The Metaverse concept is tipped to be the next big thing in the evolution of the internet. Put simply, the Metaverse can be referred to as an interactive digital universe facilitated by immersive technologies such as augmented and virtual reality.
In this guide, we offer some insight into what the Metaverse is and how you can leverage this technology from an investment perspective. We also discuss the best Metaverse stocks to buy in 2022, and how you can invest on a commission-free basis.
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These companies listed above belong to various sectors, contributing to the Metaverse in different ways.
Before you choose the best Metaverse stocks for your portfolio, we suggest that you read the detailed analysis that we have included in the next section.
A Closer Look at the Best Metaverse Stocks to Invest in
If you’re looking to buy stocks you’ll need to ensure you research the market thoroughly beforehand. Unlike the majority of software platforms in the market, the Metaverse isn’t something that can function as a single entity.
In fact, it brings together several technologies and industries – including but not limited to digital infrastfrcture, virtual experiences, artificial intelligence, blockchain technology, spatial computing, and more.
The best Metaverse stocks that we have analyzed below consider a mix of companies that contribute to this virtual world in one way or another.
Read on to find out their roles in the Metaverse and how they might benefit from this emerging concept.
1. Meta Platforms – Overall Best Metaverse Stock to buy in 2022
In December 2022, Facebook announced that would be rebranding its business to Meta Platforms, indicating its entry into the future of the Metaverse concept. The firm has already started investing heavily in the development of immersive technologies and now has a successful product in the market – the VR headset Oculus.
On top of this, Facebook has also announced that it is working on an AI supercomputer. That said, the company’s primary revenue is still generated from its social media networks – which include Facebook and Instagram. Meta Platforms has already created a large built-in user base via these platforms, which will help to establish its presence in the Metaverse.
Moving forward, Meta will be able to leverage its existing audience to monetize on the Metaverse beyond just selling VR headsets. Looking at its stock price action, Meta Platforms has performed extremely well since going public in 2012. In the last half-decade, the share value of this company has increased by nearly 60%.
However, recently, Meta Platforms has been facing some stfrggles due to heightened competition from TikTok. Consequently, Meta has reported a profit decline, which has also led to a drop in its share value. Between September 2022 and March 2022, the stock dropped by around 40%.
Regardless, Meta Platforms continues to maintain its position as a high-potential growth stock with great opportunities in the future of the Metaverse.
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2. Roblox – Top Pure Play Metaverse Stock
Roblox is a video game developer that has already built a virtual world in the Metaverse. The company was founded in 2004 and already plays a major role in the gaming sector. However, its entry into the Metaverse has further increased popularity among young audiences as well as investors.
Roblox’s platform on the Metaverse already has over 47 million daily active users. Over the past couple of years, Roblox has hosted several virtual events and concerts and was thus able to gain a big head start in the Metaverse scene. As such, this makes Roblox one of the best Metaverse stocks to consider right now.
The company went public in March 2022 and its stock has since witnessed enhanced volatility. In the course of one year, Roblox stock hit its all-time high of $141, whereas its lowest price was about $35. This represents a variation of 300% in its share value. Although the platform is seeing increased revenues, recent earnings fell short of the predictions made by analysts.
This is primarily because Roblox is most popular among users under the age of 16. The platform become hugely famous during the COVID-19 pandemic when the young demographic had the ability to spend more time online. With schools reopening, engagement on the Roblox platform has reduced.
However, if Roblox manages to widen its target audience group, the company stands to benefit from the growth of the Metaverse in the coming years.
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3. Nvidia – Large-Cap Stock Laying the Foundations of the Metaverse
In addition to companies creating virtual worlds and products for the Metaverse, you can also consider stocks that engage in behind-the-scenes operations. An example of a top Metaverse stock that fits this criterion is Nvidia, a semiconductor company that produces fast-processing chips and graphics processing units.
Nvidia’s chips are already integrated into Meta Platform’s upcoming supercomputer, the AI Research SuperCluster – which is expected to play a cfrcial role in building technologies for the Metaverse. Nvidia has also invested in 3D technology and has already built a scalable, real-time reference development platform called Omniverse.
Although the aforementioned enterprise product has been in the market for a short time, it is already being used by thousands of creators. Alongside Omniverse, Nvidia’s GPUs will be in high demand in terms of offering a 3D content experience in the Metaverse.
