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Highlights
- Metaverse is a 3D virtual reality space that combines the real and virtual world to allow users to interact within a computer-generated environment.
- Various tech giants have already started investing in these plans in a bid to exploit the virtual reality space.
There is a lot of excitement and buzz around the Metaverse as the emergence of technology has created new industries and transformed our lives. Recently, tech giant Facebook rebranded itself as Meta and CEO Mark Zuckerberg discussed metaverse, which created a buzz around the new virtual reality-based world that can add a new dimension to our life.
Metaverse has allowed businesses to design, build, and produce gadgets by enhancing the computing power that has enabled new technologies to take root. A recent report from Report and Data revealed the Metaverse sector has a strong growth trajectory between 2021 and 2028 with a compound annual growth rate (CAGR) of 44.1%, making metaverse a market of US$872 billion at the end of 2028.
What is Metaverse?
In 1992, Neal Stephenson first coined Metaverse in his novel Snow Crash, which is a 3D virtual reality space that allows users to interact within a computer-generated environment. It uses virtual reality, augmented reality, crypto technology, online gaming, and social media to fuse the real and digital world together.
Metaverse has the potential to be as big as the internet and users will have their own avatar to interact with other users, attend meeting and virtual events, all from their homes. Various businesses across the world have already begun their plans to harness the potential of this virtual reality space. Metaverse makes it possible to create a world with everything that exists in the real world and the digital world. Some of the world’s tech giants are working on projects to bring digital versions of their products and services to life.
© 2022 Kalkine Media®
Some telecommunication, software, carriers, and hardware companies in UK are working on the metaverse space.
Let’s now look at some of the UK stocks that are making moves to create or participate in the metaverse.
- Vodafone Group Plc (LON: VOD)
FTSE 100 index constituent Vodafone Group Plc is an international telecommunication company. In December 2021, the company has introduced a new 5G space to promote the development of speedy 5G and full-fiber connections with partnerships with Ericsson and Samsung that will be used by metaverse.
Vodafone Group Plc has given a return of -8.81% to its shareholders in the last one year and its year-to-date return stands at 4.22% as of 12 January 2022. Its shares were trading at GBX 117, up by 0.78%, at 8:25 AM (GMT), with a market capitalization of £31,514.48 million on 12 January 2022.
- BT Group Plc (LON: BT.A)
BT Group Plc is a fixed-line telecommunication business that offers communication services to consumer and business sectors globally. The company is a constituent of the FTSE 100 Index and has partnered with Oracle to optimize its network resources and develops faster-5G services
BT Group Plc has given a return of 22.85% to its shareholders in the last one year and its year-to-date return stands at 3.35% as of 12 January 2022. Its shares closed trading at GBX 178.15 and had a market capitalization of £ 17,324.74 million on 13 January 2022.
© 2022 Kalkine Media®
- Spirent Communications Plc (LON: SPT)
Spirent Communications Plc is an international automated testing and assurance solutions provider for security, networks, and positioning. It is a constituent of FTSE 250 Index.
Spirent Communications Plc has given a return of -5.58% to its shareholders in the last one year and its year-to-date return stands at -9.41% as of 12 January 2022. Its shares closed trading at GBX 243.00 and had a market capitalization of £1,518.34 million on 13 January 2022.
- IQE Plc (LON: IQE)
IQE Plc supplies advanced wafer products and material solutions to semiconductor sector and is engaged in designing and manufacturing compound semiconductor wafers or epiwafers that have application in advanced photonic and electronic components.
IQE Plc has given a return of -55.77% to its shareholders in the last one year and its year-to-date return stands at -4.63% as of 12 January 2022. Its shares closed trading at GBX 33.30 and had a market capitalization of £ 272.81 million on 13 January 2022.
- Argo Blockchain Plc (LON: ARB)
Argo Blockchain Plc is a global cryptocurrency mining business that offers a powerful and efficient platform for crypto mining.
Argo Blockchain Plc has given a return of -10.43% to its shareholders in the last one year and its year-to-date return stands at -13% as of 12 January 2022. Its shares were trading at GBX 84.50, down by 2.31%, at 8:25 AM (GMT), with a market capitalization of £404.89 million on 12 January 2022.
