How to invest in metaverse?

1. Metaverse-abstract idea:

Metaverse means a virtual world. Imagine the ciry of Patna or New York in a virtual form. You have real estate, restaurants, clubs, hotels etc. In coming days metaverse is going to be a buzz word and those who understand this can catch the train early.

2. Practical example:

To give you an idea, take example of few projects:

Decentraland: Decentraland (MANA) is one metaverse blockchain project that acquired popularity in very less time.In Decentraland there are different type of activities which one can do: from meeting new individuals, to shopping, playing games, investing in reale estate etc

A Decentraland art gallery. IMG SOURCE — https://cointelegraph.com/news/dc-comics-artist-launches-vr-exhibition-in-decentraland

Another example is Shibaverse. Here real estate in terms of residential and commercial plots ate available for purchase, shib baloons as asset are there and school, college and universities are being built around. Thus a vibrant community is in making.

3. Benefits of Metaverse:

The benefits in investing in metaverse is same as investing in crypto. It comes with high risk and big rewards. People who invested in decentraland in its early days have become millionaires in a short span of time. Hence investing in a good metaverse project is a prudent financial decision.

4. How to invest in Metaverse:

There are two aspects which need to be dealt:

a) Choosing the right projects:

For this, one should look for the fundamentals of project, its theme, concept and then take a decision. There are good chances that some of the project might underperform or fail altogether hence you need to spend a good time in evaluating the strength of project.

b) Technical aspect:

This deals with the actual investment part

Suppose there is a new crypto project. For example, there are many metaverse theme projects being launched which are based on blockchain technology and use either Etherum network or Binance Smart Chain ( BSC). Any such projects would be based on these blockchains, would be having a token currency at its heart and then will launch certain projects in meta verse. To illistrate the point, take example of Shibaverse. Apart from shiba coin there is a separate metaverse project called shibaverse which uses verse coin as a token currency and has many real esate projects in metaverse.

Get details about this project here (http://www.shibaverse.io)

To invest in such metaverse projects you need to buy their token currency. In case of shibaverse project you need to buy shibaverse coin ( Get details of this coin at Coin Market cap, link given below).

https://coinmarketcap.com/currencies/shibaverse/

You will not get this cryoto currency at Wazirx, Binance or other traditional crypto market exchange because they have not been launched yet on these exchanges. Thus, for an early investment in such budding metaverse projects you need to buy their tokens on Ethereum network or BSC network. To do that you need a crypto wallet. Hence the need to have a metamask account.

Here you can see the various options available at Shibaverse site for investing in this project. You can get the details of other projects on their official site:

5. Should you invest?

There is a good possibility of having a high returns. But not all projects will give you returns. Hence you need to do your own analysis. One must see the concept of project, active holders, future plans and then make a decision. The best way to start evaluating a metaverse project is to read its “White Paper”. Then one should analyse the project through platforms like Coin Market Cap and other tech experts.

There is definitely high return if you invest in right project at right time. Below is a screenshot of MANA price trend since its inception. The returns have been more than 10000% for people who invested in its early days.

NOTE: This article is only supposed to be informational in nature and is not intended to advise you for investment in any particular project. Readers are expected to do their own analysis before investing in any such projects.