Metaverse Stocks are gaining steam by the minute, and many major stock market players are getting involved. Metaverse stocks have quickly become one of the most widely followed financial trends, having become a hot topic on Wall Street. If you’re curious about this investment option and want to add metaverse stocks to your portfolio, these picks will help you get started.
Top 3 Metaverse Stocks
1. Sony Corporation (SONY)In a June 2022 interview, CEO Kenichiro Yoshida revealed that Sony’s first priority is to build a metaverse centered on entertainment. It’s a logical next step for a company that has already established itself as a market leader in cutting-edge entertainment technology and content.
2. Matching Group (MTCH)
This dating industry behemoth is best known for being the parent company of Tinder and Match.com. It faces little competition in the dating app market, has a largely untapped market potential, and plans to launch a virtual environment for singles. Despite a high price-to-earnings ratio, which indicates that the stock may be overpriced, this one may be a good choice for investors who are comfortable with a riskier stock.
Read More: 2023 Best Performing Dividend Stocks
6. Microsoft (MSFT)
According to Cointelegraph, Microsoft announced last year that it would acquire gaming company Activision Blizzard for $68.7 billion, giving it access to Activision’s gaming titles, including bestsellers like Call of Duty, as well as its approximately 390 million monthly users. Following its Mesh for Teams mixed-reality space and HoloLens, Microsoft’s augmented reality headset and platform, the acquisition is one of the company’s most recent metaverse plays. In addition, the company has a collaboration with Meta, which will use Microsoft products on its virtual-reality headsets.
What Size Will the Metaverse Have?
With Meta Platforms in the spotlight, many businesses wanted to get in on the metaverse action. The global metaverse market is expected to be worth $800 billion by the end of 2024.
The metaverse could be the next big thing in the stock market, and you should get on board sooner rather than later. If you want to dabble in the metaverse stock market, the options listed above are a good place to start. Most have proven track records in the physical world and appear to be well-positioned to lead the transition to the virtual.