Caymans Post

A world within. A state apart.
Thursday, Mar 28, 2024

'Mad Money' Jim Cramer Names Three Metaverse Companies One Should Invest In

'Mad Money' Jim Cramer Names Three Metaverse Companies One Should Invest In

The term metaverse was coined in the 1992 science fiction novel "Snow Crash" where humans interact with each other as avatars in an online realm that resembles the real world, but is computer generated. In recent years, tech companies have been exploring ways to create this world using augmented reality tools.

Less than three weeks has passed since Mark Zuckerberg (CEO of Meta, formerly known as Facebook) announced that the company has plans to build a metaverse, but pundits have already begun advising which firms individuals should invest in.

Jim Cramer, a former Goldman Sachs stockbroker and host of the financial programme "Mad Money", said "many" tech companies will try to claim a piece of the metaverse, but singled out four standout stocks investors should purchase.

Roblox


The online gaming platform and game creation system has long voiced its interest in the metaverse. "Our whole company is really focused on the innovation to drive and shepherd this vision of what some people call the metaverse — or human co-experience — forward", said CEO David Baszucki.

Outlining its vision, the company said it wants to create a place where "people can come together within millions of 3D experiences to learn, work, play, create, and socialise". Roblox has already created its own world – a virtual online space where individuals create games, which are then played by other users.

Chief of Technology Dan Sturman said the firm wants to empower its community and give them the tools to maintain relationships as they exist in real life.

Unity


The software development company is best known for its game engine used for 3D content creation. Unity recently purchased the Academy Award-winning visual effects studio Weta, which worked on such movies as "Lord of the Rings" and "Avatar".

Just like other companies on the list, Unity is making ambitious plans about creating a metaverse. It is known that Weta specialises in facial animation and creating virtual cityscapes. Announcing the purchase, Unity said it wants to give content creators high-performance tools to bring their vision to life in a virtual world.

"Our goal is to put these world-class, exclusive VFX tools into the hands of millions of creators and artists around the world, and once connected with the Unity platform, enable the next generation of (real-time 3D) creativity. Whatever the metaverse is or will be, we believe it will be built by content creators, just like you", the company said in a blog post.


Nvidia


The last company on the list doesn't need an introduction – the graphics processing unit in your computer was probably made by Nvidia. However, the multinational technology company also specialises in other things like cloud gaming services, application programming interfaces, and the production of systems on chip units.

Its latest creation is Omniverse – a platform for connecting 3D worlds into a shared virtual universe. The company said its product has already been in use across a growing number of industries for projects such as design collaboration and creating "digital twins", simulations of real-world buildings and factories.

"A constant theme you'll see — how Omniverse is used to simulate digital twins of warehouses, plants, and factories, of physical and biological systems, the 5G edge, robots, self-driving cars, and even avatars", said Nvidia CEO Jensen Huang.

Newsletter

Related Articles

Caymans Post
0:00
0:00
Close
Paper straws found to contain long-lasting and potentially toxic chemicals - study
FTX's Bankman-Fried headed for jail after judge revokes bail
Blackrock gets half a trillion dollar deal to rebuild Ukraine
Israel: Unprecedented Civil Disobedience Looms as IDF Reservists Protest Judiciary Reform
America's First New Nuclear Reactor in Nearly Seven Years Begins Operations
Southeast Asia moves closer to economic unity with new regional payments system
Today Hunter Biden’s best friend and business associate, Devon Archer, testified that Joe Biden met in Georgetown with Russian Moscow Mayor's Wife Yelena Baturina who later paid Hunter Biden $3.5 million in so called “consulting fees”
Singapore Carries Out First Execution of a Woman in Two Decades Amid Capital Punishment Debate
Google testing journalism AI. We are doing it already 2 years, and without Google biased propoganda and manipulated censorship
Unlike illegal imigrants coming by boats - US Citizens Will Need Visa To Travel To Europe in 2024
Musk announces Twitter name and logo change to X.com
The politician and the journalist lost control and started fighting on live broadcast.
The future of sports
Unveiling the Black Hole: The Mysterious Fate of EU's Aid to Ukraine
Farewell to a Music Titan: Tony Bennett, Renowned Jazz and Pop Vocalist, Passes Away at 96
Alarming Behavior Among Florida's Sharks Raises Concerns Over Possible Cocaine Exposure
Transgender Exclusion in Miss Italy Stirs Controversy Amidst Changing Global Beauty Pageant Landscape
Joe Biden admitted, in his own words, that he delivered what he promised in exchange for the $10 million bribe he received from the Ukraine Oil Company.
TikTok Takes On Spotify And Apple, Launches Own Music Service
Global Trend: Using Anti-Fake News Laws as Censorship Tools - A Deep Dive into Tunisia's Scenario
Arresting Putin During South African Visit Would Equate to War Declaration, Asserts President Ramaphosa
Hacktivist Collective Anonymous Launches 'Project Disclosure' to Unearth Information on UFOs and ETIs
Typo sends millions of US military emails to Russian ally Mali
Server Arrested For Theft After Refusing To Pay A Table's $100 Restaurant Bill When They Dined & Dashed
The Changing Face of Europe: How Mass Migration is Reshaping the Political Landscape
China Urges EU to Clarify Strategic Partnership Amid Trade Tensions
Europe is boiling: Extreme Weather Conditions Prevail Across the Continent
The Last Pour: Anchor Brewing, America's Pioneer Craft Brewer, Closes After 127 Years
Democracy not: EU's Digital Commissioner Considers Shutting Down Social Media Platforms Amid Social Unrest
Sarah Silverman and Renowned Authors Lodge Copyright Infringement Case Against OpenAI and Meta
Italian Court's Controversial Ruling on Sexual Harassment Ignites Uproar
Why Do Tech Executives Support Kennedy Jr.?
The New York Times Announces Closure of its Sports Section in Favor of The Athletic
BBC Anchor Huw Edwards Hospitalized Amid Child Sex Abuse Allegations, Family Confirms
Florida Attorney General requests Meta CEO's testimony on company's platforms' alleged facilitation of illicit activities
The Distorted Mirror of actual approval ratings: Examining the True Threat to Democracy Beyond the Persona of Putin
40,000 child slaves in Congo are forced to work in cobalt mines so we can drive electric cars.
BBC Personalities Rebuke Accusations Amidst Scandal Involving Teen Exploitation
A Swift Disappointment: Why Is Taylor Swift Bypassing Canada on Her Global Tour?
Historic Moment: Edgars Rinkevics, EU's First Openly Gay Head of State, Takes Office as Latvia's President
Bye bye democracy, human rights, freedom: French Cops Can Now Secretly Activate Phone Cameras, Microphones And GPS To Spy On Citizens
The Poor Man With Money, Mark Zuckerberg, Unveils Twitter Replica with Heavy-Handed Censorship: A New Low in Innovation?
Unilever Plummets in a $2.5 Billion Free Fall, to begin with: A Reckoning for Misuse of Corporate Power Against National Interest
Beyond the Blame Game: The Need for Nuanced Perspectives on America's Complex Reality
Twitter Targets Meta: A Tangle of Trade Secrets and Copycat Culture
The Double-Edged Sword of AI: AI is linked to layoffs in industry that created it
US Sanctions on China's Chip Industry Backfire, Prompting Self-Inflicted Blowback
Meta Copy Twitter with New App, Threads
The New French Revolution
BlackRock Bitcoin ETF Application Refiled, Naming Coinbase as ‘Surveillance-Sharing’ Partner
×