eToro launches MetaverseLife smart portfolio

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Popular trading platform eToro has announced the launch of MetaverseLife, a metaverse-themed smart investment portfolio. This portfolio provides investors with access to important projects. Includes stocks and cryptocurrencies in the Metaverse industry.

eToro launches MetaverseLife smart portfolio
eToro launches MetaverseLife smart portfolio

Metaverse is a new trend

Metaverse is a new trend that many technology names are aiming for. This technology refers to a virtual world. Where users can move, interact socially and economically with others. Facebook’s rebranding to Meta Platforms and its focus on building this immersive ecosystem is just one example of the massive global interest in Metaverse technology. Microsoft is creating a metaverse through its communications platform Teams and calls it Mesh. Unity Software with its holographic content platform, NVIDIA’s Omniverse platform, and video game publishers like Roblox, EPIC Games, and more recently Ubisoft with the launch of the energy-efficient NFT platform. They showed an interest in this technology and started moving into the metaverse.

eToro also shows agility when quickly catching this trend. “As the final frontier between the real and virtual worlds, the metaverse represents the most likely evolution of the Internet in the years to come. Dani Brinker, Head of Investments at eToro, says the potential is endless, but adoption will not necessarily be easy or overnight.” “Metaverse will require greater processing capacity, bandwidth, and improvements to hardware – headsets, glasses, smartphones, and cloud services. While still in its early stages, the industry could become an $800 billion market, according to Bloomberg analysts. ”

eToro with MetaverseLife Smart Portfolio

The MetaverseLife Portfolio was created by eToro after bringing together Metaverse-related stocks and cryptocurrencies. eToro is rated as better than other conversion platforms like Meta Platforms and Roblox or blockchain-based metaverse platforms like Decentraland, Sandbox, and Enjin. The portfolio also includes familiar tech names like Amazon, Apple, Microsoft, and Nvidia.

Dani Brinker adds, “Evaluating the investment opportunities of diversifying emerging industries is key because not everyone who participates will be a winner. For those who don’t have time to research the ongoing developments of the industry, the market can seem overwhelming. By pooling asset options in one portfolio, we are doing the heavy lifting and allowing our clients exposure to the metaverse and spreading risk across multiple asset classes. “

eToro’s Smart Portfolio provides investors with fully distributed exposure to various market themes. Bringing together multiple assets according to a defined methodology and using a passive investment approach, eToro Smart Portfolio is a long-term investment solution that provides diversified exposure without there is a management fee.

New advances of eToro

With $500 investors were able to invest in the MetaverseLife portfolio and use tools and charts to track the portfolio’s performance. Information via eToro’s social trading helps investors keep track of developments in the metaverse field. Currently, MetaverseLife is one of over sixty portfolios available on eToro.

eToro recently announced the addition of a blockchain-based super crypto and Sandbox platform to its investment platform, allowing clients to invest in the metaverse platform. Building on this partnership, eToro plans to further collaborate in the metaverse.

Tomer Niv, Global Head of Crypto Solutions at eToro said, “eToro is a crypto pioneer with a remarkable track record in adopting new technologies for the benefit of investors. retail. We are extremely excited by the opportunities the metaverse presents and will be revealing more details soon including some key partnerships.”

* See more: The complete guide eToro from a to z

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