To have an investment in the metaverse, one can invest in it directly and indirectly. Before knowing about metaverse stocks in India, let us know what exactly metaverse is and a few ways of investing in metaverse. Metaverse is a digital universe or a virtual world where you can have your home, office, business, the entertainment world, and many other things. But the question is how can we have it in a virtual world? Well in simple words the answer is through your own Avatar.
When a digital self is more important than the physical self, that’s where the metaverse concept comes in. In this age of the Digital World, Facebook which is now called Meta is coming up with its own project where everyone’s own Avatar will be able to make eye contact and replicate the facial expressions too. Currently, Facebook meta, Nike, Microsoft, and many stalwarts are investing millions and millions in the metaverse project.
Different examples of metaverse which are getting popular day by day are Decentraland (MANA), Sandbox (SAND). Axie Infinity (AXS), Enjin Coin (ENJ), and a few more.
Apart from connecting people through their Avatars, metaverse can be explored in many more ways.
- Real estate: By virtually checking the building/flat and taking the decision.
- Travelling: Can travel in metaverse through Avatar’s and exploring different countries sitting miles away but sitting together in the virtual world or metaverse.
- Entertainment/Music Concerts: Justin Beiber hosted a concert through metaverse.
- Video Games: AXIE INFINITY is the popular play and earns game on metaverse.
- Sports and many more.
There is a map for metaverse too where anyone can buy a plot of land. earth2.i0 and www.cryptovoxels.com are the websites where we can see multiple plots of the land present which are already sold or can be sold in near future. Plots can be bought through a secondary market too through a website called www.opensea.io.
Metaverse group, a Canadian real estate company in the digital space has bought 116 smaller parcels of land, making the land 6,090 virtual square feet in size costing 601800 MANA (crypto token) which is around $2,428,740. One of the most important points to note is Grey Scale Trust, one of the wealthy investor’s estimated metaverse is capable of becoming a trillion-dollar economy.
The developers of the metaverse are selling the lands which are being bought by many nowadays. The lands bought can be sold at a higher price in the future, can be rented too. Famous American rapper Snoop Dogg invested in a land parcel in metaverse to set up his virtual mansion in metaverse similar to his real mansion. To know the craze around metaverse, it is a fact which is hard to believe that a fan of Snoop Dogg bought a parcel of land for $450,000 to be the virtual neighbor of Snoop Dogg in the metaverse.
How to invest in the metaverse
Before investing in metaverse stocks in India, one should know the steps by which one can invest in these virtual tokens. There are three direct ways of investing in the metaverse, one can either buy metaverse tokens like SAND or MANA. Or one can buy in-game non-fungible tokens. The third way is to purchase virtual land in the metaverse. Indirectly, one can either invest in metaverse-associated stocks like Apple or Facebook. The other way is to invest in a metaverse index.
Metaverse Stocks In India for investment
Metaverse stocks in India can be bought through applications like WazirX, CoinDCX, and CoinSwitch Kuber which are the most popular options in India to buy tokens in India. MANA, Sandbox, ENJ are the tokens available to invest in India with many more to come but yes, these are subjected to high risks too. Never go blindly on anything which has no such surety currently. Metaverse stocks in India and all over are subjected to risk and it is requested to everyone go through the details about metaverse and the risk it possesses thoroughly.
Let us look at a few risks involved in this virtual Avatar World.
- Once someone gets addicted, after a few years, self-love would get hampered because of the edited virtual avatar.
- Since it is a new thing coming up, it’s too early to conclude.
- Difficult to calculate its intrinsic value as you never know if anyone would buy or rent from you.
- High-risk high return.