Top Metaverse Stocks to Invest Now

The Metaverse is a virtual space established by the fusion of virtually enhanced physical and digital reality. The Metaverse has numerous tenders, such as military, gaming, healthcare, real estate, education, etc.

It is a virtual economy that operates independently and is supported by nonfungible tokens (NFTs) and digital money.

The involvement of prominent stakeholders, including several dominant companies from various industries, has resulted in a rapid growth pattern in the Metaverse. Apple, Nvidia, Disney, and Netflix are among the other major players entering the field.

Because of the active participation of such prominent players, the Metaverse appears to have limitless growth potential. The metaverse market size in 2022 was worth USD 47.48 billion, and by 2030 it will reach USD 678.80 billion at a 39.44% CAGR. Just from Facebook, the sector has received an investment of $10 billion. The market is anticipated to expand by 13.1% annually.

• The involvement of prominent stakeholders, including several dominant companies from various industries, has resulted in a rapid growth pattern in the Metaverse.
• Facebook alone has invested $10 billion in Metaverse.
• Below are the top companies that should be considered to buy to get benefit from the growing industry.

Top companies investing in Metaverse

Meta (Facebook)

Facebook changed the company’s name to meta, outlined a future internet vision in which users could connect virtually through avatars, and contributed to the boom in investments in the Metaverse. Mark Zuckerberg is solely focused on metaverse content creation, but the project will take a decade or more to complete, likely necessitating improvements to the Oculus Quest 2, also known as Meta Quest 2, as Facebook purchased Oculus and renamed it. CEO of Meta recently revealed that they are launching a virtual store for Meta Avatars in which users can now purchase a variety of accessories and show them off to their virtual friends. It also introduced Meta Pay, a payments network that will subsidize the Metaverse’s payments network.

Meta’s revenue in 2021 was over 117 billion US dollars, an increase of more than 31 billion US dollars over the previous year. Over the last decade, the company’s total revenue has increased by more than 114 billion US dollars.

Microsoft 

Microsoft is the world’s largest supplier of computer software. It also provides video games, computer, and gaming hardware, cloud computing services, search, and other online services. Microsoft is among the leading companies in metaverse technology. Microsoft has launched Mesh for Microsoft Teams. mesh is a platform that will enable Teams and people in different locations to join virtual meetings, collaborate on shared documents, send chats, and more. Mesh enhances Team features such as together mode and Presenter mode to make remote and hybrid meetings more immersive and collaborative. It will be available on devices such as smartphones, laptops, and mixed reality headsets.

Activision’s 390 million monthly users and existing game titles will be available to Microsoft immediately. Activision’s titles and talent will help the company compete with gaming services like Meta’s Oculus and Sony’s PlayStation.

Microsoft’s net income in 2022 was more than $ 72 billion, up 18.72% from 2021.

Roblox

Roblox is a popular online entertainment platform and video game that allows users to create their games. Roblox has been considered an early metaverse. With Roblox, one can play a game, socialize with friends, attend a concert, and go shopping. Being able to move between locations as your virtual avatar makes the experience even more interesting.

The 47 million active users on the Roblox metaverse crypto demonstrate the platform’s popularity. Roblox has achieved tremendous growth, with a remarkable base of around 9.5 million developers working on user-generated games and virtual experiences. Roblox’s goals primarily focus on creating an immersive virtual world within the existing gaming platform and technology.

Roblox Corporation’s total revenues were over 591 million US dollars in the second quarter of 2022. This increased over the previous quarter’s revenue of 537 million US dollars.

NVIDIA 

Nvidia Corporation is a technology company best well-known for its graphics processing units (GPUs). Nvidia, already a leading provider of cutting-edge chips in fields such as artificial intelligence, cryptocurrency, and gaming, will benefit from the inevitable increase in processing power required by the Metaverse.

NVIDIA announced a wide range of Metaverse initiatives to help achieve this goal at the SIGGRAPH conference in Vancouver in 2022. NVIDIA’s new Metaverse tools are designed to bridge the gap between AI and the Metaverse. NVIDIA’s current goal is to use the power of neural graphics to create realistic 3D objects and drive the Metaverse’s development. If the Metaverse is to be widely adopted, 3D creation will be critical.

NVIDIA recently announced several programs and tools, such as NeuralVDB and Kaolin Wisp, which make it simple and quick for millions of designers and creators to produce 3D content.

Nvidia’s net income increased from 4.33 billion US dollars in the company’s 2021 fiscal year to 9.75 billion US dollars in the 2022 fiscal year. The net income for 2022 is the highest ever recorded for the period under consideration.

Unity Software Inc.

The Unity platform is used to develop two-dimensional, three-dimensional, virtual reality, and augmented reality video games and simulations. Unity’s popular 3D video game engine allows developers to create the fundamental rules that govern digital worlds and has a commanding market share across mobile, PC, and console platforms.

Long-term projections are extremely optimistic, owing to the increasing adoption of AR and VR technologies, the growth of the video gaming market, and its expansion into non-gaming markets. In addition, the company has been investing in its cloud capabilities in order to transition to a recurring revenue model.

According to the company’s 2021 Gaming Report, there are 5 billion monthly downloads of Unity-built apps, and the company hopes to capture a sizable portion of the metaverse market. In an effort to introduce the next generation of developers to its well-liked technology, Unity provides free training sessions for professionals on topics like augmented reality, virtual reality, and how to create in these environments.

Unity Software’s net income for the fiscal year ending June 30, 2022, was $-0.659B, a 36.05% increase over the previous year, 2021.