I want to become a millionaire in 2023. How much should I invest in the metaverse?

invest in the metaverse

Metaverse has become a juggernaut in investor circles mostly because the metaverse has become a buzzword synonymous with the future and growth.

In our opinion, there is some merit to these claims – as evidenced by the gradually growing acceptance and exploding market value.

If you’re wondering how to invest in the metaverse, we’ve developed this simple guide for you.

What are the metaverse investment opportunities?

Metaverse is probably the most hyped-up product in recent times. Tech giants are competing to take hold of the first complete metaverse and define the experience for everyone that follows.

Until that happens, the metaverse is scattered into various entities –small metaverses, each with its own rules.

Despite all the nuances and differences, each metaverse has some commonalities— parcels of Land, games, stocks, and NFTs. You can invest in any of these and expect good returns. All you need to do is find a stable metaverse that is growing steadily and adding new users.

Invest in Stocks

The most straightforward answer for those who’re not sure what the metaverse is and don’t want to be involved in the metaverse technicalities. Public companies like Meta, Google, Microsoft, and NVidia, among many more, are investing in the metaverse.

If you buy their stocks, you indirectly partake in building the metaverse. And as their metaverse projects grow, your stock would also grow.

This type of investment is very good for people who want a steady return on their investments without much risk.

You can invest in

  • META
  • NVidia
  • Microsoft
  • Unity Software
  • Matterport
  • Roblox

All of the mentioned companies are huge on their own. So investing in these is a relatively safe bet. You can look forward to steady albeit low returns on your investments from buying these stocks.

Safe is the opposite of risk, and investors make huge sums on their investments by taking risks.

Invest in NFTs

If you’re someone who can tolerate high-pressure investments with huge risk/reward ratios, investing in NFTs might be for you.

NFTs have had a rough patch recently. This can be attributed to their misunderstood potential combined with people flocking with minimal to no research. But NFTs are here to stay because these are the building block of the metaverse.

For example, XANA has LAND, XANA Genesis, Games (like NFTDuel and related NFTs), and much more – all available as NFTs. Without these, the metaverse wouldn’t exist. So NFTs are essential; we just need to understand their value and invest carefully.

If you invest in a stable metaverse, like XANA, The Sandbox, Axie Infinity, etc., you can make 10x the amount you invested.

But the crypto market, where NFTs are traded, is still volatile. Rates could go up one day and come crashing down the next.

So do thorough research before you invest in NFTs. Positive signs to look for while investing in NFTs are

  • How stable the associated metaverse is.
  • The number of active users on the metaverse.
  • Recent sales effort by the company and its results.

Association with big brands and influencers is a plus.

Invest in Land

Land NFTs warrant their own category. Because Land is probably the most versatile NFT one can find. You can:

  • Rent it.
  • Resale it.
  • Build infrastructure.
  • Host events.
  • Showcase your NFTs.
  • Advertise for big brands.
  • Charge visiting fee.

And do so much more – just by buying a parcel of Land in a metaverse. XANA land NFT comes with a builder tool. You can use it to create anything you want without any physical restrictions.

Invest in Metaverse Games

Have you heard of people investing in online games? There are two types of investments for games.

One investment is to help build the game itself. You can provide funding for the development and take royalty from all the sales/profits made by the metaverse games. Another way to make money from metaverse games is to participate in them and earn your share through gameplay.

You can buy in-game assets (also NFTs) and strategize to increase their value. You can do this by playing the game and exchanging NFTs whenever it seems appropriate – like an intelligent businessman.

So how much should you invest in the metaverse?

There’s no single answer to this question. If you want to be a metaverse millionaire, you have to invest money and time. Keep your eyes peeled and look for windows that help you quadruple your investments. But always have a safety net in place. If you can, diversify your investments.

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About the Author: John David

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