From becoming a realtor to a tour guide—here’s how you can profit in the metaverse!
That the metaverse is taking the world by storm is no news. As per a Bloomberg report, the global metaverse market could be worth US$800 billion by 2024. With more and more companies and individuals flocking to this new, virtual space, there’s a growing demand for services within the metaverse. However, little is known in terms of how you, the average person, can rake in the virtual dough. Given that, here are seven ways you can make money in the metaverse in the year 2022:
1. Become a real estate agent
Last year, real estate sales in the metaverse amounted to over US$500 million. With the increasing popularity of the metaverse, there’s going to be a boom in virtual real estate. And just like in the physical world, buying and selling property in the metaverse will require the help of experienced agents. If you have experience as a real estate agent in the physical world, you could easily transfer your skills to the metaverse. Not only can you buy and sell property, you can also rent it out or design one. For instance, in The Sandbox metaverse, users and companies can buy LAND to create digital experiences. You can rent them land for the same and earn rental income!
2. Be a tour guide
With so much to explore in the metaverse, tourists are going to need guides who can show them around. If you’re familiar with a particular metaverse or have built up a good reputation as an explorer, you could easily become a tour guide and lead tours for newbies or those looking to visit popular attractions. You could also create your own tours and charge people for access. For instance, in The Sandbox, soon, you will be able to give people tours across the different eras of Hong Kong.
3. Work as a DJ
From Paris Hilton to David Guetta to Wave, the first ever DJ to only exist in the metaverse—music aficionados have been making the most of the opportunities in mixed reality. With the rise of metaverse clubs and parties, there’s going to be a need for more DJs who can provide the perfect soundtrack for these events. If you have the skills to entertain a virtual crowd, you could start working as a DJ in the metaverse. You can play at clubs, parties or even stream your sets online.
4. Create and sell non-fungible tokens (NFTs)
NFTs are digital assets that are unique and not interchangeable. In the metaverse, NFTs can be used to represent just about anything, from virtual land to art. If you’re creative and have an eye for design, you could create NFTs and sell them for a profit. For instance, in Decentraland, you can create and sell NFTs using its native MANA cryptocurrency. Plus, owning an NFT in this metaverse also gives you the power to decide the direction in which Decentraland proceeds.
5. Participate in play-to-earn games…and even build them!
With the increasing popularity of blockchain games, there’s a growing demand for more play-to-earn games where players can earn cryptocurrency or other digital assets. If you’re good at video games, you could start participating in these games and earning some serious dough. For instance, in Alien Worlds, you can earn cryptocurrency by playing the game and completing quests. You can then use this cryptocurrency to buy in-game items or exchange it for other cryptocurrencies. And if you’re a game developer, nothing like it! Not only can you build your games and earn from them, you can also help other companies do so.
6. Become an entrepreneur
The metaverse is the perfect place to test out your entrepreneurial skills. With so many opportunities to build and create, you can easily start your own business in the metaverse. You can offer services like those mentioned above or come up with your own unique offerings. Besides, since the metaverse is still in its early days, there’s a good chance that your business will be a success if you play your cards right.
7. Become a marketing specialist
With the increasing popularity of the metaverse, businesses are looking for marketing specialists who can help them reach a wider audience. If you have experience in marketing or are familiar with the metaverse, you could start offering your services to companies. You can help them promote their products and services, plan events, and more. Also, you can also create and sell marketing materials, like templates, e-books, and tutorials.
The metaverse is just starting out. Thanks to that, there are infinite possibilities for those who want to make money in this new and exciting world. Whether you’re a game developer or an aspiring art collector, tour guide or entrepreneur—there’s a place for you in the metaverse.
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