Over the last few weeks everyone is talking about Metaverse and telling you to buy virtual land and even making money by playing games and selling their metaverse stuff online.
If you want to know all about what Metavesre is? check out this post.
What is Metaverse ?
On a rough estimate Meatverse is a online virtual world where you can do loads of cool stuff , you will have an avatar and you can meet people, have meetings and even enjoy a virtual concert.
The metaverse it’s not really new but it’s been hyped up recently and a lot of people are looking to invest in the metaverse but we are in the early stages so now is the time that you want to start to invest in the metaverse if you are interested in doing that now before. Alright so recently you might have heard the news that facebook the one of the biggest tech companies in the world is changing their name from facebook to meta and you might be wondering, why they’re doing this and you have no idea what meta is or how it works?
Well they changed their name because they are diving into the metaverse space and what that means is facebook is going to create their own metaverse and if you don’t really know what a metaverse is it’s essentially a digital world where you can do a lot of stuff inside this digital world and we will talk more about that as we go throughout but one of the main things that you can actually do and what a lot of people have been this is kind of what um kickstarted it recently is you can have online digital concerts so for example travis scott has done, post malone has done one ,marshmallow has done one, i think that was the one that kicked it off and you can do things like create games that people can pay you to play and justin bieber has a concert coming up so essentially it’s a digital world online where you can go and you’re away from the real world and you can do lots of awesome stuff inside these digital worlds which is called the metaverse. Sandbox which is my favorite and decentraland , these are the most popular games in the metaverse right now. I actually just got word of someone that created a golf course inside this metaverse and they’re charging people to use the golf course so that’s the kind of stuff you can do inside these metaverses.
How to make money in the metaverse ?
1) By playing games and investing in games
Now this isn’t number one, this is just one of the ways is to invest into metaverse games. Now what i mean by that is you can invest into these games like sandbox and decentraland because they actually have their own coins that you can invest in the the sandbox, has coin called sand. You can earn these coins by playing around the game. One sand is equal to $4.29.
2) Join a Club
You can join a club , now there are various types of clubs like golf club, a youtuber recently created mafialand, I actually been playing in the club cruising around doing a lot of things it’s actually a really cool place to be and i’ve been messing around in there anyway , the sandbox coin now this has been taken a massive dive recently, i wouldn’t recommend investing in this right now i would recommend you just wait until it kind of bottoms out just it’s been a very very hectic last few days or last seven days okay but i’ve invested in this long term so for me this is a long-term investment i see this stuff as a long-term investment not a short-term investment but the sandbox is one that you could potentially investment , and the next one is called decentraland or mana and this has taken a tumble as well so do not invest in this just yet i’m going to be picking up some more because to me this is quite cheap right now but it’ll be up to you whether you do that but this has had a massive spike and then it’s dropped down now this is actually healthy for these coins to drop they you know they’ve had a massive run up they’re just coming down a little bit settling down and then they might go down a bit more flat now or they might go up we really don’t know this metaverse stuff is completely new as well so just be careful only invest in things if you can afford to lose that money.
3) Investing in Metaverse Index
Another way to make money in the metaverse is you can invest into a metaverse index, this is a metaverse index right here and essentially it’s like a index fund in the stock market if you want to use that as an example but what they do is they invest in all of these underlying tokens and stuff to do with the metaverse and so you you have a much less risk because you’re investing in a fund and they’ve picked the best ones to invest in, so this one is called metaverse index, this is the price here now obviously it’s gone down again just like the rest of the tokens but that’s understandable it’s going to follow those , as they go down and up but this is called the metaverse index so if you’re looking for like a index fund a metaverse version of an index fund this is the one you’re going to want to go and invest in where your money is spread over all of these metaverse tokens so that’s a real quick one that is another way that you can invest in the metaverse and make money in the metaverse.
4) Investing in companies who will shape the Metaverse
You can invest into companies who will shape the future of the metaverse, i do have a list of three companies here from the motley fool that they think are good companies to invest in in the future for the metaverse now take this with a grain of salt this is just their opinion but the recommend are nvidia all know they make graphics cards and gpu for short for computers ,now their stock so essentially you can buy , if you dont know how to buy stocks , i will add a tutorial.
