Metaverse millionaire is a nice title, right? There are some investors who could become millionaires if the metaverse companies deliver on their potential.
Some metaverse are getting the most attention. Obviously, Meta Platforms, formerly named Facebook, could be the huge winner. The company is spending billions on its development efforts. Unity, Nvidia, and Roblox also are now staking their claims to this metaverse.
But there are a couple of less well-known companies that can be huge winners. Here are two under-the-radar metaverse companies that can make you a fortune.
1. Matterport
Some say the metaverse as one giant video game. However, another way to think of it is like a new 3D virtual world that is as real as the physical one. Matterport is one company that is helping to bring the physical world into the metaverse.
Matterport’s technology allows the formation of “digital twins” of physical spaces. Apartments, homes offices, boats, and more can be replicated virtually. So far, Matterport has 6.2 million areas under management — over 100 times the rest of the market.
Matterport estimates that its overall addressable market could reach $240 billion by focusing on these sorts of applications. But the firm’s opportunity can be even bigger by moving physical things into the metaverse.
Matterport’s tech could be crucial in uploading real-world buildings to the metaverse. With Meta Platforms CEO Mark Zuckerberg seeing the ability to teleport anywhere inside the metaverse, bringing the physical world into this metaverse seems to be crucial to his company’s efforts.
2. Immersion
Investors have not fared well with Immersion. The tech stock has fell by almost half so far this year. But the metaverse presents a big opportunity.
The company is a forward thinking pioneer in the creation of haptic technology, which gives touch feedback to users. It has over 1,700 issued or pending patents for its haptic tech.
Immersion’s business model is to license this technology to manufacturers. Customers include gaming-device makers, automotive suppliers, and mobile-device companies. Bosch, Apple, Google, Nintendo, Sony, Samsung, and many other firms use Immersion’s haptic tech.
The company’s current market cap is just around $200 million. Immersion might grow much larger if the new metaverse rises and serves as the next catalyst for their haptic-technology licensing sales.
Author: Steven Sinclaire
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