Image source: Pixabay

Metaverse stocks might be all the rage these days but such hype was not reflected in their stock prices in June (-11.7%) and this article reveals the performances of the 10 constituents in the munKNEE Metaverse Stocks Index for the month of June and YTD.

Before we go any further, please refer to my article entitled What Is the Metaverse? How Is It Intended To Work? which provides the answers as highlighted below:

• The metaverse generally refers to the concept of a highly immersive virtual world, where users will be able to interact with other humans and objects in virtual worlds in a deeper, multi-sensory, richer way.
• It encompasses technologies like augmented reality, virtual reality, artificial intelligence, procedural image generation, cryptocurrencies and non-fungible tokens (NFTs) among a huge number of other developments.
• In layman’s terms, the metaverse is a virtual reality world where you can go to work, go to school, browse store shelves, play games, watch concerts, and many other things without leaving your (physical) home.

The munKNEE Metaverse Stocks Index tracks the stock performance of the 10 best metaverse stocks to buy in 2022, according to Elliott Wave Forecast. Below is an update of their performances in June, in descending order, along with their YTD numbers.

1. Roblox Corp. (RBLX): UP 17.1% in June; -66.0% YTD
   • is creating a platform for immersive co-experiences where people can come together within millions of 3D experiences to create their own “worlds” where they can interact and play with others over the internet.
2. Take-Two Interactive (TTWO): UP 0.3% in June; -29.7% YTD
   • is generating more revenue from metaverse technology than any of its competition.
3. Microsoft Corp. (MSFT): DOWN 4.5% in June; -22.5% YTD
   • is enabling shared experiences from anywhere through mixed reality applications.
4. Unity Software Inc. (U): DOWN 6.1% in June; -73.7% YTD
   • is the leading platform for creating and operating interactive, real-time 3D content, giving creators the power to build complex, data-oriented apps using its Mixed and Augmented Reality Studio tool.
5. Match Group Inc. (MTCH): DOWN 9.3% in June; -45.9% YTD
   • is expanding its matchmaking efforts into the virtual realm by integrating avatar-based virtual experiences into its portfolio of mobile applications.
6. Autodesk Inc. (ADSK): DOWN 16.3%; -38.2% YTD
   • is offering a suite of technologies for rendering 3D animation, building and launching virtual buildings, and creating within virtual reality (VR) and augmented reality (AR) environments.
7. Meta Platforms Inc. (FB): DOWN 17.4%; -52.4% YTD
   • is investing billions to create software and content for augmented reality and VR applications, allowing it to address multiple metaverse angles.
8. Cloudflare Inc. (NET): DOWN 18.0% in June; -65.1% YTD
   • is providing the underlying networking and data services required to make the metaverse a reality by using a software-defined networking (SDN) model that replaces networking hardware such as routers, switches, and load balancers with far cheaper and more scalable software.
9. NVIDA Corp. (NVDA): DOWN 22.2% in June; -50.1% YTD
   • is producing graphics and video processing chips for artificial intelligence and high-end computing and its products play an integral role in powering the metaverse.
10. Matterport Inc. (MTTR): DOWN 34.1% in June; -82.5% YTD 
    • is providing 3D cameras which bring depth to an image and 360 cameras which bring multiple angles on an app to capture these images on your smartphone as well as software that pulls this all together into one digital twin of the space, and applications to layer on AR features.

Despite all the excitement about the metaverse, the munKNEE Metaverse Stocks Index went DOWN 11.7% in June and is now DOWN 45.9% YTD. 

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