The Metaverse is expected to be an interactive, immersive, highly engaging experience where people interact virtually and where all orders of life can be emulated in 3D and are interoperable between different Web2 and Web3 protocols.
The Metaverse is built around the vision of what decentralized blockchain networks are capable of crafting for the world. Many believe that by holding the basic building blocks of Web3 — namely fungible and non-fungible tokens (NFTs) — is the prime way to invest.
While NFTs are a key method for owning a verifiable piece of the Metaverse, there also exist other ways one can speculate in the Metaverse.
NFTs may represent real world items, and offer a new form of ownership based on cryptographic, distributed consensus algorithms which empower individuals and ultimately form a pure free market to trade within.
One way to start investing in the Metaverse is by prospecting with virtual land in Dapps such as Decentraland. The virtual property has some lucrative opportunities available and continues to expand, having collected the attention of major names and brands. Decentraland played host to the Metaverse Fashion Week, and buying a plot could see major valuations in the future, as plot owners develop digital real estate and digital spaces on top. The Sandbox is another important Metaverse project, and crypto gaming and PFP NFTs (avatar assets) are at the forefront.
Investing in public companies that are invited in the Metaverse is another option. Businesses which are actively engaged in building Web3 products and attendant services are a great start. Meta (formerly Facebook) is crafting their vision for the social blockchain network of the future, and companies like Microstrategy are purchasing Bitcoin and holding MSTR stock gives investors indirect exposure to the crypto market.
A collection or “bucket” of managed, tradable assets, known as an index fund, is another option as funds such as Ball Multicoin Bitwise Metaverse Index now offer investors a chance to own a curated, diversified collection of some of the most important crypto assets which are tied directly to the next generation internet (i.e. the top Web3 projects and protocols).
As always, we encourage you to visit Luxfi.io and learn more about our project. The opportunities to invest in the metaverse are just beginning to present themselves and it is clear that Web3 marketplaces as LuxFi can and will succeed in changing the way we buy, sell and invest in luxury assets using blockchain-backed assets.
LuxFi is the world’s first asset-backed NFT marketplace for luxury assets, where people can buy, sell and invest in luxury assets using cryptocurrencies and traditional payments. We eliminate counterfeiting while minting an NFT on a multi-chain blockchain network, with a focus on luxury assets that hold value well and have a high resale value. Leveraging our big data intelligence system and unique algorithm for automated data collecting and data processing, the value of each NFT on our platform is backed by real-world data.
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