Best Metaverse stocks to buy

As previously mentioned, it could be many years before the Metaverse exists in its fullest form. So the best Metaverse stocks to buy today are companies that are already thriving but whose growth will be boosted by the Metaverse. Here are some top considerations, in no particular order:

1. Meta

Formally known as Facebook, Meta Platforms (NASDAQ:FB) is responsible for bringing the Metaverse trend to the forefront of investors’ minds. Most of the company’s revenue is generated by ads on the Facebook and Instagram apps. However, Meta Platforms has another part of the business called Reality Labs where it sells hardware devices and VR content. Its Oculus VR headsets have collectively sold more than any other on the market, making Meta a top stock for immersive hardware. The company is investing billions to create software and content for augmented reality and VR applications, allowing it to address other Metaverse angles.

2. Unity

Unity Software (NYSE:U) is the unequivocal leader in the 3D software space. The company estimates that about half of all 3D content today is made with its software. As Metaverse content is created, it’s reasonable to expect a large portion will involve Unity in some way. It’s also reasonable to believe the company can keep taking market share from competitors due to its unique value proposition. Two of its products — Unity Personal and Unity Student — are offered free to content creators who are just starting out. As these creators succeed, it’s likely they will become paying Unity customers.

3. Nvidia

Another company that could cash in on 3D content creation is Nvidia (NASDAQ:NVDA). Its Omniverse Enterprise product has only been generally available since late 2021, but it’s already being considered by hundreds of companies and downloaded by tens of thousands of content creators. Even if Omniverse ultimately fails to gain traction, it’s still likely that Nvidia will benefit from the Metaverse trend. The company’s high-quality graphics processing units (GPUs) have always been its bread-and-butter business, and its GPUs will be in high demand as the Metaverse trend picks up steam, allowing consumers to enjoy a crisp and clear 3D content experience.

4. Cloudflare

Content delivery network (CDN) Cloud-flare (NYSE:NET) is designed with speed in mind. The company claims its network can deliver content in 50 milliseconds or less to 95% of the world’s population. That scale will be helpful as the Metaverse ramps up. But, as previously noted, the Metaverse will have other needs, and Cloud-flare can address some of these as well. For example, the company already offers cybersecurity solutions, blocking 117 billion daily threats. And, in 2021, it launched a data storage product that may help to meet the Metaverse’s outsized data storage needs.

5. Roblox

Roblox (NYSE:RBLX) is already a go-to virtual world that could be an early-stage version of a Metaverse platform. Musicians such as Tai Verdes and Lil Nas X have already hosted virtual concerts on Roblox’s platform, perhaps signalling that virtual events are gaining mainstream appeal. A couple of years ago, the platform primarily resonated with U.S. users younger than 13, but it’s developed into a global company with an increasingly expanding set of older users. The Metaverse will likely have multiple interactive platform destinations, but, with more than 54 million daily active users already, Roblox has a big head start.A Metaverse ETF to consider

Maybe you can’t decide which Metaverse stock to buy, or maybe you want broader exposure than a single stock. Consider buying a Metaverse-focused exchange-traded fund (ETF). One option is the Roundhill Ball Metaverse ETF (NYSEMKT:METV), which includes the five stocks already listed here plus dozens more, providing instant diversification for shareholders.

Unlike stocks, ETFs are subject to ongoing fees, and the Roundhill Ball Metaverse ETF is no exception. Investors need to be sure they know how to invest in EFTs before buying shares.