Investors are paying millions for metaverse real estate.
In fact, it’s become so popular that metaverse real estate sales topped $500 million in 2021. This year, that number is only expected to double, as noted by CNBC.
Even better, according to a report from BrandEsseence Market Research, the metaverse real estate market could grow at a compound annual rate of 31% through 2028.
Even more exciting, “Prices have gone up 400% to 500% in the last few months,” says Andrew Kiguel, CEO of Tokens.com, as quoted by CNBC. In fact, someone just paid about $450,000 to be a neighbor to Snoop Dogg, who is reportedly building a virtual mansion.
So, how can the average investor trade the news? Here are three ways.
Defiance Digital Revolution ETF (NFTZ)
One of the best ways to diversify in a growing market, at less cost is with an ETF, such as the Defiance Digital Revolution ETF (NFTZ).
While its chart isn’t anything to write home about just yet, give it time.
If NFTs can become an $80 billion market, this ETF could take off. Plus, we have to consider the “virtual sky” of NFTs has on limit, says Defiance ETFs.
With an expense ratio of 0.46%, investors can own some of the top crypto and NFT companies on market for less than $20 a share, as of February 2022. That includes top holdings, such as eBay Inc., DraftKings Inc., Coinbase Global, Hut 8 Mining Corp., Canaan Inc, Cloudflare Inc., HIVE Blockchain Technologies, Block Inc., and Funko Inc.
Roblox Corporation (RBLX)
While it may take years before the metaverse goes mainstream, one of the hottest stocks to pay close attention to is Roblox Corporation (RBLX).
At the moment, Roblox is the closest thing to a mainstream social metaverse, with a mission of building a human co-experience platform that enables billions of users to come together to play, learn, communicate, explore and expand their friendships, according to Roblox.
Matterport Inc. (MTTR)
MTTR is another great way to trade the market.
According to Matterport CEO RJ Pittman via Yahoo Finance Live:
“Matterport is in fantastic position because this is the business we’ve been about since the very beginning. And what it’s perhaps doing is helping broader industries think about how to embrace the digital realm as a way to run their organizations and certainly run their facilities more efficiently.
And we think, with that, we’ve got great examples. Amazon has come into the space and introduced a service in partnership with Matterport called their IoT Twin-maker. And it is Matterport’s digital twins that are really unlocking the potential of AWS customers who are managing facilities at scale do it in a 3D environment.
Same thing with our partnership with Meta, where here we’re trying to basically connect the dots and tap into our spatial data library. It’s the largest library of buildings and spaces that is a dimensionally accurate digital twin in the world. And these have great implications for any of these new environments. Our engine and our pipeline for creating spatial data fits in perfectly.”