4 Monster Metaverse Stocks to Buy for the Long Haul – Motley Fool

These days, it seems like every company has some grand ideas for the “metaverse,” which will merge the physical and digital worlds. Some companies are starting small by selling non-fungible tokens (NFTs) for virtual goods, while others are planning to build entire virtual worlds.

All that noise can make it hard to distinguish the hype from the reality. So today, I’ll take a look at four companies that could actually benefit from this secular trend and permanently transform how we interact with each other.

Image source: Getty Images.

1. Meta Platforms

Meta Platforms ( FB 2.37% ), the company formerly known as Facebook, adopted its new name to reflect its long-term focus on the metaverse. It already has many of the building blocks to construct that virtual world.

A whopping 3.58 billion people already use at least one of its apps (Facebook, Messenger, Instagram, or WhatsApp) every month. It’s reportedly sold over 10 million Quest 2 VR headsets over the past year, and it just launched Horizon Worlds — a VR world that will enable those headset users to interact with each other. It recently released its first pair of smart glasses, and it plans to launch more advanced AR headsets in the future.

As Meta puts all those pieces together, it will expand its reach far beyond PCs and mobile devices. People will eventually be visiting each other’s profiles in VR or using its AR tools to scan real-life objects. In other words, it could transform the entire world into one big computing platform.

2. Roblox

Roblox‘s ( RBLX -9.03% ) ambitions aren’t as grand as Meta’s, but they’re easier to understand. Roblox’s platform enables its users to create simple block-based environments and games for each other without any coding knowledge. It’s tremendously popular with children, and its creators can monetize their games with an in-game currency called Robux.

Roblox is a self-sufficient ecosystem because it relies on its audience of nearly 50 million daily active users to create and explore new virtual worlds. The expansion of that ecosystem will convince more companies to build their own worlds within Roblox’s universe to reach more consumers.

That’s why Nike ( NKE -0.91% ) just launched a virtual theme park called Nikeland on Roblox, which lets players compete in virtual sporting events. If more brands follow Nike’s lead, these metaverse-based promotions could become much more important than traditional marketing campaigns.

Nikeland in Roblox. Image source: Nike.

3. Nintendo

The Japanese gaming giant Nintendo ( NTDOY 1.28% ) also owns many of the ingredients to create a massive metaverse ecosystem. It’s shipped 98.1 million Switches since March 2017, and those hybrid devices can be easily converted between home console and handheld modes.

Carrying a Switch around is less cumbersome than wearing a VR headset, and the devices …….


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