Many have been geeking hardcore on cryptocurrencies, non-fungible tokens (NFTs), and the Metaverse. There’s a massive hype surrounding these three because of the tremendous interests fueled by never-heard-before ideas and techniques to do things pretty in an entirely new way.
Countless doors of opportunities are flooding the space, just like when we first shifted from paper publishing to the Internet, from Web 1.0 to Web 2.0. discovering the next coming wave isn’t just meant for your personal interest. It isn’t just so you could know the trend, but it is essential in making money in the new coming era.
If you think Metaverse, blockchain technology, and crypto talks are rubbish, you should realize that you just look the same as your parents when you tell them a fantastic business idea, and they think of it as nonsense. If you are hypercritical about everything, you will eventually miss out on big opportunities.
This article will reveal how you can make money with Metaverse this 2022. But before actually proceeding to the ‘secret,’ let me give you a brief background of what Metaverse is.
What is Metaverse?
If you have played The Sims or Second Life before, it will be pretty easy for you to paint a picture in your mind of what Metaverse is. It is basically an online world (or a virtual space) where you can go to. It is the by-product of the combination of multiple facets of technology, including augmented reality, video, and virtual reality.
In Metaverse, users can “experience” and “live” in the digital universe. Facebook has already led the virtual world revolution and has recently changed its name to Meta.
Mark Zuckerberg, Facebook Founder, and CEO calculated that it would take about 5 to 10 years before the vital elements of Metaverse become mainstream. But some of its minor aspects are already lives, from virtual reality headsets and ultra-fast broadbands.
You can literally do everything in Metaverse. You can have a meeting, play games with your friends, enjoy a concert, and the likes— there is no limit to what you can do. But now, let’s first chatter on how you can make money with it today.
1. Invest in Metaverse properties
In the coming years, more and more people will build virtual worlds, and people are buying digital lands early with the hopes of increasing their value in the future. You can purchase land and hold it similarly to how you hold land in the real world in Decentraland and SandBox.
The land can be used to build a virtual building or shop where users can buy online goods, and landowners can rent the land or sell them at a much higher price, just like in the real world. The smallest, most inexpensive piece of land you can buy currently in the Decentraland costs 3780 Mana (1 Mana=$2.82).
2. Invest in Metaverse Index (MVI)
Similar to the stock market index that captures the top-performing companies in a nation, the Metaverse Index (MVI) seizes the crazes of the business, entertainment, and gaming that reside in the virtual space. Through MVI, the risk involved in buying Metaverse-related tokens declines significantly. This is because MVI includes the trends of nearly all the outstanding Metaverse tokens in existence.
Numerous developments are still getting done in the pipeline, but Metaverse is surely constantly evolving. Currently, Metaverse Index is trading at around $238.52. Despite the given high potential of gains, it is still advisable to do thorough research before putting your money on the line.
3. Invest in Metaverse tokens
If you don’t want (or don’t have the financial capability) to invest huge amounts of money in buying a land property in Metaverse games, one of the most straightforward options you have to make money is to buy tokens associated with it. As long as Metaverse performs well in the future, you can get a similar upside when owning land.
Look out for tokens of Metaverse-oriented games like Decentraland or SandBox. The market is down at the time of writing, so you could buy the coins at a discount and hold them long-term to make big bucks (although you can also earn small margins if you go short-term).
However, you have to be careful in buying tokens since the cryptocurrency market is extremely volatile. Although there’s a big chance that your money could increase its value 100% or even 1000%, there is also an immense possibility that you’d burn them.
4. Invest in Metaverse-associated companies
Metaverse-associated companies are organizations that are associated with the development of Metaverse. These organizations could be those that have something to do with virtual reality (VR), 3D rendering applications, networking technologies, VR googles production, and the like.
Well-established stocks include Roblox, Unity, Facebook, Apple, and NVIDIA, which you could purchase on brokerage or exchange-traded funds (ETF).
5. Purchase Digital Assets
Digital assets (referred to as non-fungible tokens or “NFTs”) give one heck of a return of investment nowadays. The SandBox has its own marketplace that is open for users to sell entities, equipment, wearables, etc. If you know how to create such items using SandBox VoxEdit, you could actually make a huge amount of money out of them.
However, if you don’t have even the slightest idea how to create a game item you can sell, you could visit Fiverr and look for someone else to do it for you. Once ushered to the marketplace, keep in mind that you need to log in before exporting your item. While exporting, you need to select a category, description, biome, and of course, a name or ‘title’ for your asset.
Aside from in-game items, you could also create a game and monetize it with SandBox Game Maker. The SandBox is among the numerous cryptocurrency metaverses that endeavor to change the dynamics between gaming platforms, gamers, and creators. They are attempting to build an entirely new gaming market where players have the authority and ownership of their own creative labor.
This is how you can earn good bucks through Metaverse as a beginner. If you have the guts and are up for long-term investment, try jumping in any of the mentioned methods and start earning money.
