How to Make Money in the Metaverse: 6 Metaverse Income Streams
What Is the Metaverse?
The metaverse is a virtual reality that is created by software and hardware. It can be accessed through a computer, a headset, or with the help of an avatar.
It’s not too different from the internet we are familiar with. In the metaverse, people can interact with each other, go on adventures, and even make money.
The concept is now being developed by companies such as Facebook and Apple, which are in fierce competition with each other to be the first to release a viable product. The metaverse has been predicted to become a trillion dollar industry by 2025.
How to Make Money
1. Buy Property in a Metaverse
Why is buying a metaverse property a good investment? The answer to this question depends on how much you are willing to invest in this virtual world. If you are looking for an investment opportunity, then it would be wise to purchase an apartment in a metaverse. The value of these properties will increase as more people become interested in investing into this platform.
For an in-depth take on why I think this investment is going to the moon, check out my article Here’s Why I’m Bullish on Buying Metaverse Land and Why I Think You Should Be or watch the video below.
This is a list of the top four metaverses to buy land in right now with high potential returns.
- Axie Infinity
2. Metaverse Tokens
Even though I believe many of the properties are highly undervalued and will only increase in value as mainstream adoption increases, I understand the sentiment of not wanting to spend thousands of dollars on virtual land. A cheaper alternative would be to buy the tokens associated with these metaverses. As the value of the property in these virtual lands increases, so will the tokens.
- Axie Infinity-AXS
3. Metaverse Index
If you believe that the metaverse is the future, but don’t have the time or energy to research each individual universe, investing in the Metaverse Index (MVI) might be an excellent option for you. It is a basket of tokens designed to capture the trend of entertainment, sports, and business shifting to a virtual environment. The basic investment premise here is that by investing in the Metaverse Index, which is diversified across many metaverse tokens, your investment will grow as the metaverse industry grows.
4. Metaverse Stocks
Did the Metaverse Index idea pique your interest? But you’d like a bit more control? If you haven’t already, you should consider allocating some of your investment portfolio to what will most likely be the biggest metaverse players, such as Facebook, Microsoft, Google, Apple, and Amazon.
5. Creating NFTs
There is a huge opportunity here if you’re a designer. If we accept the premise that we are moving toward a future where we’ll spend a majority of our time interacting virtually through avatars in the metaverse, then people are going to spend a great deal of time there, and they’ll want to do it in style. There’s a lot of money to be made creating virtual art, avatars, products, buildings, and wearables.
Want to start creating your own NFTs and selling them? The NFT Handbook: How to Create, Sell, and Buy Non-Fungible Tokens by QuHarrison Terry and Matt Fortnow is your go-to resource. Everything you need to know to get started is in one handy manual. Plus, if you make a purchase through my link, I get a little kickback from Amazon at no additional cost to you. It’s not much, but it helps with those morning coffee runs.
6. Sell Metaverse Services
Many individuals and companies will need help setting up their presence in the metaverse. You could make a very lucrative business building homes and creating 3D NFT fashion on Fiverr and Upwork.
When people think of the metaverse, they usually think of online games like Second Life or World of Warcraft. However, there are a lot more ways to make money in the metaverse than just gaming. There are many ways you can make money as an individual or start your own business in the metaverse, and it will not be hard at all if you have some creativity and develop a skill set.
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