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In the metaverse world, Spain lags behind

Not taking the metaverse seriously is almost the equivalent of not having taken the Internet seriously when it started. Furthermore, it will be significant not only in and of itself, but also because its growth necessitates the development of other technologies and will offer a powerful impetus for them.

metaverse

MetaNews.

Investors can benefit from this.

This situation can benefit investors, as it did those who bought in the Nasdaq or the SP 500 ten years ago. Additionally received 600 percent and 200 percent higher returns, respectively, than those who invested in the Ibex35. Everything points to Spain arriving late and badly to the new technological revolution that the metaverse implies. As it did with the digital revolution and the industrial revolution before it.

Retail investors in Spain are now unable to purchase metaverse investment products. For starters, they are from North America, which means they are not from the European Union. Second, because they are ETFs (equivalent to third-generation investment funds or exchange-traded funds). A format that distributors despise because they are significantly cheaper and hence leave banks, securities firms. Additionally non-independent financial advisors with far less fee.

North American ETFs, which are the only securities truly qualified to invest in the metaverse, are not available to retail investors. And even if they could, the tax disadvantages of ETFs over regular funds would be a second impediment to participation.

More than buying Facebook.

Traditional finances aren’t equipped to participate in the metaverse’s early phases. Rather than buying Facebook, large corporations will purchase SMEs and startups to position themselves in the metaverse.

The only way to do so is to invest in products that have stock pickers that are familiar with the technology. Additionally the companies, which are often North American ETFs. Placing impediments in the way of these products has the unintended consequence of preventing Spaniards from participating in the future’s great technological business, even as passive investors.

In Spain, on the other hand, the priority is to develop the civil service rather than entrepreneurship. It’s not about helping small businesses and self-employed people; it’s about increasing their taxes, restrictions, and administrative hassles.

This hinders the formation of cutting-edge technological companies and separates us from enterprises that assist the metaverse’s establishment and growth, such as cloud computing, artificial intelligence, and blockchain technology.

Image credits: Shutterstock, CC images, Midjourney, Unsplash.

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