The Top 2022 Metaverse Stock to Buy Now
What is the metaverse? The metaverse is both futuristic and exciting. It can also be confusing and controversial. In short, the metaverse is a virtual world where you work and play as an avatar, and it's focused on global social connections. Generally, these experiences are accessed through augmented reality (AR) or virtual reality (VR) and require a digital economy where users can create and sell goods.
With the stock market gyrating over inflation and interest rate concerns, high-growth stocks have been under pressure. I have always been a fan of a barbell portfolio with diversification to hedge risk. Today's pick is a high-quality metaverse stock, and you might be surprised what it is.
If you aren't familiar with the term NFT, it stands for non-fungible token, which is a cryptographic record of ownership of something unique and is recorded on a blockchain using cryptocurrency. In case you're wondering, Ethereum (CRYPTO: ETH) is the metaverse crypto of choice, and it's most commonly used for NFTs.
Source Fool.com