From an investor’s point of view, Nvidia might be a great investment opportunity, regardless of its association with the Metaverse. The company is already enjoying impressive growth in the sectors of video gaming and big data. And when you add the scope of Metaverse into the equation, Nvidia is a top-rated stock pick.
We also argue that Nvidia is one of the best Metaverse stocks because the company pays a dividend. At the time of writing, the firm is offering a frnning yield of just under 0.60%. In the past five years, Nvidia stock has increased by a whopping 980%. As such, it’s one of the best-performing stocks on the NASDAQ.
4. Autodesk – Best Metaverse Stock for Solid Growth
Autodesk is a well-established company that designs and makes software products for the engineering industry. Its products include AutoCAD and Revit – both of which have become a staple for architects and stfrctural engineers to draft and model their designs.
However, outside the constfrction sector, AutoCAD is also heavily used by animators and visual effects artists for its 3D software tools. The company’s suite of products designed specifically for VR and 3D animations makes this a perfect fit for the constfrction of the Metaverse.
Initially, Autodesk offered a one-time purchase model. This meant that users could keep on working with the same version, purchasing a new product only when they needed an upgrade. However, Autodesk has since switched to a subscription model that requires an annual license.
This strategy has helped the company create a recurring income stream and, in turn, increase its revenue. AutoDesk debuted on the NASDAQ exchange in 1985 and since then, the stock generated solid returns for investors. Over the past five years, the share price of AutoDesk has climbed up by over 150%.
Given these factors, this makes Autodesk one of the best Metaverse stocks to buy in 2022.
5. Unity Software – Top Metaverse Tech Stock
Unity Sofware is another company that is set to play a significant role in the expansion of the Metaverse. The platform offers various solutions that allow the development of software programs. It provides tools for designers, architects, and engineers to develop 3D content for the virtual world, which now includes the Metaverse.
The company is working on several platforms – such as Insomniac Events, to create new Metaverse worlds. Unity Sofware is also investing heavily in the gaming industry. Since becoming a public company in 2020, the stock value of Unity Sector has increased by nearly 45%.
Like many other tech stocks, Unity Software also faces pressure from its investors. Recently, the firm’s acquisition of the visual effects company Weta Digital has left shareholders concerned – especially since Unity Software had to raise capital to facilitate the investment. However, in the long frn, some analysts expect Weta Digital to be a ffritful venture for Unity Software.
That said, Unity Software has also devised a few other notable partnerships outside the Metaverse market. In December 2022, the company got on board with eBay to offer a 3D view solution to selected sellers. It has also announced a new collaboration with Hyundai Motor Company to build a digital-twin factory to improve logistics.
6. Coinbase – Great Metaverse Stock for Direct Exposure to Cryptocurrency
The leading cryptocurrency exchange Coinbase is also one of the biggest beneficiaries of the Metaverse. To explain further, you should understand that crypto-assets form the backbone of the Metaverse. Therefore, as one of the world’s largest crypto exchanges, Coinbase easily finds a place in the list of the best Metaverse stocks to buy in 2022.
Apart from buying and selling digital assets, Coinbase also facilitates other crypto-related services, such as credit cards, interest accounts, and more. And, the platform allows you to invest in NFTs via its new marketplace – which enables Coinbase to take advantage of the growth of the Metaverse.
Coinbase has also announced that it is working on developing technology that will allow its users to purchase their own avatars for Metaverse games.
After becoming a public-traded company in April 2022, Coinbase stock reached its all-time high of about $430 in November of the same year. However, since then, its share value has dropped by about 65%. This is mainly due to the sharp decline in cryptocurrency prices, which translated to lower transaction volumes and revenues for Coinbase.
That said, the rise of the Metaverse could lead to more investors turning to the cryptocurrency markets. When the digital asset market starts to regain traction, Coinbase shares are likely to follow suit. And best of all, based on current prices, you can buy this top-rated Metaverse stock at a discount.
7. Nike – Best Metaverse Stock in the Retail Industry
The share value of Nike has climbed by nearly 150% over the last five years. The company has also witnessed continued revenue growth, boosted by its digital marketing strategies and direct-to-customer business model. Needless to say, Nike is a leader in the sports apparel industry and already has an established customer base in the real world.
