The metaverse is where folks can virtually interact with each other and the environment. According to consulting firm McKinsey, the industry is poised to generate $5 trillion in sales by 2030. It's no surprise that companies are lining up to capitalize on the massive opportunity. Investors, too, can take advantage of this emerging trend.

My two favorite stocks for investors looking to benefit from the growth of the metaverse are Meta Platforms (NASDAQ: META) and Roblox (NYSE: RBLX). The former is newly entering the industry with big ambitions, and the latter is one of the pioneers of the metaverse. Let's see why each deserves a spot in your portfolio. 

Meta Platforms was formerly known as Facebook. For over a decade, it has operated a dominant social media business with nearly 3 billion daily active users across its platforms, including Facebook, Instagram, WhatsApp, and Messenger. With its CEO Mark Zuckerberg anticipating changing consumer trends, the company announced a substantial pivot to become a metaverse-first business. 

Continue reading

Source Fool.com