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Home Startup Fintech 5 Lucrative Metaverse Stocks You Can Buy in Nigeria in 2022 
Fintech - January 15, 2022

5 Lucrative Metaverse Stocks You Can Buy in Nigeria in 2022 

Mark Zuckerberg, the founder of Facebook, defines the Metaverse as a virtual world where individuals may connect, work, and play. He believes it is the internet's future. 

In just a few days into 2022, most companies have experienced a major surge in their market cap. As a result, this has brought about a substantial return on investment to their investors. 

These profits on the investments didn’t just happen in one day, most of it had a long-term duration. There are several lucrative marketplaces you can invest in this year to secure a long-term profit, and Metaverse stocks is one of them.

Mark Zuckerberg, the founder of Facebook, defines the Metaverse as a virtual world where individuals may connect, work, and play. He believes it is the internet’s future. 

This virtual world is receiving a lot of funding. A block of land on Decentraland was sold for $2.4 million, while another property in The Sandbox Metaverse was sold for $4.3 million. 

Investors who believe the Metaverse will grow in value are pouring money into companies that are constructing it.

According to proponents of the Metaverse, we will be able to mingle as well as purchase and trade clothes, vehicles, even cannabis in this virtual environment. 

Here are 5 lucrative Metaverse stocks you can buy in Nigeria in 2022. These stocks can be bought on any Nigerian stock trading app or websites like Bamboo, Trove and FXTM. 

Nvidia (NASDAQ:NVDA)

It’s one of the best gaming stocks on the market. It’s also a top Metaverse stock, both now and in the future.

While many businesses are vying for a piece of the Metaverse, Nvidia has already launched a profitable product. The company’s Omniverse platform allows for virtual 3D design collaboration and simulation. Omniverse is used by a variety of customers, including manufacturers, engineering organizations, and game developers.

Nvidia’s graphics processing units (GPUs) should be in high demand in the long run as the Metaverse takes shape. Only few businesses can match with Nvidia in terms of virtual reality app power.

Meta Platforms (NASDAQ: FB)

Meta Platforms changed its name from Facebook since the Metaverse is so vital to the company’s future. 

Mark Zuckerberg had publicly declared that the goal of his company is to help deliver the Metaverse to at least 1 billion people. 

Only a few companies have the capacity to focus on the full Metaverse ecosystem, including Meta. To make the Metaverse a reality, it’s working on an operating system, e-commerce architecture, social network, and augmented reality/virtual reality gadgets.

Tencent Holdings (TCEHY)

Tencent is looking into the Metaverse’s possibilities. Tencent President Martin Lau claimed the Metaverse is a vague idea during the company’s Q3 2021 conference call. Tencent has the technology and know-how to create products that take use of the Metaverse’s potential. The firm, for example, has developed games and social networking experiences.

Tencent is well-positioned to deliver the Metaverse to users by combining its social network, games, AI capabilities, and hardware server architecture. In Asia, it is a major player. Exposure to significant growth in this geographic area will benefit investors.

Tencent has a lot of money and resources to put into the Metaverse. Investing in research and development, as well as acquiring or collaborating with businesses, are all examples of this.

Metaverse Stocks to Buy: Roblox (RBLX)

Roblox is a popular social gaming platform with a large user base. The company’s daily active users increased by 35% year over year to 49.4 million in November. The number of hours spent engaged increased by 2% year over year to 3.6 billion.

Users can play Roblox games on Facebook’s Oculus Quest. This indicates that virtual reality will undoubtedly play a role in gaming and the Metaverse in the future. RBLX stock is perfectly priced at its current level. It is susceptible to a valuation correction, much like the other stocks. Investors are unable to time the market or predict the optimal time to buy a stock. Roblox’s growth rate shows no signs of slowing down.

Unity Software (NYSE: U)

Unity Software is a Metaverse stock that is believed to double in value by 2022. More than 70% of the top 1,000 mobile games have been created using its technologies. Unity believes that its platform will generate a similar amount of Metaverse content.

The Metaverse will not, however, be built solely by programmers. Artists will also be heavily involved. With the acquisition of Weta Digital, Unity is now better positioned to meet their needs.

You may not be familiar with Weta, but you’ve most likely seen its work. Many TV series and movies, like Game of Thrones and The Lord of the Rings, have used the company’s platform to create visual effects.

 

READ ALSO: 3 African Companies We Already Know will Help Build Facebook’s Metaverse

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