That said, Nike is also looking for ways to enter into the Metaverse. In December 2022, it announced the acquisition of RTFKT, a leader in the NFT shoe market. This move will help Nike in developing digital sneakers, designed to be wearables in virtual worlds such as Decentraland.
Nike has previously created an online experienced inside Roblox, allowing players to purchase its digital apparel. Moreover, Nike also expects to use the Metaverse for advertising and as a way to showcase its products to users. Those who consider Nike as one of the best Metaverse stocks will also be pleased to know that this company pays a frnning dividend yield of 0.9% as of writing.
8. Match Group – Top Metaverse Stock for Long-Term Growth
As the owner of apps such as Tinder and OkCupid, Match Group might not come across as one of the best Metaverse stocks at first glance. However, this company has revealed its plans to take its match-making efforts to the virtual world. Match Group aims to roll out avatar-based virtual experiences to its portfolio of apps.
As an initial step in this market, Match Group has already tested its in-app virtual currency called Tinder Coins. These allow users to buy in-game features and perks. Moreover, the company has also started designing its live virtual world, named Single Town. In this, users will be represented by their avatars and can engage with others via an audio link in virtual locations.
The share price growth of Match Group has been impressive in recent years. For instance, over the past five years alone, its share value increased by over 250%. Its revenues were boosted further during the pandemic market, however, the stock failed to sustain its momentum to the close of 2022. Regardless, Match Group remains to be a good choice for long-term investors.
It has established leadership in online dating and continues to gain more users. Furthermore, its entry into the Metaverse is also likely to boost its income in the coming years.
9. Microsoft – Best Metaverse Stock for Upside Potential
Software powerhouse Microsoft is also set to start its journey into the world of Metaverse. It plans to create an enterprise Metaverse, which will essentially have a virtual representation of all Microsoft tools. The company has already announced the launch of Microsoft Mesh, which facilitates real-time collaboration in the virtual world.
Mesh will come with a set of pre-built immersive spaces for meetings and social mixers, allowing users to create avatars and interact with each other. The company also has plans to acquire the gaming giant Activision Blizzard, which will play a cfrcial role in helping Microsoft build its own world in the Metaverse.
Microsoft’s new endeavours, combined with its already-established position in the tech industry make it one of the best Metaverse stocks to consider right now. On top of this, unlike the majority of tech stocks, Microsoft pays dividends. This stands at a frnning dividend yield of 0.8% at of writing. Microsoft shares continue to perform well – with gains of over 350% in the past five years.
10. Shopify – Growing Metaverse Stock With an NFT Marketplace
Shopify is the second-largest e-commerce platform after Amazon. The platform has a wide suite of software products that helps online retailers access analytics and streamline payments, marketing, and fulfilment. Being an established player in the online retail industry, Shopify has a huge opportunity to shape its buy-vendor relationships in the Metaverse.
The main reason why we like Shopify as one of the best Metaverse stocks is due to its entrance into the NFT space. The company has announced a new marketplace to make NFTs more accessible through a global platform. Shopify will benefit immensely from the growth of the Metaverse, especially given the fact that these digital tokens form the backbone of the virtual world.
The COVID-19 pandemic has been particularly beneficial for Shopify. With the demand for eCommerce continuing to grow, the stock price of this company has followed suit. For instance, between January 2020 and November 2022, the share value of Shopify increased by over 300%.
However, the company has forecasted a revenue slowdown due to post-pandemic market conditions, which has also been reflected in its stock value.
What are Metaverse Stocks?
Before you learn how to invest in Metaverse stocks, you should understand what this emerging concept encompasses. In a nutshell, the Metaverse is a collection of virtual worlds designed to foster social interaction.
Each user will have their own avatar and will be able to engage with different virtual experiences via advanced human-computer interaction hardware such as AR and VR headsets.
That said, the Metaverse is in its early stages. Therefore, perhaps, the best Metaverse stocks to buy today are companies that are already flourishing but whose growth is likely to be further boosted by this digital world.
These firms could belong to several sectors, including:
- Gaming – such as Roblox
- Immersive technology – such as Facebook
- Blockchain-related services – such as Coinbase
- Digital infrastfrcture – such as Nvidia and Autodesk
- Retail – such as Nike
Firms such as Autodesk and Unity Software are helping to design the building blocks for established businesses like Nike to enter the Metaverse.
