One of the most talked about topics among tech investors is the metaverse.
From Meta (formerly known as Facebook) to Google, companies far and wide are pouring billions of dollars into the nascent metaverse. Although you can (and may already) invest in companies invested in the metaverse — you’re about to learn how you can dive into the metaverse with a long-term crypto investment below.
The metaverse is an immersive digital and decentralized world where participants can live virtual lives.
From buying plots of digital land to displaying virtual art (NFTs), the metaverse enables participants to connect with people from around the world in a novel (augmented or virtual) 3D world. Ultimately, the metaverse is viewed as the internet’s next frontier because it allows users to roam new virtual worlds without constraint.
Aside from Meta, dozens of household brands are currently focused and invested in the metaverse.
From clothing to gaming, the metaverse encompasses the world we already know — but in digital form. When viewed as a parallel universe, it makes sense that companies worldwide are eager to get a piece of the metaverse pie.
From digital sneakers to virtual advertisements, it’s no wonder Citi recently estimated the metaverse to be worth upwards of $13 trillion by 2030.
Although companies like Nike and Snapchat have filed patents and started to create digital experiences — traditional companies are far behind virtual worlds owned by their users.
Decentralized (Web3) platforms, such as Decentraland, Sandbox, Axie Infinity, and Enjin, popularized the metaverse long before Facebook changed its name to Meta. With their first-mover advantage, Web3 platforms allow you to invest directly in the metaverse via native cryptocurrencies.
Decentraland allows users to create, explore, and trade within an ever-growing virtual world built on the Ethereum blockchain.
From buying digital plots of LAND to attending virtual parties, Decentraland offers an immersive experience and a potentially lucrative investment opportunity. Decentraland’s native cryptocurrency is MANA — a token that acts as money within the ecosystem.
Therefore, investing in MANA provides exposure across the entire Decentraland ecosystem. Decentraland’s MANA token can be found at leading cryptocurrency exchanges like Coinbase and Kraken.
Sandbox is a virtual world that adds another bright layer to the metaverse — this time with a focus on gamers.
The Sandbox enables gamers to build and play games and buy, sell, and trade in-game items. Similar to Decentraland, Sandbox allows users to purchase plots of land and build virtual cities across the landscape.
Most notably, Snoop Dogg entered the Sandbox with a splash by creating the Snoopverse. From virtual clubs to extravagant digital mansions, the rich and famous have found the Sandbox an ideal location to showcase their metaverse brand.
With partners like Animoca Brands, Atari, and Deadmau5, the Sandbox offers a rich foray into the metaverse. The entire Sandbox ecosystem is powered by its native cryptocurrency: SAND.
As demand grows for metaversal experiences — investing in Sandbox’s SAND cryptocurrency for the long term may prove beneficial for your overall portfolio.
Axie Infinity broke the long-standing practice of play-to-game.
For decades, gamers have paid video game companies millions of dollars per year to play video games. From Playstation to Nintendo, video game enthusiasts are locked in centralized worlds where they cannot own anything.
This changed when Axie Infinity, a play-to-earn (P2E) game, entered the room. Within the Axie Infinity ecosystem, gamers own everything, from the land to the characters. Ultimately, playing Axie Infinity earns tokens — the native AXS cryptocurrency.
AXS fuels everything within the Axie Infinity metaverse, making it the necessary crypto if you want to gain exposure to one of the world’s leading P2E metaverse.
Unlike The Sandbox, Decentraland, and Axie Infinity, Enjin is an all-in-one solution for blockchain-based games to create, list, buy, and sell NFTs.
Ultimately, Enjin provides the necessary tools to build and launch games within their metaverse. With dozens of playable Web3 games and countless collectible items, Enjin is one of the most significant metaverse projects to date.
Overall, Enjin caters to individuals, businesses, and developers with high scalability, versatile tools, and easy-to-use applications. Powered by the ENJ token, Enjin’s potential is limitless, given the extreme demand of the Web3 gaming industry.
If you own stock in companies like Meta or Google — you already have exposure to the metaverse.
However, Meta and Google (among others) are centralized brands working on private virtual worlds and technologies. Unlike their centralized counterparts, decentralized platforms like Axie Infinity and Decentraland give power to the people via their native cryptocurrencies.
By owning metaverse crypto, you’ll have direct exposure to price speculation in one of the fastest-growing sectors in Web3. Ultimately, keeping a diversified portfolio according to your risk tolerance that contains both metaverse crypto and metaverse-focused stocks is an optimized strategy to position yourself for long-term growth.
Every stock investor understands the importance of due diligence.
Understanding each metaverse platform’s tokenomics and viability is paramount when considering a long-term investment. However, crypto adds a curveball for most investors when it comes to buying, selling, and storing cryptocurrency.
Similar to stock brokers and fund managers, automated crypto investment advisers are a way to invest in metaverse tokens for the long haul. Whether you wish to invest in a Web3 basket or individual metaverse tokens, automated investment advisers can assist you in building a diversified long-term crypto portfolio focusing on the metaverse.
Shrimpy Advisory is an investment adviser registered with the US Securities and Exchange Commission. Registration as an investment adviser does not imply a particular level of skill or training. Shrimpy Advisory exclusively provides investment advisory services related to investing in digital assets.
The above material and content should not be considered to be a recommendation to invest in a basket or an individual digital asset. Investing in digital assets or cryptocurrency (collectively “digital assets”) is highly speculative and volatile, and digital assets are only suitable for investors who are willing to bear the risk of loss and experience sharp drawdowns. Past performance does not guarantee future results.
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