as the stock market, with the exception of cryptocurrency investments in Metaverse. It is a group investment in a group of companies known as an index that gives investors access to a wide segment of the metaverse market.

The average market value of the Metaverse ETF is currently $ 74 billion and investments are spread across 41 real estate companies in eight countries. This includes investments in infrastructure companies such as Cloudflare and Nvidia, game engines including Unity and Roblox, and metaverse content pioneers from Tencent, Sea and Snap.

Since this index is listed on the New York Stock Exchange (NYSE), it only includes public companies, not private companies. This means that cryptocurrencies and other investors need to look elsewhere to get a little closer to action if you want to invest early.

Source: CoinTelegraph