Given the footprint of the metaverse ecosystem, from the platforms themselves, like Meta, to virtual reality headsets and burgeoning non-fungible token markets, the opportunity to invest in this new digital realm is vast. However, as with any new business, there are many risks, known and unknown, for potential investors.

This article defines the metaverse, explains the two main ways to invest in it, and points readers to some of the companies that are betting big on technology. We also list the vehicles for direct investment and the main risks.