2 Metaverse Stocks to Buy Hand Over Fist and 1 to Avoid Like the Plague
Though there are no shortage of high-growth trends for investors to choose from, none appears to offer more potential than the metaverse.
In simple terms, the metaverse is the next iteration of the internet. It'll allow users to interact with their surroundings and each other in 3D virtual worlds. Aside from providing entertainment, these virtual worlds represents brand-new ecosystems that can be monetized in a variety of ways. In addition to payments within these virtual landscapes, there's the processing, storage, latency, digital identity/verification, and so on, that needs to be addressed to make the metaverse work.
The estimated market value of the metaverse varies wildly. Matthew Ball, CEO of venture capital company Epyllion, believes the metaverse grows into a $10 trillion to $30 trillion market within 10 to 15 years. Meanwhile, Morgan Stanley foresees the metaverse being worth $8 trillion in China alone.
Source Fool.com
