eToro has created the Web3Applications Smart Portfolio to help investors take advantage of the increasing use and development of Web3 technologies.
This portfolio is designed for long-term investors who want to be involved in the Web3 revolution. It invests in decentralised applications (dApps) and companies that are working with them to create and use Web3 technology.
This Smart Portfolio gives you access to both digital tokens that drive dApps (mainly beyond the finance industry) and companies that cooperate with dApps to create modern business models and enhance their customers’ experiences.
Examples of cryptoassets in the Smart Portfolio include:
- FIL: The cryptocurrency for the Filecoin platform.
- FET: The token associated with the Fetch.ai network.
- BAT: The token used with the Brave web browser.
-Nike: Released a platform called .SWOOSH, where users can buy and trade digital collectibles such as virtual shoes or jerseys.
-Samsung: Signed a deal with blockchain company Theta Labs to create an NFT ecosystem for its Galaxy mobile phones.
-Oracle: Partnership with Web3 services platform Chainlink to help start-ups to sell their data.
By including 30 different securities in the Smart Portfolio, each holding an equally weighted position, the risk associated with any one security is greatly reduced. While this can’t eliminate the risk entirely, it reduces the chance that one or two securities crashing will cause a big drop in the value of the entire portfolio.
The Web3Applications Smart Portfolio makes it easy for investors to invest in new, cutting-edge Web3 technologies. By putting money into this portfolio, investors can capitalize on the potential of the modern digital world.
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