The Metaverse holds enormous monetization potential, open to all stakeholders involved in its development. You can make money in metaverse. Industry estimates indicate that VR gaming revenues could reach $400 billion US dollars by 2025 and that the Metaverse could generate $1 trillion.
This has made users eager to find ways to make money and gain an advantage in the Metaverse. November 2021, our survey showed that the most popular monetization channels include play-to-earn games, data, and monetization and investments at 60, 39, 37, and 36 percent, respectively.
The Top Ideas for Make Money in Metaverse
You can generate revenue from elementary activities with low entry barriers and more complex economic activities such as property investments. The Metaverse offers many ways to make money:
Users can make money online by playing games like VR Poker, sports betting, and many others. Admix, a company that just funded USD 25,000,000 to promote in-game monetization throughout the Metaverse, has one of several companies dedicated to this area. Bloktopia has entire floors and divisions dedicated to playing/to-earn gaming.
Design 3D accessories
VR accessories are possible for those with a basic knowledge of 3D modeling. Metaverse users want to “dress” their avatars in accessories such as headgear, outfits, and gadgets. These accessories can be created and sold through various metaverse platforms.
Create VR games and monetize them
One could create and publish VR-based games like 3D accessories. You do not need advanced technical skills to do this. People can combine basic storytelling with the VR design platform Horizon Worlds to make money. For example, Google’s classic dinosaur game could be made virtual to encourage user adoption and monetization.
Take a free job in the Metaverse.
The Metaverse will create its economy and have unique requirements for service jobs. Tour guides are required to help tourists navigate VR spaces, such as museums and art galleries. VR clubs may also need security personnel. Gamers could hire trophy hunters.
Metaverse events using paid tickets
This is an intelligent way to make a living in the Metaverse. Live concerts with real artists can draw large crowds. Organizers may charge participants for paid tickets.
Warner Music and metaverse platform The Sandbox have already partnered to create a virtual concert venue. Snoop Dog has recently acquired Death Row Records. This is a step toward becoming an NFT Label. Also, the artist has bought a large block of land to generate additional revenue streams.
Even if it is impossible to get users to pay for an event, there are sponsorship opportunities in the Metaverse. A small business could sponsor a trade show offering attendees free participation. Event sponsors would then pay the company to reach new audiences.
Buy or sell land parcels.
The Metaverse is another popular way of making money. JP Morgan and PwC are just a few companies that have moved this way. Anyone can buy land for a fixed amount and then later sell it at higher prices to earn a profit. Investors who have high-risk appetites should also consider emerging Metaverse platforms.
Rent out metaverse real estate to developers
Developers can rent VR land to users, allowing them to construct buildings, gaming areas, concert halls, offices, and other venues. This is great for people who need a steady stream of income. But, remember that these properties are in high demand in the best locations in the Metaverse.
Develop metaverse real estate yourself
Another option is to buy land and then develop it yourself. Real estate and building design are more labor-intensive than gaming. This can lead to higher costs depending on available resources. Different metaverse platforms may have other limitations, but they are all equally profitable.
The VR equivalent to traditional NFT trading is 3D non-fungible coins (NFT). The Metaverse might contain various 3D artworks as NFTs, which could be used to purchase investment classes.
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