Metaverse to Earn Money. Is It Real?
As a new gold mine and a successor of the entire Internet, Metaverse is becoming more accessible to everyone. Many investors and crypto enthusiasts worldwide have already witnessed the gold fever in the Metaverse. We saw how Facebook became META and how some NFT collectibles were sold for not millions but billions of dollars.
With time, the Metaverse is becoming less and less limited to tech giants or crypto bulls, and we all may wonder: how to earn money in the Metaverse? Is it even real to make a fortune in the Metaverse? So today, let’s discuss all the money-making opportunities the skyrocketing Metaverse could give all of us.
How to Make Money in the Metaverse?
Here are some of the best ways to make money in the Metaverse. Let’s check them out!
The name speaks volumes. Play-to-earn games are online games where players are rewarded with real-world value. Players must complete various tasks, fight other players, pass game levels, and much more. These rewards come in the form of in-game assets such as crypto tokens and coins, virtual land, in-game items, skins, weapons, and valuable NFTs. Play-to-earn gaming is expected to become more popular than traditional gaming in the near future.
Buy and sell virtual land
Virtual land or virtual real estate is a digital space or a land parcel that users can buy, sell, build and explore in the Metaverse. Many blockchain gaming platforms and projects such as Axie Infinity, Decentraland, and The SandBox have sold their limited virtual lands to major companies and big investors. Buying virtual land is considered a good investment opportunity with real potential for future rewards. Some industry experts predict that virtual earth will even follow in the footsteps of Bitcoin’s success.
Advertising in the Metaverse
Everyone can now offer virtual advertising within the Metaverse, for example, placing ads on virtual billboards. The Metaverse generally means a lot for marketing as it provides more data for growth marketing. Even though branding, marketing, and advertising in the Metaverse are new, it is already possible to leverage partnerships with brands, creators, and influencers who share the same values, interests, and audiences. Metaverse will increase the opportunities for people to gain real exposure to brands. That’s why the Metaverse is marketing’s next big thing.
Education in the Metaverse
The Metaverse is already transforming and revolutionizing online education, which is rising in popularity. It allows educators, instructors, and institutions to create not only a more immersive style of learning but also model teaching best practices. With the Metaverse, students can enjoy engaging and life-like online classrooms. Moreover, Metaverse supports immersive learning, enriches gamification in learning processes, and promotes communication in online education.
Online shopping and virtual clothing
We can buy a lot of things in the Metaverse, including real estate, in-game assets in video games, tickets to concerts and sporting events, and even real-world money. However, there’s something more than just online shopping. As the ability to shop in the Metaverse is already one of the most exciting possibilities, many luxury and fashion brands are looking for ways to get involved in this compelling virtual world vision and offer a more immersive and interactive experience. Furthermore, the Metaverse can allow users to try on luxury clothes online, create digital avatars in a virtual space, and make it easier for smaller designers to break into the market easily.
Create and monetize VR games
In the Metaverse, building and monetizing your own VR experience is more effortless. For example, creators and developers can design and publish their own end-to-end games in virtual reality (VR). Moreover, it doesn’t necessarily require advanced technical skills. General users can combine storytelling skills with special VR design platforms to monetize from this source. Virtual reality game monetization also includes in-game advertising, video ads, creating premium content, in-app purchases, in-game gifting, and more.
Host Metaverse events
In the Metaverse, it is also possible to conduct online events, which has already become a trendy way to make money in the Metaverse. We can mention hosting live concerts and festivals, throwing virtual parties, organizing virtual business meetings, and much more. What you need to do is to establish a particular goal, select the right venue, prepare attendees for success, and make time for connection. While conducting a virtual event in the Metaverse, you will not only monetize (by charging users in the form of paid tickets, for example) but actually enjoy this exciting, unique experience.
Become an NFT freelance artist
Non-fungible tokens (NFTs) have an immense impact on the world of art, especially in the financial aspect. That is why, if you feel creative and open-minded enough to give it a try, it is the right time to do so. What you need to do is to find a niche for your future NFT art, choose the technology that suits you (you can try different NFT generators or even simple Adobe Illustrator if you want to edit an existing piece of art), work on your NFT art, choose the NFT marketplace like OpenSea, and build a community through social media. The best thing about it is that it doesn’t matter whether you’re an experienced digital artist or have never tried it before. It is possible to make a name for yourself in the NFT art community and monetize on it.
