Global X ETFs is getting their foot in the metaverse door with the announcement of their Global X Metaverse ETF (VR) available for trade on the Nasdaq. As the ticker suggests the ETF will follow companies looking to support the betterment of the metaverse and virtual reality. A statement from Global X ETFs director of research states, “Whether it’s playing video games with friends, buying digital items, or consuming media, the wide-range of potential uses offered by the metaverse makes it a possible successor to today’s internet. The metaverse’s foundational infrastructure is in place and companies are increasingly vocal about their participation in its advancement, both in word and capital commitment…”
The metaverse is still a fairly new concept but the potential for monetization is there as the industry continues to grow.