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eToro rolls out smart portfolios for new metaverse investors

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On Tuesday, eToro launched MetaverseLife, a new smart portfolio that includes equities and crypto-assets from the metaverse’s burgeoning economy. The organization’s purpose, according to the corporation, is to offer a comprehensive selection of long-term investments.

Meta Platforms, the new parent company of Facebook, Roblox, and other blockchain-based metaverse projects such as Decentraland, The Sandbox, and Enjin, is now part of the portfolio.

There are a few companies in this portfolio that aren’t entirely blockchain-based, but have made significant contributions to metaverse acceptance and development. Microsoft, Amazon, and Nvidia are among these tech giants.

“When evaluating the investing possibilities of developing businesses, diversity is crucial. Because not everyone participating will be a winner,” Dani Brinker, head of investment portfolios at eToro, said. He proposed that as the metaverse business grows, a central portfolio could be useful in lowering the entrance hurdle for investors. Explains Brinker:

“By bundling a number of assets into a portfolio, we’re doing the heavy lifting for our consumers, allowing them to obtain exposure to the metaverse while spreading risk across a number of assets.”

According to Bloomberg’s calculations, the metaverse business might be worth $800 billion by 2024. The company stated that the majority of its resources invested in building assets. That will be usable to support investors’ interests in these initiatives. So far, these funds have been in use to register The Sandbox (SAND) as an asset on the platform. As well as to make preparations for future land acquisitions.

eToro’s director of Global Crypto Solutions, Tomer Niv, stated:

“eToro is a crypto pioneer with a long history of adopting innovative technology for the benefit of individual investors. The metaverse’s possibilities entice us.”

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