The metaverse has gained popularity in recent months, especially from big tech companies. This has caused a surge in stocks that are working on metaverse projects. As a result, many of these stocks are now overvalued. Hence, metaverse stocks Roblox (RBLX), Unity Software (U), and Matterport (MTTR), are best avoided now.The term ‘metaverse’ has gained a lot of popularity recently after social media giant Facebook (NASDAQ:FB) changed its name to Meta Platforms Inc. (FB), and Microsoft Corp . (NASDAQ:MSFT) has staked its claim over this newest innovative hyper-real alternative world, based on augmented reality.
Investors have increased transactions in cryptocurrencies to buy metaverse ‘real-estate.’ However, this land buying is still speculative, and it is unclear whether this boom is actually a bubble. The metaverse is still on the build, and the question of privacy invasion has been raised, with low trust on FB, the metaverse forerunner.
Therefore, it might be best to avoid overvalued metaverse stocks of Roblox Corporation (RBLX), Unity Software Inc. (U), and Matterport, Inc. (MTTR) in December.