Metaverse stocks have quickly become one of the most widely followed financial trends, and have become a hot topic on Wall Street. The metaverse is more than just a catchphrase. It's a shared online space where physical and virtual realities collide. Those who participate in video games such as Roblox and Fortnite, as well as those who own NFTs and cryptocurrency, are part of this new virtual experience. Popular dating apps, virtual and augmented reality platforms, and even social media are examples of metaverse spaces. If you're curious about this investment option and want to add metaverse stocks to your portfolio, these picks will help you get started.
$MTCH Match Group, Inc.
Match Group is an online dating service provider. The company went public in 2015 and was owned by IAC/InterActiveCorp until it was spun off in the second quarter of 2020. Tinder, Match.com, OkCupid, PlentyOfFish, and Meetic are among the many online dating service providers in the company's portfolio. Match Group operates more than 45 brands of online dating sites and/or apps, from which it earns 95 percent of its revenue through user fees and advertising 5 percent.
$ANET Arista Networks Inc.
Arista Networks is a networking solution software and hardware provider. Operating as a single business unit, software, switching, and router products are aimed at high-performance networking applications, while technical support generates revenue. Data centres, enterprises, service providers, and campuses are among the customer markets. The company is headquartered in Santa Clara, California, and the majority of its revenue is generated in the Americas. It also exports to Europe, the Middle East, Africa, and the Asia-Pacific region.
$STX Seagate Technology Holdings PLC
Seagate is a leading provider of enterprise and consumer hard disc drives for data storage. It shares a market duopoly with its main competitor, Western Digital because they are both vertically integrated.
$ADSK Autodesk Inc.
Autodesk, founded in 1982, is an application software company that serves the architecture, engineering, construction, product design and manufacturing, and media and entertainment industries. Autodesk software meets these industries' design, modeling, and rendering needs. In 180 countries, the company has over 4 million paid subscribers.
$RBLX Corporation Roblox
Roblox is a video game platform that allows young gamers to create, develop, and monetize games (or "experiences") for other players. The company effectively provides a hybrid of a game engine, publishing platform, online hosting and services, marketplace with payment processing, and social network to its developers. Roblox controls the platform, which generates revenue in multiple places while benefiting from outsourced game development. Unlike traditional video game publishers, Roblox is more concerned with developing new tools and monetization methods for its developers than with developing new games or franchises. Roblox is increasingly focused on developing a "metaverse" that extends beyond games to include experiences such as concerts, education, and even business management.
The metaverse might be the next big element in the stock market, and you should get on board sooner rather than later. If you want to dabble in the metaverse stock market, the options listed above are a good place to start. Most have proven track records in the physical world and appear to be well-positioned to lead the transition to the virtual.
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