In the metaverses, you can make good money without big investments in virtual worlds. Here are some effective ways to improve your financial situation even in a bear market.
The hype around the metaverse continues, and this prompts people to ask more and more often: how can this be used? For example, in February, someone shelled out $450,000 to be Snoop Dogg’s roommate in the virtual universe. This is just one example of how far people are willing to go to get what they want in the metaverse.
Tom McDermott of Metaprints offers some more basic options for making money in virtual worlds – even despite the ongoing bear market. The ability to earn a steady income from investing in virtual real estate is just one of these ways.
Method 1: Passive Ad Income
As in the real world, in the metaverse, companies, and brands strive to make their presence known and make themselves known as loudly as possible. To do this, they need advertising and promotional products.
You can purchase and own virtual billboards or other forms of advertising space on platforms such as Bloktopia.
This generates passive income for the investor from brands willing to pay to place their ads on your advertising spaces. If you are among the first to stock up on a few of these billboards in a busy or growing area, your profits can be even greater. As the popularity of such locations grows, you will be able to raise the prices for advertising and choose in favor of the one that offers more.
This trend will continue to grow. Already now you should hurry in order to have time to take your place in the sun next to the largest brands and names.
Method 2: Play and Earn (P2E) in Metaverses
Games in the “ play and earn ” (play-to-earn, P2E) segment have long gained high popularity in the blockchain industry. They offer users to receive cryptocurrency tokens for some achievements in online games.
In the metaverses, a number of platforms such as The Sandbox have already introduced similar game mechanics in their virtual worlds. They give people the opportunity to get paid simply for playing P2E games. So far, this direction is still at the development stage, but it may soon become one of the main metauniverses in the world.
Method 3: Strategic Purchase Of Land
Buying land in the metaverses can be done for two reasons. First, you just need land to build a house on or start a business on.
“Home” in the metaverses for many – a great way to show the world in all its glory. This is similar to the reasons why people started their own personal blogs on the Internet in the early days of the Internet.
However, there is a second reason: investments. As we all know, any type of investment comes with some risk. However, it also provides high-income prospects. Buying land in new and obscure but promising metaverses is a great way to recoup your investment in the future. In addition, you can always rent out these plots for additional profit.
The main thing – is not to forget to thoroughly study the material and information about the project, and also do not put all your eggs in one basket.
Method 4: Develop Your Site
So, you bought earth in the metaverse. What are you going to do with her next?
You don’t have to be a professional design engineer to get started. Look around, read the basic information, and you will understand what is missing in the location in which your site is located. Further, you can build real estate, open a business, or even a virtual store.
In other words, create something that people in your local community might be interested in. The more time and effort you put into it, the higher the potential value of your offer.
Are you not a fan of starting from scratch in an open field? Then you can buy already inhabited land. In this case, you will only need to make small changes to the already created development. So you will increase its value in a shorter time.
Method 5: Create Events
Many investors buy land but do not plan to be very active on it. They just sit and hope that after some time they will be able to sell it at a higher price. However, in the metaverses, there is a large arsenal of tools with which you can easily and many times over increase the value of your site.
We are talking about masterpieces of architecture, made according to individual designs, and innovative business ideas, and holding various events, or even sights to attract tourists. Let your imagination run wild!
All this will attract more users to your site, and in light of the optimistic prospects for the development of the metaverse, this will exponentially increase the price of your site.
Get Ready For A Long Trip
The Metaverses are a land of great possibilities, virtual and real. However, you must be prepared for the fact that your investment will not pay off the very next day. It may take a year or more before the idea of metaverses is firmly rooted in the public mind.
Nevertheless, you can already now, in the conditions of the bear market that has not yet ended, lay the foundation for the subsequent transformation into a “virtual tycoon”. This will require you to sacrifice some of your time to invest wisely and strategically in promising and growth-oriented projects while avoiding platforms that are “too good to be true”.
