The tech sector is always known for striving for the next big leap and one of the things that is being deemed as the next stage of the evolution of the sector is the metaverse. Some of the biggest tech giants in the world regard the metaverse as the next big battleground. Many companies are now getting into this exciting new sector and the competition is only going to intensify in the coming years. Here is a look at some metaverse stocks which could be worth tracking.
AllStar Health Brands Inc (OTCMKTS:ALST) – One of the metaverse companies that could be of significant interest to investors at this point in time is AllStar Health Brands Inc. The company went into collaboration with TGI Advent Galaxy not too long ago for the development of The Sports Metaverse Mega Mall.
The company was in the news last week after it announced that it had managed to rope in the first tenant for its mega mall in the form of the electric vehicle (EV) company Penerra Inc. The company is going to offer a unique range of EVs at the mega mall.
The products it would offer would include sedans, service utility vehicles, e-bikes, sports coup, and e-scooters among others. Penerra is a company which is based out of Florida and provides clients with the unique opportunity of designing their own vehicles as well.
The company’s work with regard to the upcoming launch of the mega mall continues apace and last month on December 8 provided a virtual introduction to the same.
At the time, it was announced by AllStar Health Brands that the mega mall was going to be launched in early 2023. The Chief Executive Officer of the company Pete Wanner spoke about the mega mall at the virtual event as well. He noted that it was going to provide sports enthusiasts with a shopping experience that they were going to enjoy. Once it is launched, it would be the first online metaverse experience that combines shopping and sports.
Back in October, the company announced that it had teamed up with NFL Tailgate Game developers for the sports mega mall and it could be said that could well prove to be a significant attraction for sports enthusiasts. NFL Tailgate Game developers have been responsible for having clocked more than 40 million downloads for its Red Bull games. Additionally, it also holds the experience of bringing high-class games to the metaverse.
Blue Apron (NYSE:APRN) – At this point, Blue Apron Holdings Inc is one of the more innovative companies since it offers a platform for delivering original recipes made with seasonal and organic ingredients direct to consumers.
However, the company has also made a move in the e-commerce space with Blue Apron Market, which delivers pantry items, utensils, and other cooking items to customers. The orders can be placed on Blue Apron both through its website and also through its mobile application.
Groupon Inc (NASDAQ:GRPN) – Another e-commerce firm worth looking into is Groupon Inc, which operates a platform that brings customers and merchants together. The company also sells services and goods from third parties. It also offers exclusive deals on a regular basis.
The company’s platform can be accessed by customers through websites and mobile applications. The company had been incorporated back in 2008 and is based out of Chicago Illinois.
Meta Materials (NASDAQ:MMAT) – Another company from the sector that could well be worth looking into is Meta Materials, which is involved in manufacturing and developing highly functional and sustainable materials. At this point, the company holds 269 active design patents. Moreover, it has issued a total of 37 patents in over 24 nations thus far.
Enthusiast Gaming (NASDAQ:EGLX) – Gaming is expected to be a major market in the metaverse and hence, it is only natural that Enthusiast Gaming, the biggest vertically integrated gaming media company finds a mention here. The company designs and markets games meant for the young generation and seeks to monetize those games eventually.
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