The recent Analytics Insight report has a bullish target for the industry, although it pales in comparison to others which have been as high as in the trillions of dollars. Still, the estimate sees the industry growing by a CAGR of 47% over the next five years, something that should not be ignored by investors.
Which stocks will take us there? Metaverse stocks are likely going to be separated into builders and adopters. The companies currently building the hardware and infrastructure for the Metaverse include NVIDIA (NASDAQ:NVDA), Meta Platforms (NASDAQ:META), and Microsoft (NASDAQ:MSFT). Not a bad trio to be building out the next iteration of the internet as we know it.
Adopters are companies that are going to benefit from the existence of the Metaverse. Brands like Nike (NYSE:NKE), JPMorgan (NYSE:JPM), and SFLMaven (OTC:SFLM), who have all established presences in the Metaverse already. These companies will become somewhat synonymous with the space and see sympathetic growth to the broader Metaverse industry.
SFLMaven is an intriguing company that is not quite as well established as the other stocks mentioned earlier. Still, it is disrupting the NFT space in the Decentraland Metaverse and is currently in discussion to create its first lines of NFT-based jewelry that in-game avatars can wear. It’s not a traditional way of thinking about the Metaverse but perhaps this shows the breadth and flexibility of the space. Will you choose to invest in builders or adopters?
Featured: $NVDA $META $MSFT $NKE $JPM $SFLM
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