These 3 Canadian Metaverse Stocks are still Cheap!
Somebody told you to invest in Canadian Metaverse stocks but you don’t know what the Metaverse is? Metaverse rhymes with cyberspace, virtual word, augmented reality, and investing in it means investing for the future. Another proof of future: NFTs. NFTs (or Non-Fundible Token), are under the spotlights and can be sold for hundreds of thousands of dollars as proved the 50-second video by Grimes sold for almost $390,000 or the person who paid $6.6 million for a video by Beeple. We picked for you 3 companies that have everything set to see a good year 2022. And by the way, follow me on Twitter!
AMPD Ventures Inc. (AMPD.CN)
AMPD Ventures Inc. (AMPD.CN) likes to say their latest Private Placement is the “Road to Metaverse”. The Private Placement closed on November 25, 2021, and the Company issued 23,139,663 Units at a price of CAD $0.30 per Unit, for aggregate gross proceeds of CAD $6,941,900. It gives to the company bigger leverage to pursue its expansion. Another interesting part of the private placement is the expiry date of the warrants may be accelerated at the option of the Company if, at any time prior to the expiry of the Unit Warrants, the trading price of the shares on the CSE is or exceeds CAD $0.80 for a period of ten consecutive trading days.
Their most recent acquisition, Departure Lounge, is a Vancouver, BC-based company pursuing various technology and content initiatives related to the development of the Metaverse. The Acquisition is expected to enable AMPD to build upon its robust high-performance cloud and compute platform to expand its business across a range of Metaverse-focused initiatives.
According to the CEO, AMPD’s revenue will scale up in 2022 and he wants to be positioned as a leader in the Metaverse industry.
Liquid Avatar Technologies Inc. (LQID.CN)
Liquid Avatar Technologies Inc. (LQID.CN) provides verified users with Self Sovereign Identity services to manage, control, and benefit from their digital identity. Their solutions are the Liquid Avatar Verifiable Credentials Ecosystem (LAVCE) Programs that include Liquid Avatar Mobile App; Enterprise Solutions; Issuer Services; Verifier Services.
In an interesting business update released on December 9th, LQID has seen an earlier than anticipated rise in commercial activities with interim quarterly revenue, yet to be consolidated, generating approximately C$700,000 in revenue to date from October 1, 2021, to early December 2021, before direct costs of sales. The Company has also activated the new version of its Liquid Avatar Mobile App; enhanced its Liquid Avatar Verifiable Credentials Ecosystem; begun the activation plans for a US-based network card program; launched its Metaverse program, Aftermath Islands, through Oasis Digital Studios Limited, acquiring a 50% interest in the program; and engaged in other activities that are supporting the technology efforts of the Company to make it a leader in Digital Identity, Avatars, and the Metaverse.
ImagineAR Inc. (IP.CN)
ImagineAR Inc. (IP.CN) is an “AR-as-a-Service” platform for desktops that enables businesses of any size to create and implement their AR campaigns with no programming or technology experience. Even if the stock price is flirting with the 52-weeks-low, the company provided good results. According to the CEO, Alen Paul Silverrstieen, IP had revenue growth of 553% from last year and the Company is optimistic that revenue will continue to grow in 2022 as sports venues are opening to fans around the world.”
Still, in their update, the Company released “new versions of the SDK Platform, AR Cloud, and White-Label mobile app. The new ImagineAR SDK Version 1.4 can integrate natively with both IOS and Android mobile apps. The newly released AR Scavenger Hunt Feature includes player progress bars during hunts, improved player reward functions, and new unique Clue Cards for each client Scavenger Hunt game. Sports teams and businesses can create as many of their Scavenger Hunts globally with prizes and rewards unique to each geographic region”.
We could have thought that Covid affected the Company’s growth in revenue or expansion. Well, their numbers proved the opposite.
This article solely expresses the opinion of the writer which might be disagreeing with the other writers of Money,eh?. Moreover, the writer isn’t involved in AMPD, LQID, IP, and doesn’t own shares of the Companies.
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