Metaverse stocks to invest in by 2023: The recently talked about “metaverseFacebook’s announcement to change its name to Meta Platforms brought the idea of the Metaverse to the public eye. With the Metaverse poised to be driven by many IT companies, now is an ideal time to invest in Metaverse stocks.
Tokens can be used to invest in shares of the Metaverse in addition to investing in the Metaverse through land or assets. But now, we’re looking at the top three Metaverse stocks that could benefit from the buzz around the Metaverse in 2023.
Top 3 Stocks in Metaverse:
NVIDIA
One of the major blade makers in the upcoming metaverse could be a semiconductor company NVIDIAChip Designers provide the opportunity to create and design items for the Metaverse through the platform “Omniverse”. Omniverse, a type of Metaverse, allows you to recreate any event in the real world. Nvidia partner his BMW is already doing this by simulating factory production.
give up #ExtendOmniverse Best Scene Layout Submission: “Meta Cloud Explorer (MCE)”
👏 Gavin Stevens (@usdsync) pic.twitter.com/4q84WV5bGH
— NVIDIA Omniverse (@nvidiaomniverse) September 21, 2022
However, Omniverse is primarily aimed at programmers, artists, and designers who can create digital goods for other metaverses hosted on the system. Within a few years, the market could bring him $1 billion in profits to Nvidia. Additionally, Metaverse stocks may boost demand for semiconductors and graphics cards.
Advanced Micro Devices
US-based Advanced Micro Devices (AMD) manufactures semiconductors. It manufactures and sells semiconductors without assembling them. However, AMD chips are not only acceptable in end products, they are also needed in data centers.
Is AMD an equity stake in Metsverse? Indirectly. Still, AMD makes a lot of money from (virtual) mining. Mining activities require the company’s products, and sales increase as mining interest grows. In 2023, AMD could serve as the ‘shovel maker’ of the metaverse.
Match Group (MTCH)
With over 60% market share, Match Group (NASDAQ: MTCH) dominates the online dating industry. It has a sizeable portfolio of assets in the industry and its dominant position allows it to scale up and down with ease. Additionally, the company generates free cash flow equivalent to 28% of sales.
Match made headlines last year after announcing it would create a dating metaverse and cryptocurrency. The company’s primary dating app, Tinder, addresses the evolving dynamics of online dating by focusing on virtual encounters rather than encouraging people to form relationships offline. did.
Conclusion
The future of the stock market could be in the metaverse and now is the right time to join the group as soon as possible.
Also read: 2022 could be the biggest year for the Metaverse
The content presented may contain the author’s personal opinions and is subject to market conditions. Do market research before investing in cryptocurrencies. The author or publication accepts no responsibility for your personal financial loss.
