Top 5 Ways to Invest in Metaverse in 2022 – Gadgets To Use
Metaverse is a growing sector. The idea is still in its early days. But it has already gained the interest of many. People are finding ways to start investing in Metaverse early to get profitable returns. In this article, we will present you with different ways to invest in the Metaverse and which popular options you should consider.
Ways to Invest in Metaverse
The idea of a Metaverse has excited a lot of people. More opportunities to invest in it have opened up recently. We will show you some of the best ways to invest in the Metaverse.
1. Ethereum (ETH)
Ethereum network is a decentralized blockchain that is the backbone of several Metaverse projects and tokens. It has the 2nd biggest market capitalization next to Bitcoin. Several Metaverse and related projects already use the Ethereum network for operation, validation of transactions, and ownership. You can invest in Ethereum by buying ETH cryptocurrency from a crypto exchange.
2. Metaverse Coins
Cryptocurrency is one of the simplest ways to invest in the Metaverse. It is being used as the payment method in Metaverse projects and games so it is a good option. There are so many reliable crypto exchanges nowadays that you can use to buy and invest.
Most Metaverse projects use their cryptocurrencies so you will have to choose which project you want to invest into. Some popular options are Decentraland (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 have to provide your bank details to complete KYC.
3. After the verification process, Add funds to your exchange wallet.
4. Buy your preferred Metaverse coin.
Your coins will be safe in the exchange wallet and you will be able to transfer them to a private wallet whenever you want. Platforms like Binance allow you to stake your Metaverse coins as well so you can earn interest on them to maximize your earnings.
Related Article | 5 Best Metaverse Coins to Invest in India (2022)
3. NFT Projects
NFTs will be huge in Metaverse. It stands for Non Fungible tokens. These could be in-game creatures, pictures, or items. You can buy with proof of ownership. Metaverse projects like Axie Infinity, Illuvium, and Sandbox offer some good NFT items.
You will need to set up a Metamask wallet to buy and store NFTs. It will allow you to store funds and make payments as well as sign in to different Metaverse and NFT platforms. This is how you can create a Metamask wallet and add funds to it.
1. Create and set up a Metamask wallet.
2. Buy Ethereum or the Cryptocurrency of the respective project you want to invest in from a crypto exchange.
You can use any of the crypto exchanges that we mentioned above.
3. Transfer funds from the crypto exchange to the Metamask wallet.
4. Connect Metamask wallet with the NFT marketplace.
Now you can buy NFT and easily make payments. You can buy NFTs directly from their respective website or a secondary store like OpenSea. Most of the NFT projects are based on Ethereum so it is best to go with Metamask wallet.
Also, Read | Top 4 Ways to Save Gas Fees While Buying NFT
4. Virtual Land and Real Estate
Decentraland and Sandbox are platforms that allow you to buy virtual land. You can buy, sell, rent, and build on this land in the Metaverse and explore the purchased land in virtual reality with the help of VR glasses or on a computer. These are sold as NFTs and can be bought from their respective sites or OpenSea. Even big companies like the Video game company Atari recently bought 20 parcels of land in Decentraland to host a virtual Casino.
2. Visit their Estate or Land section.
3. Connect your Metamask wallet to Sign in.
4. Find the land you like and then you can bid for it.
The highest bidder will win the ownership of the land. Not all of them require bidding. Some you can directly purchase but there is a transaction fee upon every purchase that you will have to pay.
5. Metaverse Stocks, Index and ETFs
This is for more traditional investors who are not fluent in the cryptocurrency space. It is a safe and less volatile option. You can invest in brands that are working on Metaverse components like Networking, social media, virtual reality, and 3D world-building. These are some of the popular Stock options. Meta Inc, Apple, Microsoft, Nvidia, Boeing, and Roblox.
There is also Metaverse Index or MVI where you can invest. It lists and captures all the top-performing companies that are related to Metaverse. These could be companies trending in the entertainment, gaming, or digital space. It is a good option for those who do not wish to miss out on the Metaverse trend without having to learn about its complications.
Metaverse is an expanding space. It is still growing and with more advances in technology, we will see it taking form. It will present more components and more opportunities for investment. These were our 5 ways to invest in Metaverse. We hope we were able to help you and you should do your own research before investing.
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