Become a real estate agent in the Metaverse
Even if you have never thought about having a career in real estate, everything is more exciting and accessible when it comes to the Metaverse, which can be called the perfect starting point for you. However, becoming a successful real estate agent in the Metaverse is not as easy as it might seem. First, it requires a good understanding of the technologies behind virtual reality, resilience, and dedication. Nowadays, real estate agents in the Metaverse are more focused on such prominent Metaverses as The Sandbox and Decentraland, where you can buy and sell virtual land parcels. It is even possible to make a fortune by becoming a real estate dealer of virtual luxury property.
Become a Metaverse architect and designer
If you are an architect or a designer in 2022, being interested in the Metaverse is a must. There are a lot of exciting opportunities to design in the Metaverse and monetize on it. The wish of well-known brands, companies, and tech giants to delve into the Metaverse is creating more chances for architects and designers to produce unique 3D models of buildings.
Open an art gallery in the Metaverse
It is definitely easier to open your own art gallery in the Metaverse than in real life because you don’t even have to leave your home! Moreover, the entire art world wants to see a digital upgrade by moving into the Metaverse. What you need to do is choose a platform like Spatial or Oncyber.io. Both offer easy ways for artists and collectors to display their digital art in fully immersive 3D experiences. After that, you simply import your artworks or choose NFTs from your digital wallet. Finally, you can curate and create everything however you like.
Metaverse travel and tourism
The Metaverse has already affected and influenced the travel industry. After the rise of the COVID-19 pandemic, when many countries blocked incoming flights and stipulated long quarantine periods, many people turned away from physical travel and looked for alternatives, in particular, VR and Metaverse travel solutions. Even now, Metaverse travel can offer safer and, most importantly, less costly ways to explore new destinations. For those who need to travel abroad for studies and work, the Metaverse can also become a kind of solution when going on a trip is impossible. Even though the Metaverse is not ready to provide a real vacation, it might exist in years to come.
How to Start Investing in the Metaverse?
There are different ways to start investing in the Metaverse. You can start with buying digital assets, including Metaverse stocks, virtual lands, non-fungible tokens (NFTs), and crypto tokens. But let’s check out the most exciting Metaverse investment opportunities.
Buying trending NFT collectibles is truly exciting as you can invest in something one-of-a-kind and make profits. However, you must be sure to purchase something with real utility and value. You can also rent NFTs, trade and stake them, play NFT games, adopt NFT-powered yield farming, and invest in potentially successful NFT startups. However, do your own research (DYOR) before making any investment decision. Find out more in the GamesPad DYOR guide.
Holding Metaverse tokens
Many Metaverse projects and their native coins show real potential for crypto investors and traders worldwide. Such exciting projects as The Sandbox, Axie Infinity, Decentraland, and Enjin Coin have helped investors to make significant profits. In addition, metaverse tokens can be used for many things, including paying fees, buying land, and participating in governance. That is why holding Metaverse tokens is another good way to invest in Metaverse.
Participating in IDO deals
Participating in IDO deals is another way to start investing in the Metaverse. IDO (Initial DEX Offering) is considered the latest renaissance of crowdfunding. Finding the best IDO cryptos is a great way to get in early on projects with explosive growth potential, and it also provides other long-term benefits.
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As we can see, the Metaverse has enormous potential to revolutionize our way of life by providing a virtual environment that blurs the line between digital and real. In the Metaverse, we have the opportunity to do more than just play games, try on branded clothes, and attend online concerts. By investing in the Metaverse, we have every chance of making huge profits and getting our businesses to the next level.
Can you work in the Metaverse?
Briefly speaking, the Metaverse is a shared virtual world. So if you are able to work remotely, you can work in the Metaverse. In theory, you will need to just create an avatar and wear virtual reality headsets. You can also work as an NFT artist, virtual real estate dealer, Metaverse designer, open an art gallery in the Metaverse, etc.
How luxury brands are making money in the Metaverse?
Luxury brands usually release virtual luxury goods in limited quantities, and users can purchase them and receive an NFT as a virtual certification of ownership. However, there are also other ways for luxury brands to participate and make money in the Metaverse.
What professions in the Metaverse will be most in demand?
Many roles, including AR and VR software engineers, product managers, game designers, hardware engineers, marketing specialists, digital artists, media reporters, community managers, blockchain developers, project managers, frontend and backend engineers, and gamification strategists, are likely to be most in-demand in the future.
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Disclaimer. This material should not be construed as a basis for making investment decisions or as a recommendation to participate in investment transactions. Trading digital assets may involve significant risks and can result in the loss of invested capital. Therefore, you must ensure that you fully understand the risk involved, consider your level of experience, investment objectives, and seek independent financial advice if necessary.