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The tech growth stocks you need to know: Meta/ Unity/ WIMI

Metaverse has been a hot theme in the stock market for the past few years. Let us understand what metaverse maybe before it can go further. In short, many people see the metaverse as a virtual world with an immersive digital interaction experience. This is achieved by using virtual reality (VR) and augmented reality (AR). It’s worth noting that many tech companies have started acting to gain a foothold in the virtual world.

For example, Snap (SNAP) recently announced the acquisition of neurotech company NextMind. This will be part of its help to promote long-term AR research in the Snap Lab mainland. With its current structure, NextMind has developed a non-invasive brain-computer interface technology that more easily facilitates hands-free interactions with electronic devices. Therefore, the addition of NextMind is expected to improve the way Snap serves humans through technology.

In addition to Snap, Nvidia (NVDA) has recently introduced new NVIDIA Omniverse features. These features for game developers include updates to Omniverse Audio2Face™, Omniverse Nucleus Cloud, and Omniverse DeepSearch.As a result, it may make it easier for game developers to share assets, classify asset libraries, collaborate, and deploy artificial intelligence to animate facial expressions for characters in new games. In conclusion, there is reason to believe that metaverse will eventually be a part of our lives. So, let’s look at some of the top metaverse stocks in the stock market today.

Meta Platforms(FB)

As the name suggests, Meta Platforms (FB) is a social technology company that envisions a future defined by the metaverse. The company, formerly Facebook, is known for its range of applications that enable people to connect through mobile devices, personal computers, and many other devices. Its applications include Facebook, Instagram, Messenger, and WhatsApp.As companies pay more attention to the metaverse, it is also understandable why FB shares often become the top metaverse stocks to watch in the discussion. Meta signed a partnership on Thursday with VNTANA, an e-commerce technology company. The integration with VNTANA will allow brands to upload the 3D models of their products to Facebook and Instagram. In addition, it can easily convert them into ads. We should also note that Meta has previously worked with augmented reality (AR) companies Modiface and PerfectCorp.Overall, the movie could be a stepping stone to advertising in the virtual world.

In other news, Meta, along with Aqua Comms and Bulk Fiber Networks, has also announced the completion of the Havhingsten undersea cable system. The cable system runs across the Irish Sea from North Dublin, Ireland to South Blackpool, England. This new route will provide businesses, operators, and mega-scale enterprises with flexible network architecture options while maintaining as low latency as possible. In short, it will bring greater connectivity to Europe and Northern Europe.

Unity(U)

Similar to Meta, Unity is a company that will most likely play a major role in Metaverse. For those who don’t know, the company offers a platform for creating and manipulating interactive real-time 3D content. Its platform includes creating solutions and providing operational solutions. These will enable customers to create, run, and monetize their content on a range of third-party content platforms. Like many other tech stocks, U shares have been under pressure in recent months. Things will get up very soon.

Earlier this month, Unity announced a new partnership with Insomniac Events. Insomniac has nearly 30 years of experience in creating community-based experiences and is likely to create a new and lasting virtual world for its fans. Furthermore, the partnership may define new standards for live entertainment by providing the next evolution of the Insomniac experience. Therefore, these companies can offer virtual live music performances at any location.

In addition to that, Unity has recently released the Game Report for 2022. The report provides an extensive view of the status of the game while revealing player behavior throughout the pandemic and detailing trends. According to Unity, the gaming industry will seem to be both long-lived and sustainable. In 2021, the number of gamers was much higher than the pre-pandemic level, and the industry met the demand. In terms of scale, the number of games produced using Unity has increased by 93%.

WIMI Hologram Cloud(WIMI)

Finally, there is another competitor in the field of Metaverse WIMI Hologram Cloud (NASDAQ: WIMI), as the world’s first listed NASDAQ holographic AR enterprise WIMI Hologram has accumulated a lot of “metaverse” technology core ability, in the process of entering the 5G everything mutual era, represented by AR / VR human-computer interaction technology is the metaverse simulation interaction, realize the core of virtual reality connection. It recently announced that its XR headset brand WIMI Hologram Softlight has successfully obtained a trademark registration certificate from the U. S. Patent and Trademark Office. The trademark is conducive to the company to actively expand the American market, further improve the intellectual property protection system, maintain the leading position in technology, and enhance the core competitiveness of the company.

In addition, WIMI Hologram also announced its inclusion in the Proshares Metaverse ETF. Vers is designed to provide investors with leading companies at the forefront of digital interaction for metaverse to achieve long-term capital growth.ProShares’s Vers ETF tracks the Solactive Metaverse Theme Index, which relies on state-of-the-art algorithms designed to capture developing investment opportunities in Metaverse. The 40 companies tracked by the index cover a wide range of industries- -from device manufacturers to data processors, as well as social media, games, and other platforms that promote digital interaction. It can be seen that WIMI Hologram has taken new steps in the accelerated integration of metaverse ecology and digital economy. In the long run, the WIMI Hologram market prospect still has broad room for improvement.

Adriaan Brits

Adriaan Brits is a multi-sector analyst and business consultant with notable commentary on the S&P500. He loves to evaluate fast-movers and to be ahead of the trend.

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