With the emergence of the global epidemic, people’s dependence on the Internet has become stronger and stronger, and a large number of residents living at home have begun to migrate from real life to the Internet. It is for this reason that the metaverse has become a hot spot, and its development depends on the maturity of various virtual technologies, which provide basic support for the development of the metaverse.
As far as the current state of economic development is concerned, the trend of integration of the Internet and the economy will become more and more obvious in the future. Not only our family life, but also work, consumption, and entertainment may have the phenomenon of the integration of the virtual world and the real world.
At present, the research on the metaverse is still theoretical, but with the development of science and technology, it will definitely be able to make breakthroughs.
What is the current status of the development of the Metaverse?
First, the current development of the metaverse is still in its infancy.
The theory of the metaverse has just come out, and it was born with the development of 5g technology, but the potential user base of the metaverse is large. At present, most of the companies entering the Metaverse industry are Internet companies, and the projects under construction are mainly entertainment projects. For the time being, the Metaverse has not been combined with daily work.
Second, there is less competition and less pressure.
At present, although many companies are developing Metaverse-related projects, there are not many companies that focus on this project. The market is still in its infancy, and the pros and cons have not yet been determined.
At this time, the companies that come in have a high chance of becoming the industry leader in the future because of policy subsidies and widespread social attention. Metaverse is likely to become the second cross-generational product after the Internet.
All indications are that the Metaverse is one of the most promising markets in today’s economy, which means that Metaverse stocks will also benefit from this revolutionary change happening now. So if you want to make sure your portfolio stays updated, these 5 low-priced “metaverse” stocks are worth keeping an eye on.
Earlier, Meta Platforms’ Mark Zuckerberg decided to rebrand Facebook to reflect the company’s focus on virtual reality and the metaverse. Meta has committed $10 billion to metaspace development, and has acquired a number of patents related to biometric data technology from users in the virtual reality world. This could lead to a breakthrough in the metaverse as we know it today.
According to the company, “The Metaverse feels like a hybrid of today’s online social experiences, sometimes expanded into three-dimensional space or projected onto the physical world. It allows you to share immersive experiences with others even when you can’t be together. The experience of the real world — doing things together that you can’t do in the real world.”
Meta Platforms is working on two main VR areas: the Metaverse and an external gaming platform. The platform houses the company’s subsidiaries Oculus and Horizon. It plans to make money through advertising revenue streams and the commercialization of its metaspace.
META stock hasn’t traded at a valuation multiple as cheap as it is now in a very long time. At the time of writing, the social media giant trades at 13.4 times forward earnings. As such, it’s one of the great metaverse stocks to buy at a price.
The story of the metaverse could present a huge growth opportunity for Nvidia. According to CNBC contributor Keris Lahiff, “Infrastructure is the key to the metaverse. A lot of companies will build it, but most of the revenue will be generated by the companies that provide the infrastructure, and that’s where Nvidia comes in because they’re already AI and semiconductors. Leaders in the field. Their chips and algorithmic capabilities are key to the Metaverse.”
Nvidia hardware is used in computing servers, supercomputers, and artificial intelligence. It is fairly common for AI and VR experts to use their processors in their work. In the future, VR and AR will require a lot of processing power, so Nvidia’s chips will play a key role. Additionally, Nvidia has launched its own Omniverse, a “real-time 3D design collaboration and virtual world simulation platform.”
NVDA’s share price is currently extremely attractive after a fresh pullback, and at the time of writing, the chip giant’s forward price-to-earnings ratio has fallen to 45.7 times, making it worthwhile for investors considering the company’s high growth capabilities focus on.
Metaverse first Roblox has become a successful gaming platform because of its unique and creative approach to development. Roblox allows users to create worlds and play games online, the first major company to launch a public platform for this purpose.
Roblox mimics the world-building of games like Epic Games’ Fortnite and Microsoft’s Minecraft — both of which have been hugely successful in their own right. The game allows players to use currency to buy many items in the game, such as clothes or houses. “Roblox” also has partnerships with several major brands, including Nike and the National Football League (NFL).
However, as the dividends of the epidemic subside, Roblox’s growth has slowed down, which has also led to the poor performance of Roblox’s stock price this year. However, considering the long-term growth of the game industry and the fact that Roblox’s users are biased towards teenagers, the current market sales RBLX stock, which has fallen to 11.3x, remains a strong metaverse stock.
Unity is a flexible, easy-to-use 3D video game engine that can be customized to meet the needs of any designer. This allows businesses from different industries to enter the world and create new experiences for their customers. The company has recently acquired Oscar-winning Weta Digital, a special effects company. It highlights how the company is giving users capabilities similar to what director Peter Jackson achieved with artificial intelligence in The Lord of the Rings.
According to Forbes contributor Beth Kindig, “Due to its history of supporting 3D game development, the company is a perfect fit for the metaverse and industrial 3D worlds. Unity is a game engine played by over 2.8 billion active users (MAUs). Games or applications built on Unity, while Meta has 2.9 billion monthly active users. The total addressable market for games is over 4 billion MAU, and Unity serves 61% of game developers.”
Unity believes that the transition from 2D to 3D presents growth opportunities for the company, but Unity’s stock has been underperforming so far this year, however, the lower share price now provides investors with better investment value, price-to-sales ratio Currently 9.48x.
WIMI (NASDAQ: WIMI) is a leading holographic cloud platform, focusing on computer vision holographic cloud services, and is focusing on the exploration of a new generation of underlying holographic AR technology for the metaverse. Develop products that maximize the opportunities of the Metaverse.
WIMI has 195 patents related to image processing and display, model input/output, 3D modeling, 325 software copyrights, and more than 4,600 high-quality, high-fidelity holographic content. The company plans to Use its metaverse to connect virtual reality with social networking, education, entertainment and communication tools.
WIMI is actively adapting to the changing times and maintaining its position as a leader in the technology industry. With the deployment and investment in artificial intelligence, cloud computing and mixed reality, the exploration of the metaverse is just another step in the right direction for the company.
Considering the company’s technological breakthroughs in the metaverse and the fact that WIMI stock is currently trading at just 1.12 times sales, it’s one of the most undervalued metaverse stocks right now.