Image source: Pixabay

The global metaverse market (read What Is the Metaverse? How Is It Intended To Work?) is projected to grow from $100.27 billion in 2022 to $1.527 trillion by 2029 according to a market research report by Fortune Business Insights. That represents a compound annual growth rate (CAGR) of 47.6% driven by rapidly growing online e-commerce and gaming markets, as well as the emergence and growth of blockchain technology.

The munKNEE Metaverse Stocks Index tracks the stock performance of the 10 best metaverse stocks to buy in 2022, according to Elliott Wave Forecast, and below is how its constituents performed in November, in descending order, and YTD:

1. Unity Software Inc. (U): UP 40.1% in November; still DOWN 71.4% 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.
2. Meta Platforms Inc. (META): UP 24.5% in November; still DOWN 63.3% YTD
   • is investing billions to create software and content for augmented reality and virtual reality applications, allowing it to address multiple metaverse angles.
3. Nvidia Corp. (NVDA): UP 22.0% in November; still DOWN 42.6% 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.
4. Match Group Inc. (MTCH): UP 11.4% in November; still DOWN 63.2% YTD
   • is expanding its matchmaking efforts into the virtual realm by integrating avatar-based virtual experiences into its portfolio of mobile applications.
5. Microsoft Corp. (MSFT): UP 8.1% in November; still DOWN 23.8% YTD
   • is enabling shared experiences from anywhere through mixed reality applications.
6. Autodesk Inc. (ADSK): DOWN 7.1% in November; now DOWN 28.5% YTD
   • is offering a suite of technologies for rendering 3D animation, building and launching virtual buildings, and creating within virtual reality and augmented reality environments.
7. Take-Two Interactive (TTWO): DOWN 12.3% in November; now DOWN 38.8% YTD
   • is generating more revenue from metaverse technology than any of its competition.
8. Cloudflare Inc. (NET): DOWN 12.6% in November; now DOWN 63.2% YTD
   • is providing the underlying networking and data services required to make the metaverse a reality by using a software-defined networking model that replaces networking hardware such as routers, switches, and load balancers with far cheaper and more scalable software.
9. Matterport Inc. (MTTR): DOWN 12.8% in November; now DOWN 84.9% 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 augmented reality features.
10. Roblox Corp. (RBLX): DOWN 25.8% in November; now DOWN 67.1% 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.

The munKNEE Metaverse Stocks Index went UP 4.1% in November but is still DOWN 47.2% YTD.

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