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How to Invest In the Metaverse: A Step-By-Step Guide

<br><br>Several million-dollar real estate deals this year have put the word 'metaverse' on the tips of our tongues. The metaverse is a virtual world that users can explore using custom avatars. It extends beyond games and allows visitors to virtually interact and experience various activities in real time. Experts believe that the metaverse now represents a unique $1 trillion revenue opportunity.<br>

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How to Invest In the Metaverse: A Step-By-Step Guide

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  1. How to Invest In the Metaverse: A Step-By-Step Guide

  2. Several million-dollar real estate deals this year have put the word 'metaverse' on the tips of our tongues. The metaverse is a virtual world that users can explore using custom avatars. It extends beyond games and allows visitors to virtually interact and experience various activities in real time. Experts believe that the metaverse now represents a unique $1 trillion revenue opportunity.

  3. How to invest in Metaverse • There are three ways you can invest directly in the metaverse: • Buy Metaverse Tokens • Buy non-fungible tokens (NFTs) in-game • Buy virtual land in the metaverse (also sold as NFTs) • Let's dive into how you can invest in the metaverse with two easy steps:

  4. Step 1: Create a crypto wallet (common to all) • Every purchase, just like physical merchandise, requires a wallet full of money. You need to create a crypto wallet and load it with currency for investments in the metaverse. • For the purchase of metaverse tokens: WazirX, CoinDCX and CoinSwitchKuber are the most popular options in India. • For NFT purchases: The most popular crypto wallet globally is MetaMask. Coinbase and Binance are also good options. Most NFTs are based on Ethereum, so it is best to buy the cryptocurrency ether (ETH) with your traditional currency. • Verify your identity to validate your wallet by completing Know Your Customer (KYC) formalities.

  5. Step 2: Open an account on the platform of your choice • Buy Metaverse Tokens – The easiest way to get these tokens is to head over to crypto exchanges like WazirX or CoinDCX and use your coin-loaded wallet to buy the tokens directly. Among the most sought after metaverse tokens are MANA, the native currency of the Decentralandmetaverse; SAND, the currency of the Sandbox metaverse, and AXS, the native currency of the Axie Infinity metaverse. • Buy NFTs in-game/virtual land ownership: You will need to create an account with the game you want to make purchases in and connect your crypto wallet to your account. For example, log in to Decentraland for virtual real estate, Axie Infinity for characters and terrain, Sandbox to buy/sell artistic creations, etc. • You can create an account with OpenSea if you want to access all NFTs on a shared market for convenience.

  6. Step 3: Select the NFT you want to buy and make the payment • If you browse any of the above platforms, you will notice that NFTs do not have a predetermined selling price. One must bid on it and beat all other bidders to gain ownership of the NFT. The NFT payment is then quickly processed through the wallet you created and filled with crypto in Step 1. • You have to remember that there are pros and cons to buying from a main market (Decentraland, Axie Infinity, Sandbox, etc.) and from the secondary market (OpenSea, etc.). An metaversenft in the main market will inevitably have a higher resale value. However, it is more difficult to estimate its true value in the primary market. It is because you can compare the price of one NFT with that of others on the secondary market that displays all NFTs on a common platform.

  7. Invest in metaverse indirectly • You can also invest in the metaverse through these indirect ways: • Buy Metaverse Associated Stocks: Stocks of organizations that actively participate in the development of the metaverse are Metaverse Associated Stocks. Organizations could be involved in the production of virtual reality (VR) glasses, networking technologies, 3D rendering applications, etc. Popular stock options include Apple, Facebook, NVIDIA, Roblox, and Unity. These shares can be purchased through brokerage houses or metaverse ETFs (Exchange Traded Funds). • Invest in Metaverse Index (MVI): Like stock market indices that capture trends in the nation's best-performing companies, the metaverse index captures trends in entertainment, business and gaming that are moving into the virtual universe. It is currently trading at $225.86. The MVI reduces the risk involved in buying metaverse tokens as the volatility decreases significantly. The MVI encompasses the trends of all the highest performing metaverse tokens out there. • The metaverse is continually evolving and many developments are still in the works. We are witnessing a massive transition from the physical world to the virtual world. While the potential is huge, it is advisable to do your research thoroughly before making any significant investments.

  8. About Us • BNBMETA is a community-driven platform where everyone can monetize ASSETS and metaverse experiences on the Binance Smart Chain. • Website - https://bnbmeta.net/

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