financialtreat – will explain about How to Invest in the Metaverse easily which you will get in the following article. let’s look at this article carefully!
The Metaverse is getting more and more crowded with investors. moreover, in duni it is often associated with Cryptocurrencies which are considered a way of gaining money. Well, this time we will discuss How to Invest in the Metaverse, let’s see more.
Before we discuss How to Invest in the Metaverse, there are important things for you to know first. This metaverse is a three-dimensional virtual space that is also called a virtual universe. Now for you to get to know more about the metaverse, take a good look at the good review below.
Get to know the Metaverse and Metaverse Investment
Meteverse is a variety of investment instruments in the metaverse are cryptocurrencies. Because cryptocurrencies are becoming utulity tokens in the new world.
Meanwhile, non-fungible tokens become tokens intended specifically for virtual collectibles. Although it is considered to be able to provide short benefits, this investment also has a high risk.
Metaverse Terms for You to Know
• Virtual World
Virtual world is an environment that can be accessed and explored by its users simultaneously through the use of avatars. Virtual world or in this virtual world Indonesian allows users to do things like build and change the world.
• Virtual Reality
Virtual reality is an experience presented from a VR headset that projects images, sounds, and other sensations to users in a virtual environment. VR itself is currently used for video games. A person who uses VR can do things like seeing in a virtual world, moving, and interacting with objects and other users.
• Mixed Reality
Mixed reality is a blend of the real and virtual worlds to create new ways to interact with digital objects and other users. An example of mixed reality is the concept in Pokemon Go, where users can see the Pokemon they find in the real world through their smartphone camera. Mixed reality has apps for video games, education, military training, healthcare, and human and robotics integration.
• Augmented Reality
Augmented reality features real and virtual world integration, real-time interactions, and 3D visualizations of virtual and real objects, for example to allow shoppers to visualize the products they want in an environment that resembles their home. Augmented reality upgrades the real world through digital sensory additions such as visual, sound, sensory data, or olfactory data.
• Virtual Economies
The term virtual economies or virtual economy was first used as an exchange or sale of virtual goods in online games, especially multiplayer games. In some games, players can transact with each other by exchanging real currencies.
Virtual economies can now also combine cryptocurrency technology and non-fungible-tokens (NON-Fungible-Tokens). Many believe that social media companies and other companies might create their own virtual currencies in the future, although regulations may limit their capacity to do so.
Through more interesting experiences that have never been offered before, of course, the Metaverse offers opportunities and opportunities for many companies to introduce their industries in a more effective way, such as promotions, offering products or services, connecting with colleagues, and others.
This opportunity can make it easier for companies or individuals to invest in each other. If you already know the Meteverse then whether this Cryptocurrency has an effect in this metaverse we will give an understanding of Cryptocurrency, let’s see more details below.
How to Invest in the Metaverse: What is cryptocurrency?
Cryptocurrency or cryptocurrency is a digital currency that is not available in physical form. It is invisible, but it has value, and all its transactions are recorde in the blockchain technology system (block chain), the security of which is very difficult to hack, since this technology is almost impossible to fake.
List of 5 Metaverse Coins That International Markets Are Already Familiar With
• Axie Infinity (AXS)
AXS is basically a blockchain-base game that is quite popular in 2021. To be able to play this game, players must have an Axie or character in the form of a digital pet in this blockchain game.
This Axie is an NFT that gamers can buy and trade. Axie has one of the largest market caps of all metaverse cryptos, with a value of over 5 billion US dollars with a YTD (Year to date) performance of -20.91 percent.
• Sandbox (SAND)
Sandbox is one of the metaverse coins that is quite popular in 2021 and has experience a surge in price. The Sandbox was launche in 2011 by Pixowl, a game studio. This blockchain-base platform combines two things, namely cryptocurrencies and games.
• Decentraland (MANA)
Decentraland is a virtual reality platform powere by the Ethereum blockchain. A group of developers from Argentina launche it in 2016.
Everything on Decentraland is AN NFT, including commodities, clothing, and especially real estate calle LAND which is bought using MANA coins. Properties owne in Decentraland can be rente out to people and make money.
Read more financial independence:
- Investing From a Young Age to Achieve Financial Independence
- What Are The Facts About Life Insurance? Let’s Learn It Together!
• Floki Inu (FLOKI)
Floki Inu is a coin that has a low price and is include in the category of new types of cryptocurrencies. Even so, Floki was brave in creating big breakthroughs. Finally, Floki partnere with tech company TechTree and announce its success in building the Premier Crypto Educational platform Floki University.
• Highstreet (HIGH)
Highstreet World Coin is a decentralize metaverse of Play-to-Earn MMORPG Games where brands, both conventional and crypto, can leverage the marketplace to integrate and build their presence in the digital world.
This concept relies directly on the current e-commerce system, players buy physical products for use in games, but also have the opportunity to redeem goods in real life.
Getting to Know the Characteristics of Legal Crypto Investment
Characteristics of illegal crypto entities to know about:
- Does not have permission from the Commodity Futures Trading Supervisory Agency (Bappebti)
- Offers the sale of crypto assets with the lure of fixe returns and tends to be tempting
- Marketing crypto assets through crypto assets through tiere marketing schemes or better known as member get member The characteristics of illegal crypto entities that must be known:
Along with the increase in crypto buying and selling transactions, the number of fraud cases has also increase. This risk of fraud can occur if investors do not have basic knowledge of this relatively new investment model.
What’s more, beginners generally know crypto only as a land to earn huge profits without knowing the risks. Four schemes that fraudsters use in crypto investing:
- Developers offer crypto assets that rely solely on price spikes and ignore their usefulness.
- Crypto asset developers can easily abandon their projects and carry away investors’ money
- Stealing assets through physical stores (exchanges)
- Offers a trading business app to raise funds
How to buy Metaverse shares
Metaverse shares, like any other stock, can be purchase through intermediaries. A financial advisor can help you choose assets and make transactions if you are new to investing. For the most part, the process of investing in metaverse shares is the same as that use to support other forms of stocks:
1. Do your research
A good rule of thumb for investing safely and profitably is to learn everything there is to know about an item before you buy it. Never invest in anything you don’t fully understand.
Take the time to read about the company’s revenue, sales growth, product offerings, and forecasting future revenue after you decide to buy metaverse shares.
2. Account opening in a brokerage company
To get metaverse shares, you need a brokerage account, which you can open online. Do some research before you sign up if you don’t already have one. Popular alternatives include Fidelity ad Charles Schwab.
3. Make a deal
To fund your account and make trades, follow the specific instructions provide in the interface of your brokerage account. You will usually access the trading form by clicking on the “Trade” button and then selecting the “Buy” option.
You will enter the name or symbol of the metaverse shares you want to acquire, followe by the share command to complete the transaction. Your broker should offer comprehensive instructions, but consult a financial expert if you’re not sure how to get starte.
That’s the explanation of How to Invest in the Metaverse. The information above is important for you to know, if you really want to invest or to play Metaverse. If you can take advantage of the opportunity then you can get the benefits.