3 Best Metaverse Stocks to Buy in 2022 and Beyond

Unity Software, Roblox, and Matterport are my three best metaverse stocks to buy in 2022 and beyond.

| More on:
gaming, tech

Image source: Getty Images

The Metaverse is not in the future; it is here and now. Virtual spaces have long been a domain of economic and even political relations. They are successfully commercialized and offer numerous revenue-generating opportunities. One such option is Metaverse stocks.

Metaverse stocks are broadly defined as the shares of any company that develops innovative software products which involve user interaction. Social networks, messaging apps, video games, and entertainment software are examples. Certainly, some projects are more successful than others. Some have already reached the limit of their potential, while others will continue to grow for many years. I present three of the best metaverse stocks to buy in 2022 and beyond below.

Unity Software 

One of the two most popular game engines is created by Unity Software (NYSE:U) (the other one is developed by Unreal Engine). Its engine powers games like Wasteland 2 and 3, Subnautica, Doom for Nintendo Switch, Fallout Shelter, Albion Online, and hundreds of other commercially successful projects. The company also worked on the development of Fortnite and League of Legends.

Because video games and entertainment are such important parts of the Metaverse, it’s difficult to imagine a world without Unity. After all, Unity powers 70% of all mobile gaming apps. However, Unity is more than just games. When the company went public in 2020, it acquired MLAPI and RestAR, a computer vision and deep learning firm.

Unity’s distinguishing feature is that apps (not just entertainment apps) can be developed on its engine for any platform, including VR. So, if you’re thinking about investing in Metaverse stocks, look into the U ticker.

Roblox

This is yet another Metaverse land from the gaming industry, which is not surprising given that Second Life – the global Metaverse’s reference prototype – was originally positioned as a video game. Roblox (NYSE:RBLX) is a higher-level project. It is not a game, but rather a platform for creating online games and entertainment apps. This user-created metaverse has such a simple interface and flexible functionality that anyone can use it.

In the United States, Roblox is the second most popular service among teenagers, trailing only Google services (including YouTube). The platform hosts major events, such as Lil Nas X’s virtual concert in November 2020. As a result, when discussing Metaverse stocks, one of the first companies IT investment analysts mention is Roblox.

The biggest advantage is that the RBLX ticker became available on the exchange only in 2022. RBLX is an excellent opportunity to invest in a promising project at the start. The platform is ranked among the Inc. 5000 Fastest-Growing Private Companies, so there is no doubt about the company’s prospects.

Matterport

One of the key aspects of the Metaverse is the literal reflection of the world. This implies the transfer of real physical objects into digital space, ranging from city maps and 3D models of buildings to the simulation of the laws of physics in various environments. Today, very few companies do this.

Travel and tourism, global design, and commercial real estate are all using Matterport (NASDAQ:MTTR) developments. However, there is an intriguing paradox. In absolute terms, the company is not worth that much, approximately USD 1.9 billion, which is nowhere near the level of the aforementioned giants. Matterport, on the other hand, is always present in any expert selection on the subject of the Metaverse.

This is a pure representation of the Meta concept. Investors are interested in purchasing virtual items in virtual spaces, and this trend is expected to grow. Because of its small capitalization, the company is riskier to new investors. Given that the MTTR ticker only went public in 2022, there is no better time to invest in this company’s stock.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium service or advisor. We’re Motley! Questioning an investing thesis — even one of our own — helps us all think critically about investing and make decisions that help us become smarter, happier, and richer, so we sometimes publish articles that may not be in line with recommendations, rankings or other content.

Fool contributor Stephanie Bedard-Chateauneuf has no position in any of the stocks mentioned. The Motley Fool recommends Matterport, Inc., Roblox Corporation, and Unity Software Inc. The Motley Fool has a disclosure policy.

More on Investing

stock analysis
Investing

Buy the Dip: 2 Stocks to Buy Today and Hold for the Next 5 Years

These Canadian stocks are trading at discounted valuations, providing an opportunity for buying the dip.

Read more »

bulb idea thinking
Investing

Safety in Size? 2 of the Bluest Blue-Chip Stocks I’d Buy Now

TC Energy (TSX:TRP) and another cash cow have huge dividend yields for safe investors.

Read more »

A cannabis plant grows.
Cannabis Stocks

Can Aurora Cannabis Stock Recover in 2024?

Aurora Cannabis stock is down 99% from all-time highs but remains a high-risk bet, despite its cheap valuation.

Read more »

Question marks in a pile
Dividend Stocks

Where Will Brookfield Infrastructure Partners Stock Be in 5 Years?

Brookfield Infrastructure Partners (TSX:BIP.UN) kicked off 2024 with a bang. Where will it be in five years?

Read more »

TFSA and coins
Investing

TFSA Investors: 3 Incredible Stocks for 2024

Are you looking for stocks to buy and hold for years for your TFSA? These three stocks could deliver exceptional…

Read more »

A person looks at data on a screen
Stocks for Beginners

3 Warren Buffett Stocks to Hold Forever

Warren Buffett sold some shares in Apple (NASDAQ:AAPL), and the market had questions.

Read more »

Retirement
Dividend Stocks

Golden Years Gain: Your CPP Benefits at Age 70

CPP users delaying pension payments until 70 will receive substantial monthly income streams in the golden years.

Read more »

data analytics, chart and graph icons with female hands typing on laptop in background
Dividend Stocks

3 Dividend Stocks You Can Safely Hold for Decades

Top TSX dividend stocks are on sale.

Read more »