Investors Should Buy the Dip on This Metaverse Stock While It's Down 76%

The markets have seen plenty of volatility in the wake of record-high inflation, corresponding interest rate hikes, and global economic impacts traceable to the war in Ukraine. High-growth companies in early-stage industries have been particularly vulnerable, including those focused on the development of the metaverse.

The metaverse is still in its early stages and the digital worlds being created with new technologies and plenty of computing power have the potential to disrupt an assortment of industries, including gaming, sports, real estate, media, retail, and fashion, among others.

This combination of market volatility with a young, growing, potentially vast industry, has led to certain stocks with promising opportunities seeing their share prices plummet for no solid reason other than being caught up in the broader sell-off. For example, one such company is poised to benefit from the metaverse revolution as well as being poised to benefit shareholders who buy in while shares are trading down 76% year to date.

Source Fool.com