The revolution of the Metaverse is already in our time — and the race for virtual gold begins. This new digital frontier is attracting a lot of attention, from big tech names to ordinary users seeking to be the first to take advantage of the endless possibilities that the metaverse provides. From getting a virtual job to creating new forms of art and entertainment, there are several ways to create and exchange value for real benefits as a result of your experience in the metaverse. And it’s probably a lot easier than you imagine. A list of ways to make money in the metaverse.
• CREATING AN NFT
The NFT craze at the moment is gas and no interruptions. In 2021, they basically exploded into the art world thanks to headline-grabbing news like the $69 million NFT Beeple auction or the Bored Ape Yacht Club and CryptoPunk.incredible price run-up. But in the metaverse, you can turn any of your creations into NFT (or non-interchangeable tokens) and sell them on open markets. The metaverse will rely on avatars, mansions, clothing, collectible cards, equipment, and other digital items fully designed and created by users to grow and support an open economy. There are many guides on the Internet on how to create an NFT, which, in fact, is a digital proof of ownership and authenticity of a given item, virtual or not. But for those who are not particularly interested in this, there are other options, for example, just open an NFT art gallery and sell other people’s works in exchange for a portion of the profit, or become an art broker, advising metaverse clients on how to better navigate this new NFT world.
• REAL ESTATE
Virtual real estate has recently been experiencing a massive boom, when in the race for digital land, plots in such metaverses as Decentraland, Axie Infinity and The Sandbox are being sold for millions. Obviously, there are a number of features ready to use:
– Real estate exchange: purchase of plots of virtual land or digital property and resell them at a higher price with a difference.
– Real estate mediation: With so many real estate transactions, the need for virtual
real estate companies is only increasing. You can earn generous commissions by linking buyers and sellers or just giving advice as a real estate broker.
– Rent: Just like in real life, you can buy a plot of land, build a house or other property, and then rent it out. You can also use your property for advertising, especially if it is located in areas with heavy traffic.
– Property management. Another great way to monetize your metaverse real estate experience is to become a property manager for other users, including controlling how virtual venues such as concert halls and land plots are best used.
– Real estate design: Conceptualizing and bringing to life plots of land and metaverse buildings can be a very profitable business. Whether it’s private property, a shopping mall or a stadium, the need for specialized 3D designers will soon become one of the most sought-after professions in virtual worlds.
Many companies are rushing to the metaverse to establish their virtual presence, as well as to use it as the main advertising platform. As in the real world, brands can open stores in virtual shopping malls and advertise goods and services on a number of virtual platforms, including the rental and sale of virtual reality advertising. As more and more users join the metaverse, it can be expected that it will become a large-scale marketing and advertising platform.
One of the first uses of the metaverse was fashion. Famous fashion houses such as Louis Vuitton and Gucci are already experimenting with virtual clothing in the form of NFT collections. Games have also become another successful area of brand collaboration with initiatives such as Burberry x Blankos Block Party and Valentino x Animal Crossing. But almost anyone can create a digital clothing line and earn income in the metaverse. Even if you are not a fashion designer, you may like to come up with different images for your own avatars and help your friends customize them.
With the pandemic forcing schools to close and millions of students around the world having to attend online lessons, the potential of virtual learning has become obvious. As it evolves, the metaverse will become an increasingly immersive space that will allow classrooms to become even more personalized and interactive. Thus, tutoring and educational initiatives will definitely gain momentum.
• CREATING A BUSINESS
The metaverse is an ideal environment for entrepreneurs. Users can open stores and start their business easier than in the real world. Whether it’s fashion, sports collectibles, real estate or entertainment, there are an infinite number of businesses that can help you make money in the digital world.
Currently, games are the leading activity in metaverse-like environments such as Roblox and Fornite. By playing blockchain-based games or investing in metaverse activities, users can collect game assets and exchange them for tokens that can have real value, as in the case of a game, to earn games (check out our previous introduction to P2E). You can also earn money by creating games that others can play and enjoy in the metaverse.
• PROMOTION AND HOLDING OF EVENTS
Entertainment will play a vital role in metaverses such as Sensorium Galaxy, which will host concerts by superstars such as David Guetta and Armin van Buren. Parties, concerts and sporting events are sure to attract thousands (if not millions) of fans, so promoters and presenters will be just as necessary as in the real world to make sure that mind-blowing events take place in virtual worlds.
• TESTING METAVERSE PRODUCTS
As more products appear in the metaverse, there will be a need for users who will be able to test them and leave feedback. With such a wide range of industries and businesses about to step into the virtual universe, the opportunities to experiment with digital assets are limitless.
The metaverse is money, then companies will certainly want to participate too. The decentralized nature of the blockchain will potentially reduce the need for intermediaries in financial transactions, but companies will still have many opportunities to generate income, perhaps even more than in the current economy. Companies like Meta will introduce large platforms where people will work, play and gather.
Major brands such as Dolce&Gabbana, Coca-Cola, Adidas and Nike are also part of the NFT. In the future, by purchasing a physical world item from a company, you will also gain ownership of the associated NFT in the metaverse.
In the Metaverse, you will need cryptocurrency. Digital goods such as avatars, avatar clothing, avatar animation, virtual jewelry and weapons will also be stored in the crypto wallet.
What will people do with cryptocurrencies? Among other things, to pay in stores. Just like on the Internet, you will be able to buy traditional digital goods — music, movies, games and applications. In the metaverse, it will be possible to buy objects of the physical world, looking at 3D models of goods, which will make more informed decisions.
For these purposes, one of the safest places to store cryptocurrency is the ABApay wallet (https://abapay.eu). This service provides a profitable exchange of cryptocurrencies and secure money transfers around the world. ABApay offers a personal manager and the ability to manage your finances from anywhere in the world. Take care of your money and choose reliable and trusted partners.