Moving forward, as the Metaverse expands, we might see a lot more companies create their own version of the virtual world.
Are Metaverse Stocks a Good Investment?
The Metaverse is considered one of the most exciting endeavors of this decade, with tremendous growth potential.
However, as with any other asset class, even the best Metaverse stocks in the market require in-depth research and due diligence before proceeding with an investment.
Benefits of Investing in Metaverse Stocks
Here are the potential benefits of investing in the best Metaverse stocks today.
- Endless Possibilities: If you are an investor looking for new and exciting growth possibilities, the top Metaverse stocks discussed today might be of interest. After all, this concept is continuously evolving, and there is no way to tell what the final version of Metaverse will look like. This means that there are ample investment opportunities into the Metaverse.
- Wide Range of Companies: Since the Metaverse accommodates many sectors, you will have no shortage of finding companies that suit your investment profile. Moreover, you will also be able to choose firms that have established a market presence outside of the Metaverse.
The majority of Metaverse companies we discussed earlier, including Facebook, Shopify, and Autodesk, are all leaders in their own respective sectors.
While the growth of the Metaverse can boost revenue streams into new markets, these companies do not rely entirely on the virtual worlds to generate income.
Risks of Investing in Metaverse Stocks
Investing in any stock comes with a certain amount of risk.
As such, take a look at some of the major concerns before you buy Metaverse stocks.
- Time Intensive – The Metaverse can be categorized as a speculative technology. In other words, there is no way to predict how long it will take for even the best Metaverse stocks to start generating profits from their investments.
- Uncertain Future Regulations – The Metaverse is entangled with cryptocurrencies and NFTs. Financial authorities across the world are still grappling with the regulatory standing of blockchain-based investments. In other words, there is no knowing what future laws surrounding the Metaverse will look like.
In other words, the Metaverse is still in development, and related stocks can rise or fall unpredictably in value.
Therefore, we suggest that you take a step back before you invest in the best Metaverse stocks discussed today.
Metaverse Penny Stocks
For those unaware, Metaverse penny stocks are companies that trade at less than $5 per share – as defined by the SEC.
If you are interested in this category of Metaverse stocks, here are some options for you to consider:
- Alpha Metaverse – Metaverse stock for exposure in the esports gaming sector
- Blue Hat – Metaverse stock providing interactive entertainment technology
- Meta Materials – Metaverse stock offering AR eyewear
While Metaverse penny stocks might come across as good investments due to their low-cost entry, you should also bear in mind that they tend to be volatile.
Moreover, there is additional risk involved if the penny stock trades on the OTC markets – as there might not be enough information about the firm in the public domain.
Moreover, these days, the stock price is not an issue when thinking of how to buy Metaverse stock. With brokers such as eToro, you can buy fractional shares of your chosen companies starting from just $10.
Metaverse Stock Price
As we discussed earlier, the Metaverse concept is still in its infancy. In other words, it might take several years before this virtual world exists in its fullest form.
Even then, it is likely to continue evolving, just like any other emerging technology. Therefore, you need to bear in mind that even the best Metaverse stocks should be viewed as a long-term play.
That said, many companies are investing heavily into the Metaverse, contributing in order to get an early foothold in this digital scene.
And some Metaverse stocks have already been able to reap the benefits.
- For instance, Roblox was founded back in 2004.
- However, it entered its Metaverse product as recently as April 2022 and started trading publicly around the same time.
- Roblox stock hit an all-time high in November 2022, at the peak of the COVID-19 pandemic.
- That said, with lockdowns ending and schools reopening, the target demographic of Roblox is spending less time on the platform.
- Consequently, recent earnings missed the expectations of Wall Street analysts, and thus – Roblox shares have since dropped.
As you can see, while the Metaverse can be a driver for growth, at the same time, there are other factors that can affect the value of stocks operating in this industry.
Moreover, due to the rising exposure of the Metaverse, there are a lot of entrants vying for a competitive edge in this space.
Taking this into account, we suggest that you examine the top Metaverse stocks extensively to understand their possibilities and drawbacks before you risk any capital.