Another one is meta platforms which as far as i’m aware is the facebook metaverse if you would like to invest into that , i think probably the the best one to do is going to be facebook since they’re trying to be one of the biggest players in the game when it comes to the metaverse they even changed there name to meta, why will they not be leading and fully investing in it.
Another one that you could potentially invest into is the unity software, i’m not really really hooked much into this company but this is one that they also recommend as well but my recommendation would be look into things like facebook and nvidia because these are the companies that are going to benefit the most from the metaverse in the future.
5) Buy lands and Build stuff
You can buy plots of land in these metaverse games there’s also some other things you can do as well recently sandbox has traded a total of 70 million dollars for 4 433 assets over the past week alone, that’s crazy so making it the metaverse collection that ranked and the ranked in the most cash so there is a lot of money getting exchanged here, now the assets can be plots of land and other assets . In the sandbox game, what you can do is you look at the map and buy plots of land ,so these can be used for all types of things like Atari is using this for advertising and lots of other things. Rent it out so i’m not really sure how that works but you can buy plots of land on Open sea, and can see the land that’s for sale now go sort by the lowest price it’s pretty crazy how how much this stuff goes for so like the lowest one can be like for three ethereum ,you can buy this plot of land and you can use it for advertising , apparently you can buy like concert venues and stuff you can buy land and create games like someone created a mini golf course but you can buy these plots of land and you can do whatever you want with these plots of land, it’s really really cool but this is one of the main ways people are investing in these metaverses because we’re in such an early stage if this i say if because you know it could be a bus but if this takes off if this becomes a massive industry. Then it’s going to be like real world land it’s going to have value and it can go up in price and all that sort of stuff and you can use it for lots of things, so that’s probably one of the main things that i like about this is you can buy land you can do like there’s a lot of land like if you check m ore the land’s going to be valued if you’re way out in the corner , it’s going to be less valued but you can and a lot of people are using this these low valued plots for advertising. So ever some of them advertise their websites ,their twitters ,all that sort of stuff. That’s what you can essentially do with these games.
6) Sell NFTs in Metaverse
All right guys this one is probably my favorite because you don’t need a lot of money to do this and this is called creating digital assets inside the metaverse, so when you’re on the sandbox website you go to the marketplace and there’s these things you can buy now these are called nfts that are for sale.
If you want to know all about NFT check this post.
There’s lots of nfts that are for s ale these entities equipment wearables, and you don’t have to create them yourself , there’s a lot of money to be made here now if we go to create you can also create other things you can create games inside the metaverse you can create vox m odels you can create a lot of things, now if you know how to create this stuff that’s fine you can create these and then you can go and upload them to the marketplace, if you don’t know how to create them you can go to a website called fiverr.com put in sandbox metaverse and there’s people that will create this stuff for you and you can go a nd sell it on the metaverse.
So for example a guy will develop an open world game sandbox game, nft game or midiverse game and what that means is you he’ll create this game and people can use it and you can make money from people using it ,now another one is develop a sandbox game, nft game another one but as you scroll down they will there’s lots of things you can get created f or yourself ,you keep going and people will create things for you in the metaverse that you can sell on the marketplace in the sandbox and remember the sandbox is just one place ,there’s decentraland, there’s other ones as well but the sandbox and the central lands are the main ones, but you can go and get this stuff created and you could sell the stuff on the metaverse so if we go to lowest price.
These are selling for twenty dollars, thirty dollars, thirty dollars, thirty four dollars, fifty five dollars and then we go up and fifty three and fifty three and people are actually buying this stuff so you can get this stuff created on fiverr.
Selling stuff and earning money has changed quiet significantly in these years, who would have imagined to make money the it is being made and there can even be more innovative ways of making it in the future. That sums this post , hope you like it!! , share it if you found it interesting because sharing is caring my friend!! 💓
Originally published at https://www.interestingthings.in.
