We agree that FB certainty is either working on or has most of the key underlying attributes to actualize its metaverse ambitions. (Coinbase)ĬOIN determines five key use cases within its vision of the metaverse: Play, Socialize, Transact, Create Work. its vision seems to be aligned with our definition. We can see early signals via Horizons Workrooms and Facebook's social and gaming efforts. consider FB very well-positioned to undertake its metaverse transformation. Interestingly, it opined that Meta Platform's key metaverse attributes are still under development.
However, COIN also noted that RBLX's platform is not interoperable, not open and decentralized, and it doesn't have a fully functioning economy. Coinbase's presentation shows that Roblox is undoubtedly ahead of FB as it is already operating a virtual platform that has a massive scale. Of interest are Roblox ( RBLX) and Meta Platforms, two of the top underlying holdings of the META ETF. Importantly, the company also shared its perspective on various platforms with strong metaverse attributes, as presented above. Therefore, Coinbase believes it can create a system to help users navigate the metaverse with a unique identity across multiple apps.Ĭoinbase description of key metaverse attributes by platform/company. To achieve this, the metaverse will rely on blockchain to transfer identity and ownership across virtual worlds, attestation to verify them, and payment rails that allow people buy, sell, and earn income within a decentralized economy.
It will be important for any metaverse to be trustless - meaning people can interact directly without going through an intermediary - and permissionless - meaning anyone can participate without authorization from a governing body. Coinbase Co-founder and CEO Brian Armstrong emphasized (edited):
Meta etf companies series#
Instead, it wants to help create "an identity on-ramp into the metaverse." The company believes that "unlike today’s Internet, there won’t just be one metaverse." Instead, it believes there will be a series of interconnected virtual worlds that will depend on blockchain technology to operate. But COIN is not trying to build its own metaverse per se. In its most complete form, it will be a series of decentralized, interconnected virtual worlds with a fully functioning economy where people can do just about anything they can do in the physical world."Ĭoinbase believes that it also has the attributes to participate in the metaverse opportunity. It explained that the metaverse is not Web 3.0 as "( Web 3.0) is about digital ownership within an open, decentralized environment." Instead, the metaverse is "the distant evolution of (Web 3.0). Readers should also note that COIN is one of the component stocks within META ETF's holdings.Ĭoinbase explained that Matthew Ball heavily influences its perspective on the metaverse.
Meta etf companies driver#
In contrast, as Meta Platforms builds out its metaverse opportunity, IG is estimated to be Meta's most significant ad revenue driver in the next few years.Ĭoinbase ( COIN) published an excellent article detailing the company's view of the metaverse opportunity. Moreover, as we also covered in a recent FB article, highlighting that Instagram (IG) is far from being defeated. While its reputation has suffered this year, it's still the largest social media platform globally. We also have a strong conviction in Meta Platform's metaverse strategy. ( SNAP ) has also leaped into the top six, ahead of Amazon ( AMZN ). Nvidia ( NVDA ) remains as the company's top holding, accounting for 8.53% of the ETF's holdings.
Meta Platforms ( FB) stock has risen to become the company's second-largest holding since late November. Readers can refer to the above chart where we observed that there have been a few notable changes to META ETF's top six holdings since we last covered it. Key Changes in META Top Holdings Since Late NovemberĬhanges in META top six holdings since 26 November'21. Readers who need an introduction can refer to our previous article here.
Meta etf companies update#
Therefore, we think it's apt for us to provide an important update for investors who may have been waiting for an opportunity to add a diversified metaverse ETF. As a result, the ETF has recovered some ground consistent with the recovery in growth stocks. Roundhill Ball Metaverse ETF ( META) retraced recently after undergoing a momentum spike in line with its leading holdings. Niphon/iStock via Getty Images Investment Thesis
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