Start your Investment Journey in metaverse today

Start your Investment Journey in the Metaverse Today!

What is the Metaverse?

Simply put, the metaverse is a visual world that users can explore using their own avatar. Imagine a digital representation of yourself living your daily life in a 3D virtual environment. Metaverse extends beyond games and allows visitors to engage and experience a variety of activities in real-time. Experts believe that the metaverse now represents a unique revenue of $ 1 trillion.

From meeting a colleague to studying on a digital campus, it all happens in Metaverse!

Fundamentals  of Investing in the Metaverse

There are three ways to invest directly in the metaverse:

• Buy metaverse tokens
• Buy free in-game tokens (NFTs)
• Buy visible land in the metaverse (sold as NFTs)

The first step for investing in any platform is to create a specific wallet. Create a crypto wallet and load it with currency for investing in the metaverse.

Recommended wallets for:

What to do after creating a Wallet?

After completing the first step of your investment journey, you will need to open an account with a platform of your choice.

• The most direct and cheapest way to invest in Metaverse is to invest in Metaverse games such as Sandbox (SAND), Decentraland (MANA), and Ax Infinity (AXS). To purchase these company funds you can simply log in to crypto exchanges like Binance and buy them.

Among the most sought-after metaverse tokens are MANA, the Decentraland metaverse currency; SAND the Sandbox metaverse currency, along with the AXS, the traditional Axie Infinity metaverse currency.

• Apart from crypto, there are a few closely related Metaverse shares such as Meta (FB), Roblox (RBLX), and Matterport (MTTR) where each company has its own unique prospect.

• There is also an easy way to own all Metaverse-related shares which are to invest in the Metaverse ETF (META), the ETF owns the above three shares and will update its stocks regularly with the company's development and confidence over time. The ETF charges 0.75% of the administration fee but can save investors a lot of time and work.

If you browse through any of the above forums, you will notice that NFTs do not have a predetermined selling price. One has to bid and win against all the other applicants to gain NFT ownership. Paying for NFT is then quickly processed by the wallet you have created and filled with cryptocurrency.

You have to remember that there are pros and cons to trading in the primary market area (Decentraland, Axie Infinity, Sandbox, etc.) and the secondary market (OpenSea, etc.). NFT in the primary marketplace will definitely have a high resale value. However, it is difficult to estimate its real value in the main market area. This is because you can compare the price of one NFT with each other in the secondary market showing all the NFTs in one commonplace.

Conclusion

The metaverse is growing steadily, and more progress is yet to come. We are seeing a dramatic change from the physical world to the virtual world. Although the power is vast, it is advisable to do some research before making any significant investment.