Many people were asking “How to invest in Metaverse?” Metaverse has enormous potential to make money online. According to current industry estimates, the revenue from virtual gaming (VR) could reach $400 billion USD by 2025, and the estimated value of the metaverse could reach $1 trillion USD.
Users can earn some extra cash online through metaverse technology. According to Statista Survey, the popular monetization sources include play-to-earn games (60%), virtual property (39%), data monetization (37%), and other investments (36%).
The Metaverse is the most trending technology in the future world. It has the potential to revolutionize the future world completely. And the predicted future is not far away from today. Even the most high-tech company Facebook has changed its name to Meta. Facebook CEO Mark Zuckerburg declares that the company will launch the metaverse in the next 5 years. After Facebook changed its name, the metaverse became the trend in the market. Big tech companies are investing a lot of money to create the NFT and metaverse world.
What is Metaverse technology?
Metaverse technology is a 3D virtual world that combines highly advanced technologies such as virtual reality, augmented reality, and 3D world. It gives the user a virtual environment where people can create their avatars and through these avatars, all the meetings happen in the virtual buildings.
The term “Metaverse” was first coined by the world-famous author, “Neal Stephenson” who was the author of the sci-fi novel “Snow Crash” in the year 1992.
The concept of metaverse technology is now somehow a hypothetical technology. However, some fortune 500 companies are working to develop this advanced technology.
The metaverse concept has many definitions because every organization defines it in its specific way. However, the core concept of the virtual world remains the same in all the respective definitions.
The Metaverse refers to “a virtual reality construct intended to supplant the internet, merge virtual life with real life and create endless new playgrounds for everyone — you’re going to be able to do almost anything you can imagine.”
So in this article, I have listed the best Cryptos On Reddit to invest in 2022.
How To Invest In Metaverse?
As Reddit is a genuine place to come and research or even get advice from experienced persons. You will come with doubt about the coins that may be right to invest your money and get the profits from it. And in Reddit, there is a faithful eager people to share their opinions and find out all the other topics that are related to investment in the coins, and they all find the best coins to invest their money in at that moment.
However, Reddit is the most trusted forum. It is the first place for people who are interested in topics including Crypto, Metaverse, and many more. It is the place where people come and get search for advice when they doubt their coins. So here are the best cryptos on Reddit where you really invest your money.
Bitcoin is the world’s most popular cryptocurrency, managed to surpass the market cap of $1 trillion. Nowadays, Bitcoin can be bought on several platforms such as Robinhood or Coinbase, but now possibly investors can purchase Bitcoin through Cash App. So, if you are searching about how to purchase Bitcoin on Cash App, reading this post will help you to discover some valuable information. If you wanted to Purchase Bitcoin, so you can read out Article in which I have listed “How to Use Cass App to buy Bitcoin?”
Ethereum is the second most popular cryptocurrency after Bitcoin. And it is a decentralized based computing platform that offers both smart contracts and digital currency. Essentially, It is a distributed computing platform that supports the development of decentralized digital applications (DApps) using blockchain technology. Thus, Ethereum provides a decentralized-based virtual machine called Ethereum Virtual Machine (EVM). The Ethereum Virtual machine (EVM) runs scripts using an international network of public nodes.
This post will explain clearly “what is ethereum blockchain & how it works“.
Read more about – How to Buy Metaverse Index(MVI)?
Ethereum is the biggest decentralized software application that helps developers to build smart contracts and decentralized applications without any downtime or any third-party interference. Also, it allows the developers to build and publish next-generation distributed applications.
As Ethereum was developed by Vitalik Buterin in 2013, who was involved in bitcoins and was the first person to write on paper about the ethereum concept.
- 2013: Ethereum was developed by Vitalik Buterin, who was involved in bitcoins.
- 2014: The first Ethereum software project was developed by a Swiss firm Ethereum Switzerland Gmbh.
- 2015: The first version of Ethereum ‘Frontier’ was launched in the market
- On Mar 14, 2016: Homestead, the second version of Ethereum was launched which was the upgraded version of the Ethereum network.
- In May 2016: It raised a record $150 million in crowd sales and gets extensive media coverage.
