Brokerage firm eToro launched Metaverse Life, a new smart portfolio covering stocks and crypto assets from within the growing Metaverse industry, Tuesday. The company said its goal is to provide diversified long-term investment investments.
Currently included in the portfolio is Meta Platforms, the new parent company of Facebook, Roblox and others based on blockchain Metaverse development like Decentraland, Sandbox and Enjin.
Also listed in this portfolio are companies that are not only based on blockchain, but still contribute to the adoption and growth of Metaverse. These include technology companies such as Microsoft, Amazon and Nvidia.
“Diversification is key when evaluating investment opportunities in emerging industries, as not all players will be winners,” said Dani Brinker, eToro portfolio leader. With the continuous development of the Metaverse industry, He suggested that there would be value in creating a central portfolio to lower the barriers to entry for investors. Brinker explained:
“By packaging select assets in our portfolios, we are doing the heavy lifting to give our clients access to Metaverse and spread risk across a variety of assets.”
According to an analysis by Bloomberg, Metaverse could become an $800 billion market by 2024. The company said it is dedicating most of its resources to developing assets that will be used to support investor interest in the projects.So far, these resources have gone public Sandbox (SAND) as an asset on the platform and future land purchase plans.
Tomer Niv, Director of Global Encryption Solutions at eToro, said:
“eToro is a pioneer in the crypto space with a proven track record in adopting new technologies for the benefit of retail investors. We are excited about the opportunities the Metaverse offers.”