Brokerage company eToro has announced the launch of its new metaverse-themed Smart Portfolio, MetaverseLife made up of stocks and crypto-assets within the metaverse industry.
Meta Platforms, the new parent company behind Facebook, video game developer Roblox, and blockchain-based metaverse firms like Decentraland, The Sandbox, and Enjin are included in the portfolio.
Other companies like Microsoft, Amazon, and Nvidia are also among the portfolios which aren’t completely blockchain-based firms but have contributed to the spread and adoption of the metaverse. For instance, Microsoft is creating a metaverse through its communication platform Teams called Mesh while NVIDIA is launching metaverse-based Omniverse.
Commenting on the development, Dani Brinker, head of investment portfolios at eToro, said:
“When analyzing the investing possibilities of developing businesses, diversity is crucial since not everyone participating will be a winner. By packaging up a selection of assets in a portfolio, we’re doing the heavy lifting and enabling our customers to gain exposure to the metaverse and spread the risk across a variety of assets.”
He added that we are still in the early stages of development and that the industry could become an $800 billion market.
Tomer Niv, director of global crypto solutions at eToro added:
“We are incredibly excited by the opportunities offered by the metaverse and will be revealing further details including some key partnerships very soon.”
eToro has over sixty portfolios for other themes across the markets with an initial investment starting from $500. MetaverseLife is one of the sixty portfolios available on the brokerage platform. Sandbox, a blockchain-based metaverse platform, is also featured in the portfolio with plans for future land purchases.