Matterport (MTTR) is one of the purest plays in the new market being referred to as the metaverse, and it has started to gain traction after Facebook officially changed its name to Meta Platforms (FB) last November.
At the time, Facebook’s CEO and founder, Mark Zuckerbrrg, said: “The metaverse is the next frontier in connecting people, just like social networking was when Facebook got started.”
In lay terms, the metaverse is simply an online virtual world that incorporates augmented and virtual reality, 3D holographic avatars, video, and animation, along with other forms of communication. As the metaverse expands, the goal will be to offer you a surreal alternative world in which to coexist.
This is where MTTR comes into the picture, as it is believed to be one of the key companies helping Meta Platforms build its version of the metaverse.
Find out more about MTTR stock here
The post This Stock Represents a Pure Play on Zuckerburg’s Metaverse first appeared at Investors Alley.