It’s no secret 🤫 that you can make real money in virtual spaces 🤑. New innovations are escalating nearly unmanageable new metaverse experiences, and substantial quantities of cash are involved. Musicians 🎷 and start-up businesses are being crowned as leaders of a brand-new age with the aid of the virtual reality headset. However, for those less versed in virtual events and metaverse platforms, the whole process can seem fishy. How in the world can you actually make money in the metaverse?
To be honest, there are a lot of ways to make money in the metaverse! Here are just four ways you can get your fingers 👐 in the virtual pot even if you’re just a regular computer user and not a super-coder creating digital worlds.
1. Real Estate 🏡
It’s a great time to become a metaverse digital landholder. Just like physical properties, a plot of land with proximity to well-traveled roadways or preferred destinations can add value to your properties 🤩. On the other hand, larger digital properties in a farther location can supply personal privacy and more space for growth for the right buyer.
If you play your cards right 👌, you can end up working with real estate flipping for virtual land. Many businesses are now becoming more willing to invest in metaverse real estate and plots of land. Right now, many businesses are curious 🤔 about virtual plots, but they lack the wherewithal and confidence to spend on a piece of land in the metaverse. They’re driving their very own web traffic and can afford to market extensively, so the possibilities are endless.
For these timid plutocrats, the assistance of a metaverse guide (like you! 😃) to show them around virtual properties could make all the difference. Real estate companies in the metaverse are buying up virtual land parcels, getting involved in real estate designing, and real estate management in the digital space as you read this. And guess what? You could be a virtual land broker too.
2. Freelance Work 👩💻
The metaverse has its very own economic system complete with huge amounts of job opportunities and business opportunities. For example, a virtual reality gallery can organize scenic tours led by a freelance tour guide to aid site visitors in acclimating themselves. Virtual reality concert halls might call for bouncers, concession workers, and so forth. There are so many possibilities and so many new ways for you to find 🧐 work.
3. NFT Creation and Curation
NFTs have exploded recently 🌋. Over $400 million have been invested in NFTs at the time of writing, and in 2022, Christie’s auctioned off an item of electronic art by Beeple using NFT for an insane $69 million 💸. Metaverse users are snapping up NFTs left and right, so much so that most average folks are familiar with this metaverse concept now.
That being said, it’s not all about making art. You can open up an NFT art gallery 🎨 and offer someone’s virtual assets in return for a cut of the earnings. As an art broker, you could guide metaverse customers on exactly how to shop digital items in this newly-minted NFT world.
The truth is, in the metaverse, you can transform any of your developments into NFTs (or non-fungible tokens). That’s right; you’re not limited to works of art 🎭. The metaverse counts on characters, manors, digital clothing, collectible cards, devices, and various other electronic products developed and produced by individuals. Every little digital piece plays a vital role in virtual economies, and tens of thousands of users create new ones each day.
4. Metaverse Native Cryptocurrencies
The most basic method to obtain associated with the metaverse is via cryptocurrencies and electronic assets. When Facebook rebranded itself as Meta in 2021, the majority of significant metaverse cryptocurrencies, such as SAND and MANA, saw a rapid rise in worth 📈. People started to accept the idea of online worlds and fill their cryptocurrency wallets.
If you think that a metaverse task will take off, you might decide to load your virtual wallet with some of its cryptos. While waiting for your investment in virtual worlds to pay off, you can become one of the active users 👨💻 in that digital reality and create passive returns via staking (sort of like in-house investing) on platforms like The Sandbox or Axie Infinity. Otherwise, most leading metaverse coins can be swapped on decentralized exchanges such as SushiSwap or Uniswap.
Making Money via the Metaverse Economy
We only scraped the surface of how to make money using the new virtual experience. There are so many other ways to monetize the metaverse, including blockchain-based games, virtual parties, virtual malls, internal infrastructure building, crypto mining, and more. There’s an entire ecosystem of possibilities in the metaverse revolution; you just have to decide how you fit 🤩.
If you want to keep up on the newest Web3 news, be sure to sign up ✍️ for the Ian Corzine newsletter! We’ll keep you up to date on the virtual realm and a wide range of metaverse news.