How to invest in the metaverse for beginners

Mar 08, 2022

What is Metaverse?

Metaverse is the technology behind a virtual universe where people can shop, game, buy and trade currencies and objects and more. Think of it as a combination of augmented reality, virtual reality, social media, gaming and cryptocurrencies.Grayscale, a leading crypto investment giant, published a 19-page report on the metaverse and detailed how it is a trillion-dollar market opportunity. The paradigm shift to Web 3.0 and the metaverse could see the disruption of Web 2.0 companies.

What Are Metaverse Coins?

Metaverse coins are a unit of virtual currency used to make digital transactions within the metaverse. Since metaverses are built on the blockchain, transactions on underlying networks are near-instant. Blockchains are designed to ensure trust and security, making the metaverse the perfect environment for an economy free of corruption and financial fraud.

What's the Metaverse Like Right Now?

The paradox of defining the metaverse is that in order for it to be the future, you have to define away the present. We already have MMOs that are essentially entire virtual worlds, digital concerts, video calls with people from all over the world, online avatars, and commerce platforms. So in order to sell these things as a new vision of the world, there has to be some element of it that's new.

How to invest in the metaverse for beginners

With cryptocurrencies as the main form of payment inside the Metaverse, investors can gain exposure to the virtual world this way. Blockchain and NFT��s will verify ownership and act as contracts for everything from virtual land to concert tickets. MANA currently has a market cap of $4.11 billion and at the time of this article is trading for $2.25. As mentioned, it is one of the more popular projects and is built on the Ethereum network.

Where To Buy Metaverse Coins:

Binance

The world's crypto exchange.

Coinbase

Easiest place to buy and sell cryptocurrency.

Bitfinex

The home of digital asset trading.

FTX

Cryptocurrency Derivatives Exchange.

Disclaimer: Cryptocurrency investment is subject to high market risk. TOPSINCRYPTO is not responsible for any of your trading losses. The opinions and statements made above should not be considered financial advice.