4 Reasons Nintendo Is a Great Metaverse Stock
The "metaverse," which blurs the lines between the physical and digital worlds, has become a hot topic over the past year. Facebook's rebranding as Meta Platforms (NASDAQ: FB) -- which reflected its focus on that market -- also caused more companies to jump aboard the buzzword bandwagon.
The exact definition of the metaverse continues to evolve, but it mainly focuses on the convergence of augmented (AR) and virtual (VR) reality technologies. Digital payments, cryptocurrencies, and non-fungible tokens (NFTs) could also be used to fund new economic ecosystems within these virtual worlds.
Meta and Roblox (NYSE: RBLX) are both considered promising plays on the metaverse. However, one tech giant which is often overlooked in those conversations is Nintendo (OTC: NTDOY), which already owns all the building blocks for a massive metaverse business. Here are four reasons why Nintendo could be a great metaverse stock.
Source Fool.com
