Increasing confidence in the new metaverse markets seems to be solidifying some new investment opportunities across the sector. eToro brokerage company introduced MetaverseLife, a new smart portfolio that covers stocks and crypto-assets from within the budding metaverse sector, on January 11. The firm said that its goal is to provide a majorly diverse range of investments made for long-term exposure.
Some of the stocks that feature in this portfolio include Meta Platforms, the new parent company behind Facebook, Roblox, and several other blockchain-based metaverse developments like The Sandbox, Decentraland, and Enjin.
Several firms are listed in this portfolio that is not entirely blockchain-based but have still managed to contribute to metaverse adoption and development. They include tech companies like Amazon, Microsoft, and Nvidia.
The head of investment portfolios at eToro, Dani Brinker, said:
“When evaluating the investment opportunity of emerging industries, diversification is key as not everyone involved will be a winner.”
As the metaverse sector continues growing, he said that there was some value in creating a centralized portfolio to lower the entry barrier for the investors. Brinker added:
“By packaging up a selection of assets in a portfolio, we’re doing the heavy lifting and enabling our customers to gain exposure to the metaverse and spread the risk across a variety of assets.”
Based on Bloomberg’s analytics, the metaverse might become an $800 billion market by 2024. The firm said that it is investing most of its resources into the development of assets that will be used to support the investors’ interests in these projects. For now, the resources have gone towards listing The Sandbox (SAND) as an asset on its platform and plans for several future land purchases.
The director of Global Crypto Solutions at eToro, Tomer Niv, stated:
“eToro is a crypto pioneer with an established track record of embracing new technologies for the benefit of retail investors. We are excited by the opportunities offered by the metaverse.”