3 global metaverse stocks to look at in 2022

December 15, 2021 12:14 PM AEDT

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3 global metaverse stocks to look at in 2022 — Image source: PopTika,Shutterstock

Highlights

The metaverse is a virtual reality-powered version of the internet, which is currently being seen as the future of the internet.

Several leading tech majors have already begun their plans to harness the potential of this collective shared space.

Some of the leading firms operating in the sector are FB, RBLX and U.

The metaverse, a virtual reality-powered version of the internet, is the new buzzword in the internet technology space all across the globe. The virtual space within digital environments, including online games and social media, is being seen as the future of the internet. Several leading tech majors have already begun their plans to harness the potential of this collective virtual shared space.

Here are three metaverse stocks which investors can look at in 2022:

Meta Platforms (NASDAQ:FB)

Billionaire Mark Zuckerberg-led company plans to make big inroads in this space. The company had earlier announced that it would invest at least US$10 billion on expansion in FY21. Zuckerberg also said that he aimed to help over 1 billion people to be active on the metaverse before the decade is over.

Facebook’s virtual reality subsidiaries – Oculus and Horizon – will probably play a major role in its latest metaverse push. The company recently informed that its hardware division, Facebook Reality Labs, would become a separate reporting unit. As of 30 September 2021, Meta Platforms had more than US$58 billion in cash and equivalents on its balance sheet.

Meanwhile, the stock has delivered over 24% year to date (YTD). In the past one year, the stock rose by over 21%.

Source: © Ekkasit919 | Megapixl.com

Roblox Corporation (NYSE:RBLX)

An online entertainment platform, Roblox, provides Roblox Studio, an intuitive desktop design tool, to developers worldwide. The developers can employ the tool to produce their own multiplayer experiences.

The company’s metaverse platform largely focuses on kids and teenagers. Nearly 50% of the daily active users of the platform are in the age group of 13 years or younger.

Roblox earned US$181 million in cash flow from operations on revenue of US$509 million in the third quarter. The company’s revenue rose by more than 100% during the quarter.

Meanwhile, the stock has delivered over 55% year to date (YTD). In the past one year, the stock rose by over 54%.

3 global metaverse stocks to look at in 2022

Unity Software Inc (NYSE:U)

Unity Software owns one of the two main 3D video game engines. The platform allows designers to customise how video game players move and interact within their games. The company’s Unity Gaming Services (UGS) platform allows creators to develop 2D and 3D content for AR and VR devices alongside other consumer smart devices.

Unity claims that it offers the “preferred platform” for the creators of VR content. The company recently entered into a partnership with Tripolygon, a 3D modeling service, focusing on metaverse applications.

Meanwhile, the stock has delivered a negative return of nearly 3% year to date (YTD). In the past one year, the stock rose by over 2%.