eToro’s portfolio includes meta platforms like Decentraland, The Sandbox, and Enjin.
On Tuesday, brokerage company eToro launched MetaverseLife, a new smart portfolio comprising equities and crypto-assets from the booming metaverse business. The organization said that its purpose is to provide a wide selection of long-term investments.
Meta Platforms, the new parent corporation behind Facebook, Roblox, and other blockchain-based metaverse ventures such as Decentraland, The Sandbox, and Enjin, is now included in the portfolio.
This portfolio also includes a few firms that aren’t solely blockchain-based but have helped to metaverse acceptance and development. These companies include Microsoft, Amazon, and Nvidia.
“When analyzing the investing possibilities of developing businesses, diversity is crucial since not everyone participating will be a winner,” said Dani Brinker, head of investment portfolios at eToro. As the metaverse business expands, he believes there is merit in establishing a central portfolio to decrease the barrier to entry for investors. Brinker elaborated:
“By packaging up a selection of assets in a portfolio, we’re doing the heavy lifting and enabling our customers to gain exposure to the metaverse and spread the risk across a variety of assets.”
Bloomberg estimates that the metaverse might be worth $800 billion by 2024. The firm stated that it is devoting the majority of its efforts to building assets that will be utilized to support investors’ interests in these initiatives. So far, these funds have gone toward listing The Sandbox (SAND) as an asset on the platform, as well as plans for additional land purchases.
eToro’s director of Global Crypto Solutions, Tomer Niv, stated:
“eToro is a crypto pioneer with an established track record of embracing new technologies for the benefit of retail investors. We are excited by the opportunities offered by the metaverse.”