- In July 2016: the Ethereum network is broadly categorized into two: Ethereum (ETH) and Ethereum Classic (ETC).
- June 2017: Ethereum registered a recording growth of 5001% since Jan 1st, 2017.
- May 2017: Ethereum was the popular digital cryptocurrency that overtake the success of bitcoins.
Best Ways To Make Money Through the Metaverse
Metaverse allows many ways to make money online and earn cash. It allows profitable part-time gigs and money-making opportunities to make some extra cash. Here’s the list of 15 different ways to make some extra cash:
NFT stands for Non Fungible tokens that are all about gas and no breaks at the moment. In the year 2021, NFTs have mostly explored the art world because there are some NFTs that sell at a very higher price. Beeple’s $69 million NFT auction or the Bored Ape Yacht Club and CryptoPunk are some best-selling NFTs in 2021. However, In the metaverse platform, you can create multiple NFTs (Non–Fungible Tokens) and sell them in open marketplaces and thus make money through them. The metaverse platform depends mainly on avatars, mansions, apparel, collectible cards, and digital equipment and is created by users to grow and support open economies.
If you are a beginner and don’t know how to create NFT, there are plenty of tutorials available online. However, there are other methods to make money such as simply opening an NFT art gallery and selling someone else’s work in return for a cut of the profits, by becoming an art broker. Also, you can provide consultants to clients and advise them on how to best navigate the newly minted NFT world.
Invest in the industry of the Metaverse
Investing in the metaverse industry is a great way to make money through the metaverse platforms. There are several publicly traded companies that operate in the metaverse. So, you can invest in these companies to make money through the metaverse. However, for a beginner investor, it is complex and time-consuming. So, you can invest in the metaverse through ETFs that provide exposure to companies that are developing infrastructure essential for metaverse development like Nvidia, Roblox, and Tencent. The topmost holding includes Nvidia Corporation, Microsoft Corporation, Meta Platforms Inc, Roblox Corporation, Tencent Holding Limited, and Unity Software Inc. The estimated expense ratio of these ETFs is about 0.59%.
Play to Earn is a good way to make money through the metaverse. There are some popular games such as VR Poker, e-Sport betting, and other games that allow users to earn money through the metaverse. Even there are some entire organizations or companies dedicated such as Admix, a metaverse-based startup company that raised $25 million USD to drive in-game monetization in the metaverse platform. Other platforms include Bloktopia has entire dedicated floors or divisions for play to earn gaming.
Many companies are rushing to the metaverse platform for setting up their digital presence. Thereby Advertising on the metaverse platform is a good way to make money because the metaverse is used as a major advertising platform. Basically, it is similar to the real world, where brands can open stores in virtual malls and advertise both products and services across a number of virtual platforms. Also, it includes leasing and selling virtual reality ads. With the increasing presence of users in the metaverse platform digitally, it is expected that it will become massive marketing and advertising platform.
Virtual real estate property has seen a massive boom because metaverse investors rush for digital land and find metaverse plots like decentraland, Axie Infinity, and the Sandbox. There are several opportunities ready for making money through real estate in the metaverse:
Real estate Flipping
The purchasing of virtual land at cheaper prices and reselling of virtual land or digital properties for a higher price is called virtual real estate flipping.
Real estate brokering
With the increasing demand for virtual land, there is a need for virtual real estate brokers who can connect buyers and sellers, or simply give out advice as real estate brokers and earn a commission.
Similar to the real world, you can rent out digital properties for making money easily. The virtual property can also be used for advertising, especially in high-traffic areas.
Real estate management
Real estate management is another good way to make money through the metaverse platform. You can become a real estate manager and manages users’ properties, including virtual venues like concert halls and piece of land being used.
Building a metaverse platform requires virtual workers who can earn extra money online. So, you can do freelancing, and blogging, and get paid to sell your services online. There are many freelancing platforms such as Upwork, Fiverr, and Freelancers where you can bid for online gigs and make extra money. You just need to signing-up for their platforms and bid for online projects. You can do all these activities and maximize your spare time in cash and generate extra income. However, it requires a lot of extra work. In freelancing platforms, money can be received via PayPal.