Facebook is the ideal stock to become active in the Metaverse

The Metaverse area has attracted massive attention from investors. Morgan Stanley believes that Facebook (now known as Meta) is the best stock to get involved in the emerging sector.

The cryptocurrency space has seen numerous trends in recent years. From the rise of Initial Coin Offerings (ICOs) to the recent emergence of the decentralized finance (DeFi) and non-fungible token (NFT) sectors.

The latest trend is Metaverse, which has gained massive attention since the name change of the social media giant Facebook to Meta. According to leading investment bank Morgan Stanley, Facebook is the best stock to get involved in the metaverse.

The report of leading equity analyst Brian Nowak pointed out that meta is the most obvious way to invest in this area. The Morgan Stanley analyst explained that any success the company has in building and monetizing the metaverse is an advantage and will continue to contribute to Facebook’s growth in the coming years.

In addition to Facebook, the analyst added that he prefers some other companies to get involved in the Metaverse space. These companies include Roblox, Alphabet, Snap (overweight) and Unity Software. The report added:

“American users are already spending the total equivalent of 11 billion days a year consuming digital media, which are considered metaverse hours to be recorded.“

Morgan Stanley believes that the Metaverse area has a lot of potential, but the revenue opportunities in this sector would be less and would exist in the long term. The analyst emphasized:

“The biggest challenge here is that the uncertain long-term regulatory environment around crypto creates more uncertainty about how big this monetization opportunity could be.“

Facebook remains the largest player in the Metaverse space and is expected to take massive steps in the software and hardware areas of the industry. Some crypto-focused protocols, including Sandbox and Decentraland, have also recovered massively thanks to the increasing adoption of the metaverse.

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