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6 Metaverse companies for the Future of Technology

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Xana
6 Metaverse companies for the Future of Technology

Virtual reality is a staple of science fiction movies and novels. It is a space that seeks to unify the natural world and the digital world. With the leap into VR technology and computing power, fiction is becoming a reality. It is not only in this space but also in demand for Metaverse companies.


Metaverse has the potential to be as big as the Internet. Below, we highlight some Metaverse companies  and an Exchange Traded Fund (ETF). They could be the big winners in this next wave of technology.


Fastly


  • Metaverse sector: Infrastructure
  • Market value: $6.3 billion


Cloud computing and decentralization have created a minor problem delay or data league. Users experience this all the time. They can click on a link in their internet browser and wait for the next page to be downloaded.

The distance needed to travel if they look at the weather is not a big deal. But in a self-driving car or undergoing robotic surgery, the data interval may be longer than a headache.

It is where Edge Computing and Technology Company Fastly (FSLY, $49.79) appears.


FSLY operates an Edge computing infrastructure as a service (IaaS) platform. The platform brings servers and other tools through data creation. Fastly's platform can transmit data worth 145 terabytes per second across 28 countries. It helps to reduce break time and decentralization delays.


In addition to its potential as a Metaverse company, FSLY also offers an exciting development game on the ever-expanding cloud computing. And yet, Fastly shares are trading at about $125 less than half the price of 2020. So investors can catch them by knocking out most of their foam.


Meta


  • Metaverse sector: Hardware and apps
  • Market value: $934.3 billion


Mark Zuckerberg and the new name Meta set a milestone for Meta Vision in 2014 when the company purchased VR startup Oculus. Overall, FB has had a difficult time with distribution in terms of social media operations, and this always seems like a junk business for the firm.

But Zuckerberg will finally have his last laugh.


In August, FB launched the public version of a new Oculus app called Horizon Workrooms. Using the firm's VR headset, users can attend meetings via Avatar. They can view their computer screen keyboard and even participate on virtual whiteboards.

FB is already a collection of communities through its various apps and communication platforms.


In the long run, it can bring a secondary stream of advertising revenue or fees to content creators on its platform and system. It is a long way off, but given the current status of Metaverse Company in hardware. 

Even better, FB represents a safe game on the development of Metaverse. The firm's profitability or cash flow generation cannot be denied. It can give conservative investors peace of mind as they look at the theme.


XANA


XANA is a layer-2 solution on Ethereum, custom-built for the metaverse. It is the next-gen metaverse where users can interact in virtual reality. They can create their avatars using NFTs and do business or participate in entertainment events in XANA World.


XANA provides an opportunity for creators to bring their digital assets to the metaverse. You can create a world of your own in the digital space where you have your digital assets in the form of NFTs. Because of its advanced technology, XANA is preferred by institutions for GameFi and P2E.

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