Where to Buy Metaverse Stocks
By now, you likely have a firm idea of what the Metaverse is and how you can gain exposure to this emerging technology.
Next, we will now discuss where to buy Metaverse stocks today without paying any commission.
eToro – Best Place to buy Metaverse Stocks
eToro is a popular social trading platform that gives you access to the stock market in a simple and transparent way. This online broker makes zero commission stock investing available to more than 3,000+ US and international equities. Moreover, you will be able to buy Metaverse stocks in fractional quantities from just $10. Since eToro supports over 15 international markets, you’ll also be able to add the best dividend stocks and oil stocks to your portfolio with low fees.
Not only does this broker support all the best Metaverse stocks we discussed today, but it also has a prebuilt portfolio that focuses specifically on this sector. eToro’s MetaverseLife is a smart portfolio that includes stocks such as MetaPlatforms, Adobe, Autodesk, Nvidia, Roblox, and more.
It also includes some of the best Metaverse crypto coins – allowing you to gain exposure to a different asset class and diversify at the same time.
Another aspect that makes eToro our top broker to buy stocks is that the platform is extremely beginner-friendly and offers a great stock app for extra convenience. It lets you get started in less than five minutes with a $10 minimum deposit to buy stocks on eToro. Not only that, eToro facilitates social trading – meaning, you can follow, interact, share ideas and strategies, and even copy other investors on the platform.
eToro is also an excellent place to buy cryptocurrencies in a low-cost environment. Furthermore, you will also be able to store your digital assets for as long as you wish in the eToro wallet for free. The broker also extends support to other assets such as ETFs, indices, commodities, and forex trading.
And cfrcially, eToro is one of the safest platforms to choose when considering how to buy Metaverse stocks. This broker is regulated on multiple fronts by top financial authorities – including the SEC in the US, FCA in the UK, ASIC in Australia, and CySEC in Cypfrs. This indicates that the provider takes security and safety seriously.
How to Buy Metaverse Stocks on eToro
To conclude this beginner’s guide, we will show you how to buy Metaverse stocks without having to pay any commission via eToro.
All you need to do is follow the steps below and you will be able to invest in your chosen MetaVerse companies in less than five minutes.
Step 1: Open eToro Account
The first thing to do is open an investment account with eToro. You can do this by visiting the eToro website and providing your email address and assigning a username and password.
After you click on the ‘Create Account’ button, eToro will send an email for verification.
Step 2: Upload ID
Since eToro is bound by regulatory guidelines, you will have to verify your identity to use the platform. This is a requirement common across all licensed brokers.
To complete this step, you will need to provide some basic personal details such as your name, address, and phone number.
You will also have to submit a copy of a government-issued ID – such as a passport or driver’s license, along with a proof of address document like a bank statement.
Step 3: Deposit Funds
Next, you will have to add funds to your eToro account. The platform accepts deposits starting from $10. As you can see in the image below, there are numerous payment methods available at your disposal.
If you want to buy Metaverse stocks instantly, you might want to use a credit/debit card or an e-wallet. Bank transfers can take a few days to complete. Moreover, eToro does not charge any deposit fees on USD deposits.
Step 4: Search for Metaverse Stock
Assuming that you already know which Metaverse stock you want to invest in, you can simply search for it. For example, let’s say you want to invest in Meta Platforms.
You can use eToro’s search bar to type in the company name.
eToro will instantly load the result and you can click the ‘Trade” button to proceed.
Step 5: Buy Metaverse Stock
In the trading box, you have to enter the amount you wish to invest in your chosen Metaverse stock. As we discussed above, you only need to meet the minimum investment requirement of $10.
Finally, you can click the ‘Open Trade’ button you find at the bottom of the order box. Once you set the order, eToro will execute it and add the Metaverse stocks to your brokerage portfolio.
The Metaverse is expected to usher in the next phase of evolution in the internet ecosystem.
However, it is cfrcial to bear in mind that it will take time and enhanced technological advancements before this virtual world becomes fully accessible and affordable to the public.
If you would like to gain exposure to this emerging concept, this guide has discussed 10 of the best Metaverse stocks to buy in 2022.
To get started right now, you can create a verified account with eToro in under five minutes. In doing so, you’ll be able to buy Metaverse stocks at 0% commission and from a minimum investment of just $10.