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Another Avenue to gain exposure to Metaverse Profits

Posted by Craig Reaser on May 04, 2022 - 5:30am


GLOBAL X - announced it will be launching a metaverse themed exchange - traded fund (ETF) - GLOBAL X METAVERSE ETF - giving stock market investors yet another avenue to gain exposure to metaverse profits. But it's crypto investors who have the advantage, with play -to-earn games like Decentraland (MAMA) and Axie Infinity (AXS)- at the forefront of the Metaverse opportunity. Play-to-earn games are-you guessed it- games in which you can earn real monetary rewards. In the case of Decentraland  and Axie Infinity, their native crypto tokens - MAMA and AXS, respectively- are used to buy and sell virtual items. What makes these cryptos great investment opportunities for enthusiasts like us is their potential to appreciate as the Metaverse grows. With more partnerships and games developed on these platforms, their tokens will gain value due to their central role in the economies of these virtual worlds. It's no wonder why the hype around these play-to-earn games has been escalating so quickly, with venture capitalists rushing to jump on board. Sky Mavis, the company behind Axie Infinity, raised $152 million in October in a Series B round led by Andreessen Horowitz. But the play-to-earn opportunities extend much farther. There are plenty of smaller metaverse cryptos making their way into rankings-many of which are trading for just pennies. GALA - is an up and comer also.

Simon Keighley It will be fascinating to watch these play-to-earn cryptos appreciate as the Metaverse grows - thanks for sharing GLOBAL X's news, Craig.
May 4, 2022 at 12:31pm