Metaverse is a developing sector. The idea is still in its early days. But it has already interested many. People are finding ways to start investing in Metaverse early to get profitable returns. In this article, we will introduce you to different ways to invest in Metaverse and what popular options you should consider.
Ways to invest in Metaverse
The idea of Metaverse excited many people. More investment opportunities have recently opened up. We will show you some of the best ways to invest in Metaverse.
1. Ethereum (ETH)
Ethereum network is a decentralized blockchain that is the backbone of several Metaverse projects and tokens. It has the second largest market capitalization besides Bitcoin. Several Metaverse and related projects already use the Ethereum network for operation, transaction validation, and ownership. You can invest in Ethereum by buying ETH cryptocurrency from cryptocurrency.
2. Metaverse coins
Cryptocurrency is one of the easiest ways to invest in Metaverse. It is used as a payment method in Metaverse projects and games so it is a good option. There are so many reliable ones crypto exchange today that you can use to buy and invest.
Most Metaverse projects use their own cryptocurrencies, so you will need to choose which project you want to invest in. Some popular options are decentralization (MANA), Sandbox (SAND), Axie Infinity (AXS). This is how you can invest in Metaverse coins.
1. Create an account with a crypto exchange like WazirX, CoinDCX, or Binance.
2. You will need to provide your bank details to complete KYC.
3. After the verification process, add the funds to the exchange wallet.
4. Buy the desired Metaverse coin.
Your coins will be safe in your wallet for the exchange office and you will be able to transfer them to a private wallet whenever you want. Platforms like Binance allows you to invest your Metaverse coins also so you can earn interest on them to increase your earnings.
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3. NFT projects
NFTs will be huge in Metaverse. He stands for Irreplaceable tokens. These can be creatures in the game, pictures or objects. You can buy with proof of ownership. Metaverse projects like Axie Infinity, Iluvius, i Sandstone offer some good NFT items.
You will need to set a Metamask wallet for the purchase and storage of NFTs. It will allow you to save funds and make payments, as well as sign up for various Metaverses and NFT platforms. This is how you can create a Metamask wallet and add funds to it.
1. Create and set Metamask wallet.
2. Buy Ethereum or cryptocurrency the appropriate project you want to invest in from the crypto exchange.
You can use any of the crypto exchanges we mentioned above.
3. Transfer funds from the crypto exchange to the Metamask wallet.
4. Connect Metamask Wallet with the NFT market.
Now you can buy NFT and pay easily. You can buy NFTs directly on their website or in a secondary store such as Open sea. Most NFT projects are based on Ethereum, so it’s best to use a Metamask wallet.
Also, read | 4 best ways to save gas when buying NFT
4. Virtual land and real estate
Decentraland and Sandbox are platforms that allow you to purchase virtual land. You can buy, sell, rent and build on this land in Metaverse and explore the purchased land in virtual reality with the help of VR glasses or on a computer. They are sold as NFTs and can be purchased on the appropriate sites or OpenSea. Even large companies like video game company Atari recently bought 20 plots of land in Decentraland to host a virtual casino.
1. To go Decentralland, Sandstone, or Open sea.
2. Visit their real estate or land section.
3. Connect your Metamask wallet to Login.
4. Find land that you like and then you can bid for it.
The largest bidder will receive ownership of the land. They do not require all offers. You can buy some directly, but there is a transaction fee for every purchase you have to pay for.
5. Metaverse stocks, indices and ETFs
This is for more traditional investors who do not speak fluently in the space of cryptocurrencies. It is a safer and less unstable option. You can invest in brands that work on Metaverse components such as networking, social media, virtual reality and 3D world building. These are some of the popular stock options. Meta Inc, Apple, Microsoft, Nvidia, Boeing, i Roblox.
There is also Metaverse Index or MVI where you can invest. Lists and records all the best performing companies associated with Metaverse. These can be companies that are trending in the entertainment, gaming or digital space. This is a good option for those who do not want to miss the Metaverse trend without having to learn about its complications.
Also, read | Bitcoin ETFs: how it works, how to buy in India, benefits and more
The metaverse is a space that expands. It is still growing and with more advances in technology we will see how it takes shape. It will represent more components and more investment opportunities. These were our 5 ways to invest in Metaverse. We hope we were able to help you and that you should research for yourself before investing.
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