It is expected that the idea of the Metaverse will play a crucial role in the evolution of the Internet in the future.
The Metaverse, in its simplest definition, is an immersive digital realm where users can interact with one another.
The cost of penny stocks in the metaverse sector is reasonable, coming in at less than $5.
These penny stocks are an excellent entry point for anyone interested in investing in the metaverse.
To begin, let’s define “Metaverse.”
The metaverse is a technological concept that bridges the gap between the virtual and actual worlds. This combination stimulates all five senses.
We are talking about the next evolution of virtual reality and video gaming.
Facebook has been widely credited as the idea’s and technology’s creator.
But many other businesses are also hard at work developing their versions.
I have included several stocks related to the metaverse in one way or another below.
Unity Software, Inc. (U)
Unity provides a method to play the software side of the equation, where the true magic occurs. Unity’s 3D video game engine is popular across mobile, PC, and console platforms because it enables creators to establish the fundamental rules that govern virtual environments.
There are 5 billion monthly downloads of Unity Software, according to the firm’s 2021 Gaming Report, and the business hopes to corner a big chunk of the metaverse industry as well.
In addition, to recruit the next generation of developers, Unity provides free training classes on augmented reality, immersive digital environments, and how to create in virtual reality. In 2022, revenue growth of 20% is forecasted, and in 2023, revenue growth of 30% is predicted by analysts.
Sino-Global Shipping America Ltd. (Nasdaq: SINO)
The international shipping industry may rely on Sino-Global for various services and solutions.
So you’re probably asking why a shipping services firm would be included in this list of metaverse penny stocks.
Chinese conglomerate Sino-Global acquired a 60% stake in Super Node LLC in March 2021. For the record, Super Node is a proprietary blockchain platform creator.
Additionally, Sino is expanding into the NFT sector. It’s a stock that I wouldn’t have anticipated seeing on this list.
However, it seems to be making inroads in the market. It could grow into a precious investment in the metaverse marketplace over time.
Meta Platforms, Inc. (META)
Meta Platforms, the firm responsible for the widespread use of the phrase “metaverse” in 2021 and a proof of its commitment to the idea by changing its name that year, is, of course, the greatest stock to invest in the metaverse.
Facebook CEO Mark Zuckerberg has long been an advocate, and the company spent $2 billion to acquire virtual reality gear developer Oculus VR in 2014.
Long-term investors should be well paid if Meta earns even a fraction of all the trade performed through the metaverse.
However, the company’s Reality Labs division, which focuses on the metaverse, lost $10.2 billion in 2021 and $5.8 billion in the first half of 2022, so investors will need patience and confidence to see a return on their investment.
Enthusiast Gaming Holdings (Nasdaq: EGLX)
In the field of video game journalism, Enthusiast Gaming excels.
The firm is based out of Canada and caters to those interested in video games and competitive online gaming. Its goal is to connect a huge number of players and establish gaming communities.
Leadership at the organization is excellent, consisting of people who have already shown themselves.
The metaverse will most likely have a secondary impact on enthusiasts. Greater possibilities for metagames will arise as a result of esports.
This cheap stock may cover the additional activities and events in the metaverse.
Nvidia Corp. (NVDA)
Of course, you may learn about the metaverse without actively seeking out businesses that have rebranded themselves to reflect emerging innovation.
Nvidia, an inventive chipmaker worth $440 billion, also stands to gain. Nvidia just surpassed Intel Corp. (INTC) and Broadcom Inc. (AVGO) in terms of market capitalization.
Nvidia, already a leading manufacturer of high-quality processors in AI, cryptocurrency mining, and gaming, is setting itself up to profit from the inevitable increase in demand for computational resources that will accompany the advent of the metaverse.
Jensen Huang, CEO of Nvidia, believes the company can provide significant B2B prospects, such as the modeling of factories and large-scale infrastructure projects.
In addition, Nvidia’s market advantage in graphics processing units provides NVDA stock with another evident growth driver connected to the metaverse, even if Nvidia’s own 3D design collaboration platform, Nvidia Omniverse, isn’t a goldmine.
Immersion Corp. (Nasdaq: IMMR)
Haptics and other forms of touch feedback technologies are the focus of immersion. Technology like this makes the virtual world seem as tangible as the one in front of you.
In 1993, the doors opened on this virtual penny stock. San Jose, California, is home to the company’s headquarters.
Its haptic technology is now used in video game consoles, mobile devices, and vehicles. Meanwhile, StrikerVR is being used in the development of new goods.
Here you’ll find various goods designed to help you navigate the virtual reality setting. For instance, they’re developing a digital pistol that has a similar weight and balance to a real one, along with other products for leisure activities.
Sports equipment makes you feel like you’re playing baseball or fishing, for example.
Microsoft Corporation (MSFT)
Even if Meta Platforms and Nvidia are two of the biggest names in the tech industry, they aren’t the only ones vying for a piece of the metaverse, and neither are their Oculus headsets.
Compared to the Meta Quest 2, Microsoft’s mixed-reality HoloLens headsets are much more expensive (between $3,500 and $5,199) and designed for business use rather than for individual consumers (the Meta Quest 2 costs $399).
Microsoft signed a $22 billion deal with the United States Army in 2021 to provide the service with customized headgear versions.
The $2 trillion Microsoft isn’t leaving any stone unturned, and it sees chances to expand metaverse technology beyond the realm of consumer video games into the realm of enterprise IT as well.
With the recently disclosed $69 billion agreement to acquire video game giant Activision Blizzard Inc. (ATVI), the buyer would have access to 361 million monthly active users and a wealth of immersive social and gaming opportunities.
Moreover, Microsoft is expanding its metaverse initiatives in the digital workplace, where it believes that avatars residing in its Teams collaboration software will promote professional connections, a feeling of community, employee retention, and increased productivity.
Cinedigm Corp. (Nasdaq: CIDM)
You probably think of Cinedigm when you think about going to the movies. If you still frequent the theater, that is. It’s a media conglomerate that has lately joined forces with Hallmark.
To kick off Hallmark’s premium movie and content distribution, the company has partnered with Cinedigm. Because of our collaboration, I anticipate Cinedigm’s success in the following months.
Why do I consider Cinedigm a penny stock in the metaverse? In the world of digital media, CIDM is a significant player. Multiple uses may be found for this in the metaverse.
There has also been some discussion about developing NFTs.
It’s far-fetched but not wholly impossible.