In this article, I am going to reveal how to make money with Metaverse technology. Metaverse is trending technology nowadays. This article helps beginners with little to no experience are going to make $100 to $700 a day easily. However, you should have land or property in the virtual world for making money in the metaverse.
Before making money from the metaverse, you should know how to purchase land and property in the virtual world easily.
What is Metaverse World?
Metaverse is the advanced digital world based on technologies such as virtual reality, augmented reality, 3D realistic avatars, and more realistic virtual experiences. And it will change digital experiences in the future. It connects humans from all over the globe to connect for digital concerts, conferences, virtual trips, etc. It focuses on providing a realistic virtual experience to connect with friends, relatives, etc.
Recently we are on the way to creating the next phase of the Internet. “Right now, we are on the cusp of the next internet,” said Matthew Ball, Managing Partner of Epyllion Industries in Feb 2021.
The metaverse is the most trending topic in augmented reality technology. It changes how we surf the internet in the future. Recently, Facebook has changed its name to “Meta” which signifies that Facebook is now a metaverse company. Also, Microsoft shares their plans to create the metaverse in Microsoft Teams. Most of the world’s top companies are competing to create the metaverse.
The principal technologies behind the metaverse company are augmented reality, virtual reality, 3D holographic avatars, video, and interactive means of communication. We are moving to build the metaverse technology and are on the way to expanding ourselves to the hyper-realistic virtual world.
Metaverse hint’s can be seen in the world’s most popular online games such as Fortnite, Minecraft, and Roblox.
How to make money in the Metaverse World
There are broadly three main ways to earn money and create wealth from metaverse technology. These are the three following options:
- Invest a huge amount of money in purchasing the metaverse real estate.
- Trading metaverse tokens to earn huge profits from the metaverse. However, it requires some knowledge of trading.
- Additionally, there are some more methods to earn money in the metaverse world.
So, How can you earn money from the metaverse using the above three popular methods?
That’s a big question. And it requires complete detail about how all these methods actually work. So, now I will discuss in detail how you can make money from metaverse technology using these methods.
- Real Estate: The First Strategy to make money in the Metaverse world
So, the most popular way of earning money from metaverse technology is through the use of Real Estate or virtual space in the Metaverse world. The first thing to start making money from metaverse technology is to buy land or property in the metaverse world.
Hence, when you buy the land, it generally comes in the form of NFT. The biggest and largest buying land in the metaverse world is Decentraland. As you go to the marketplace and search the land. AS our team of experts found the cheapest land available will cost you around 3750 Mana, for a very tiny virtual space.
MANA is a decentralized 3D virtual reality platform powered by Ethereum Cryptocurrency. So, 1 MANA is equivalent to $3.32.
1MANA = $3.32
Simple Way to earn money in the metaverse using real estate property
- The first method to earn money from the metaverse is through placing advertisements for your company. Or you can place advertisements for a third-party company. So, you have the opportunity to charge a heavy amount of money for this service.
- You can earn a huge amount of money by promoting social handles like Instagram, Facebook, Tiktok, etc.
- Also, it gives the opportunity to add your Youtube channel play button to a big hoarding. In a crowded place, buy the property in the digital metaverse world, and promote your or someone’s on YouTube and charge accordingly.
- You can buy the property at cheaper prices and sell it at higher prices.
- Another method includes renting it out and putting your advertisements on it.
- Also, you can advertise for somebody else’s company. Or you can build your own virtual house.
You can do a lot of other things. The choice is yours. You have to choose the best possible options available and at least try them.
2. Trading Metaverse Tokens: Second Strategy to Earn Money from Metaverse World
Trading metaverse tokens is a very deep concept. So, making money from this method requires deep knowledge of the metaverse tokens. It is considered the safest method to generate money from the Metaverse. However, it doesn’t require investing a huge amount of money to buy the Metaverse land.
Let’s understand it deeper.
Decentralized metaverse currency is popularly called Manna. So, if you move to a different Metaverse world called Sandbox. In the Sandbox world, the token is called Axis Infinity, it is AXS. And in case you go to Illuvium, it is called ILV. And if you move to the coin market cap, you see all the decentralized metaverse tokens associated with the world for buying or selling in the virtual metaverse world.
With the announcement of Facebook to change its company name to Meta, the price of the decentralized currency has gone from like 80 cents to a high $5 at some point. On average, it is around $4.
So if you don’t have a large amount of money to buy the metaverse land or property. You can invest some money in purchasing metaverse tokens.
Let’s suppose the sandbox price is $2.55. You can check the list of the major different tokens and see the prices associated with their metaverse.
As the metaverse market is rapidly growing in recent years. So you don’t need to buy property in the metaverse. You can simply purchase the metaverse tokens and it is easy to afford.
Let’s suppose the price of the property available in the metaverse market is too expensive. So you can buy the metaverse tokens. And with the growing metaverse market conditions, it does well in the long term success.
Right now, there are a total of four different options to buy the metaverse tokens. It is similar to buying stock. However, instead, this platform allows you to buy the metaverse tokens or coins associated with the metaverse.
A safe method to invest money in the metaverse platform is to invest in the index investment options. Because it is risky to invest in high investment options, but it requires a lot in making money similar to the stock market. It is the best method to make money in the metaverse.
Metaverse is an amazing way to create money if you don’t want to spend years of savings.
10 More Ways to Make Money in the Metaverse world?
- Play to Earn Games
- Online Shopping
- Online Partying and Concert Participation
- Become a Real Estate Dealer of Prime Properties
- Land Renting on Metaverse
- Run eCommerce Business on Metaverse and Delivery in Real World
7. Metaverse Architecture and Designer
- Open Art Gallery
- Promote Business
FAQs Related to Metaverse earning
How to make money in the Metaverse?
Metaverse will completely change the world’s way of earning money. Shopping allows adding and spending money. Cryptocurrency is changing the world because it is a decentralized system of currency that allows the transfer of money from anywhere. So there is no centralized control allowed.
Here are some of the powerful methods to earn money in the Metaverse world. Some of the few options are discussed below.
Play to Earn Games
Online Partying and Concert Participation
Become a Real Estate Dealer of Prime Properties
Land Renting on Metaverse
Run eCommerce Business on Metaverse and Delivery in Real World
7. Metaverse Architecture and Designer
Open Art Gallery
How much income can you earn from Metaverse?
On average, you can earn money from $100 to $15000 per month. Apart from talking about money, you can use your creativity for a purpose in life.
Narinder sharma is a professional Full Stack developer and technical expert based in Jammu City, India. He shares valuable information about Metaverse, NFT, Virtual Reality, and the latest technologies.