How to Buy Metaverse Cryptocurrencies in Australia
Quick-Take: The easiest and safest way to invest in the Metaverse is through the CoinSpot Metaverse Bundle. This bundle offers equally weighted exposure to the top metaverse cryptocurrencies across all Layer 1 blockchains.
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The Metaverse sector in cryptocurrency exploded throughout 2021 & 2022 as NFTs, GameFi and other aspects of the meta-economy gained traction with retail users.
Many investors in Australia and abroad have been struggling to find a way to get efficient and broad exposure to the Metaverse asset class. This guide outlines a way to get access to the best META ETF that provides equally weighted exposure to the top Metaverse projects.
The best way to invest in the Metaverse that is being built on Ethereum and other Layer 1 chains is through CoinSpot. Users can buy "Metaverse Bundle” which is a collection of all the major Metaverse cryptocurrencies including Decentraland (MANA), Axie Infinity (AXS), Gala (GALA) just to name a few.
CoinSpot offers instant and free deposits if you use Poli, Pay ID or direct deposit from your bank. The guide below provides an easy to follow overview of how to get started.
The CoinSpot bundles are similar to ETF's (Exchange Traded Fund) and the Metaverse bundle contains 11 of the best Metaverse cryptocurrencies on the market. The assets are equally divided amongst each other at 9% each, which provides well balanced and diversified exposure to the Metaverse space.
This is a great way to invest and get exposure to the rapidly growing industry and consolidate all your Metaverse cryptocurrencies.
How to buy Metaverse stocks (2022)
The best way to buy Metaverse stocks and cryptocurrencies all in one place is eToro. Their exchange offers Metaverse cryptocurrencies and popular stocks including Meta (Formerly Facebook), Roblox and the Metaverse ETP.
Similar to CoinSpot, their exchange lets you deposit Australian Dollars securely and with small fees.
What is the Metaverse?
The Metaverse can be defined as assets that are digitally native and secured by decentralised networks such as Ethereum. These digital assets include but are not limited to NFTs (Non-Fungible Tokens) and Cryptocurrency tokens.
Assets that can be considered NFTs and therefore fall within the umbrella of the Metaverse include gaming assets, online wearables, audio files, movies, art, legal agreements and much more.