Fortunes will likely be made with the metaverse. Investing in these stocks is a great way to get started.
Shares of Unity Software (NYSE: U) popped by 13.9% in November, according to data provided by S&P Global Market Intelligence. The stock was rising ahead of the company's third-quarter financial report, which it delivered on Nov. 9. In Q3, Unity generated revenue of $286 million, up 43% year over year.
The metaverse is now considered to be the next big trend in the technology sector. Broadly speaking, the concept of a metaverse involves creating immersive experiences for users in virtual reality worlds or in some combination of physical and virtual worlds using technologies such as video, virtual reality (VR), and augmented reality (AR). Since the concept of the metaverse may take some time for meaningful monetization, these companies provide a margin of safety to investors with their other revenue-earning business lines.