Included in the portfolio are metaverse developers Meta Platforms (Facebook) and Roblox but also include blockchain-based metaverse platforms such as Decentraland, Sandbox and Enjin.
Brokerage firm eToro announced the launch of its metaverse themed smart portfolio, MetaverseLife. The new portfolio is aimed at offering investors long-term exposures to stocks and crypto-assets within the metaverse industry.
“As the ultimate frontier between the real and virtual worlds, the metaverse represents the most likely evolution of the internet in the coming years,” said eToro head of investment portfolios Dani Brinker said in an 11 January statement.
The concept of the metaverse refers to a single virtual ecosystem where people can interact with one another as they would in a physical setting. The development of the metaverse has seen growing interest in recent months with Facebook’s rebranding to Meta as one example of the push to create an immersive ecosystem.
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Included in the portfolio are metaverse developers Meta Platforms (Facebook) and Roblox but also include blockchain-based metaverse platforms such as Decentraland, Sandbox and Enjin. Traditional tech firms like Microsoft, Amazon and Nvidia, which will contribute to spread and adoption of the metaverse are also included in the portfolio.
“When evaluating the investment opportunity of emerging industries diversification is key as not everyone involved will be a winner,” said Brinker. For people who don’t have the time to research the ongoing developments of the industry, the market may seem overwhelming, Brinker said.
“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,” he added.
He added that while still in its early stages of development, the industry could become an $800bn market.
Tomer Niv, director of global crypto solutions at eToro said “We are incredibly excited by the opportunities offered by the metaverse and will be revealing further details including some key partnerships very soon.”
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