$XRA re: the metaverse It’s not often that I say this, but sometimes when I read about the metaverse I feel like a boomer. But I think what that really means is that the industry is going to be bigger than I can even comprehend.
When looking at new tech and how to gain exposure to it in the market, I think there are two schools of thought. Firstly, you can gamble on what you think is going to be the front-end company or platform that makes it big. That can either be an environment like The Sandbox or Decentraland and the currencies/assets therein, or companies building the hard goods that allow integration into the metaverse like VR/AR headsets.
On the other hand, you can invest in the infrastructure. The companies that are developing the tools and SDK’s to simplify the growth and expansion of the metaverse. There are a few companies I’m watching in this space but one of the ones I’m most interested in is XRApplied $XRA/$XRA.C.
$XRA is working towards expanding the use-cases for XR and through their work are both growing the industry as a whole, and securing their place within.
With the XR industry expected to grow to $463.7 billion in 5 years, I think it’s safe to say that $XRA is a bargain waiting to blow up right now. Currently, $XRA is trading at $.28 and the company has an MCAP of $18.9 million, which seems like a steal considering how much of an important part of the industry they are working towards becoming.
https://www.bnnbloomberg.ca/how-xrapplied-is-capitalizing-on-the-explosive-growth-of-the-xr-technology-market-1.1682178