Metaverse penny stocks are stocks involved with the metaverse industry. Or, they are likely to get involved in one way or another. Also, they are priced around or under $5. So if you want to invest in the metaverse, these penny stocks are a great place to start.
And a word of caution about metaverse stocks: the metaverse is very new. This makes correlated stocks incredibly speculative. When a stock or industry is speculative, there is no concrete evidence that it will do well. However, it is showing immense potential. In other words, for metaverse penny stocks, it’s important to do your due diligence. But for now, have fun checking out these stocks.
What is the Metaverse?
The metaverse is a technology that combines the digital realm and the physical world. This combo creates an experience that engages all of the human senses. To explain further, video games and virtual reality taken to the next level.
Facebook has taken most of the credit for coming up with the idea and creating the technology. However, there are also many other companies that are working on their own version. Below I’ve outlined some actions that touch the metaverse in one way or another.
The best Metaverse penny stocks to buy
No. 7 Cinedigm Corp. (Nasdaq: CIDM)
Cinedigm is probably the company you associate going to the movies with. That is, if you still go to the theater. It’s an entertainment company and recently partnered with Hallmark. Cinedigm will be the first to distribute movies and paid content for Hallmark. In the coming months, I look forward to growing Cinedigm through this partnership.
Why am I classifying Cinedigm as a metaverse penny stock? CIDM is a digital entertainment company. There are many applications of this in the metaverse. In addition, there has been talk of the creation of NFTs. It’s a bit of a stretch, but it’s still a real possibility.
No. 6 Meta Materials Inc. (Nasdaq: MMAT)
Meta Materials Inc. could be a major player in the metaverse penny stock industry. The company creates new technologies by studying and manipulating light and energy. For example, their website hosts holography explanations. Some others include functional surfaces and AR glasses.
Meta Materials is focused on creating a lower cost and more sustainable product. And he’s enamored with the idea that major technological advances have come from manipulating basic elements. The examples that the company uses are the Stone Age and the Bronze Age, etc.
It works in various industries, including automotive, consumer electronics, and aerospace/defense. Furthermore, Meta Materials has as many scientific and technological breakthroughs as possible. And it focuses on getting them to consumers and other big industries.
There’s little reason why it won’t be a big metaverse penny stock. Even if it doesn’t get in on the metaverse action. Also, I’m curious about the name coincidence. Facebook changed its name to Meta and is creating the metaverse. That makes sense.
This company is also called Meta Materials and it is a technology company. So far, public knowledge is that the two are not related. But you never know. There could be something going on in the background. Even if there isn’t, Meta Materials is getting a lot of publicity from the Zuckerberg rebrand.
No. 5 Immersion Corp. (Nasdaq: IMMR)
Immersion deals with tactile feedback technology and haptics. This technology allows you to feel the digital world, as if it were real in front of you. This metaverse penny stock was founded in 1993. Its headquarters are located in San Jose, California.
Right now, it produces haptics for game consoles, phones, and cars. But it’s also developing products with StrikerVR.
These products include items to assist in a virtually realistic world. For example, they are working on a virtual weapon that looks real. Plus, other recreation-focused articles. Things like a baseball bat and a fishing rod that will make you feel like you are doing that activity.
No. 4 Alpha Esports Tech Inc. (OTC: APETF)
I have recommended Alpha many times before. Now, in a recent press release, the company is combining its technology with the metaverse. This is an attempt to create a unique experience for customers.
Alpha focuses on esports, which are competitive games. These are physical events that people come together for, like a ball sports tournament. There are many lights and they are usually located in a stadium or event center.
Blockchain, mobile gaming, and e-commerce are other major industries that Alpha addresses. In addition, they do business with professional hockey and rugby teams, casinos, and gaming companies. The company also has constant developments, which are great for your perspective.
No. 3 Sino-Global Shipping America Ltd. (Nasdaq: SINO)
Sino-Global provides services and solutions to global shipping companies.
I’m sure you’re wondering why a shipping service company would be on this list as a penny stock from the metaverse. In March 2021, Sino-Global purchased 60% of Super Node LLC. Super Node is a private blockchain developer.
Also, Sino is growing in the NFT market. He’s an unexpected player for this value list. But it’s one that seems to be getting its foot in the industry’s door. Over time, it could become a very valuable stock in the metaverse industry.
No. 2 Enthusiast Gaming Holdings (Nasdaq: EGLX)
Enthusiast Gaming is a company whose primary focus is gaming journalism. It is a Canadian company that targets players and fans of electronic sports. Their mission is to build large player networks and build communities. The company has great leadership, all with track records of success.
Enthusiasts are most likely indirectly affected by the metaverse. Esports will bring more meta opportunities. And this metaverse penny will likely cover those additional events and occurrences.
No. 1: Hall of Fame Resort and Entertainment Co. (Nasdaq: HOFV)
Hall of Fame uses the popularity of football. It combines soccer, fantasy football, gaming, and experience-oriented technology. This is to give customers a unique feel and experience with your company.
It has a resort themed around soccer legends. He has even created some NFTs for players and characters. At the resort, there seems to be a room where players compete. A bar and grill, hotel and Hall of Fame Village are also part of the complex. Given the nature of the business, they are likely to get involved with metaverse experiences as well.