The hype around the Metaverse steadily increases, making it the next big thing in the digital world. The latest boost came when Facebook rebranded its corporate name as Meta, focusing on the Metaverse in October. Metaverse has been referred to as the vision of how the future internet will operate. It means an improved digital environment where it is possible to perform social functions (work, play, shopping, and creativity) in a digital landscape. We will explore The Roundhill ball metaverse ETF, the first exchange-traded fund designed to expose investors to the Metaverse.
RoundHill Ball Metaverse profile
Roundhill Ball Metaverse (“METV ETF”) was designed to expose investors to the Metaverse by tracking, before charges and costs, the performance of the Ball Metaverse index (“METV Index”). The Ball Metaverase index is the first index formulated to track the worldwide performance of the organizations building Metaverse. In addition, the index seeks to monitor the achievement of globally listed equity securities of firms that deal in activities or provide products, services, and technologies to empower the Metaverse and benefit from the profit generated. The metaverse index tracks companies based on the following classifications:
- Compute: These companies empower and supply computing power to grow and support the metaverse
- networking: companies that provide connections in real-time, high bandwidth, and data services to customers.
- Virtual platforms: firms that produce and operate interactive virtual and often three-dimensional simulations, environments, and worlds where people and businesses can participate in exploration, creating, and socializing with each other.
- Interchange standards: Companies that develop tools, contracts, formats, resources, and engines that serve as interoperability standards and enable the establishment, operation, and continuous enhancement of the Metaverse.
- Payments: the companies that support digital payments procedures and operations that include fiat on-ramps to pure-pay digital currencies and financial services
- content, assets, and identity services: related to the design, sale, storage, secure protection, and financial handling of digital assets like virtual goods and currencies. Also, the companies that deal in protecting users’ data and identity.
- Hardware: this refers to the companies that design, develops, and sells the physical devices that users can use to access, interact, design, and develop the Metaverse.
A solid reason to invest in Roundhill Ball Metaverse ETF
Roundhill ball metaverse has positioned itself as a way for investors to get exposure to the Metaverse. The fund has gathered over 40 stocks in its holding, including some of the top companies involved in the Metaverse. Highlighted below is a summary of how the top 5 companies in this fund are engaged in the Metaverse:
- Nvidia: this gaming and tech company provides tools for people to create their metaverses. The most recognized of these tools is the omniverse. It has been stated that the omniverse brings together its expertise in artificial intelligence, graphics, computer infrastructure, and simulations.
- Roblox: this is a popular gaming metaverse as its founders have been dreaming of perfecting their interpretation of the Metaverse for 16 years. Roblox has already built a successful metaverse platform that combines unique identities, immersive experiences, and a functional economy running on its own virtual currency Robux. In addition, the gaming engine can be used to create virtual worlds as it allows users to generate content.
- Unity software: unity is another gaming engine that can be used to create metaverses. the company software powers almost half of all PC and console games. The software runs on over 20 different platforms and approximately 4.5 billion devices. The company delivers a ready player one galaxy of virtual places, games, and experiences, which provides many opportunities to explore the Metaverse.
- Microsoft: Microsoft has been building a tool to power Microsoft tools and other Mesh applications. Mesh can be accessed on the company-focused augmented reality headset Hololens 2 and any VR lenses or any device using any mesh-enabled apps.
- Meta platforms: It recently got into the Metaverse with the launch of Horizons worlds for adults in the US and Canada. With the Oculus Quest 2 VR headset, users can interact for free on Horizon worlds, a social VR platform.
What does Roundhill Ball Metaverse EFT hope to achieve?
As discussed above, the main aim of the Roundhill Ball Metaverse EFT is to expose Metaverse to the general population. They provide exposure to various companies such as
- infrastructure developing companies that are essential to the Metaverse like Cloudflare and Nvidia
- virtual worlds creation gaming engines such as unity and Roblox
- content creations, commerce, and social companies for the Metaverse, such as Tencent, Sea, and Snap.
Roundhill Ball Metaverse EFT price prediction
Consistent with any virtual currency market, it is hard to predict how the market will go as many variables are involved. However, the price seems to fluctuate with a rise of 0.24% on the 25th of May, 2022. There is no immediate prediction of how the price or the market will perform; however, there are bullish reports for the future. It is because the company is entering Europe with its investment. The firm stated that they would monitor the companies in the listed classifications above that seeks to promote the Metaverse. The company claims that the move to enter Europe is for everyone to have the opportunity to invest in the company and not just US Investors. However, if significant investors or holders pull out of the project, the price can plummet even though it is unlikely. Ark’s research has predicted that revenue from virtual worlds can be up to $400 billion by 2025, with Bloomberg stating similar in that market opportunity in the multiverse can reach up to $800 billion by 2024. These predictions should not be considered as financial advice.
