The best time to make money in the metaverse is during the development. That’s why we curated this list so you can learn how to make money in the metaverse.
Everything that we included can be applied today. That’s why we recommend you learn as much as possible to so you can get started on the ground floor.
11 Ways On How To Make Money In The Metaverse
1. Construction
You read that correctly. You can start your own construction company in the metaverse.
Voxel Architects has been able to make a living off of providing clients with virtual building projects. In fact, they’re making over $300,000 per project.
2. Real Estate
Virtual real estate in major virtual world metaverses such as Dencentraland and Sandbox has been experiencing a boom recently. Indeed, many virtual property companies have been popping up in order to offer goods and services to clients from all across the world.
With a commission per sale, you’ll surely want to get started right away. We recommend looking into Decentraland.
3. Voxels
Voxels are the materials used to create other items in the metaverse. Think of them as an infinite 3D pixel that can be combined with other voxels to make buildings, clothes, cars, and any number of other things in the cyber world.
You’re able to buy, trade, and sell Voxels. You can start a Voxels flipping company.
4. Advertising
A lot like in reality, people are building advertisements into their virtual world. You can find displays inside of buildings and on billboards that exist inside the world. Even real life companies have created their own branded areas in the metaverse, for example Nike with their NikeTown area.
5. Buy & Sell NFTs
The NFT art market is flourishing right now. Just by googling the term “NFT art” you can find many sites that mention new records for this type of work.
The idea is to buy some NFT Art and put it in an art gallery within the metaverse. This way, you can make a profit by buying low & selling high
If you’re an artist, then you can directly sell your NFTs to buyers.
6. Games
Games are a massive industry and will likely remain as such even in the Metaverse. There are already platforms being built that make MMORPGs with their own currency and land. You can also build games on existing Metaverse platforms like Decentraland.
That sounds like a fairly niche idea. It might not be worth the time it’ll take to build out these games when you can market much easier tasks like making clothes.
As virtual reality becomes more prevalent within the Internet, I’m expecting there to be a boom of sites centered around gaming. For example, bowling alleys and laser tag arenas might only exist as locations on the Internet, and ax-throwing may be a major activity.
7. Collectibles
With all the items inside the metaverse, collectibles have been a part of many savvy players’ journeys. Some collectibles include clothing, a sword and even a yacht.
These collectibles are all non-fungible tokens (NFT’s) so they are one of a kind and cannot be created again. People make collectibles out of voxels, like these, that fit within their world to sell on the open market.
8. Data Science
Analytics will be extremely profitable in the Metaverse. Publishers and companies are willing to pay top dollar for data.
If you’re able to collect user data in the Metaverse, then you’ll be able to sell that to business who will be willing to pay.
9. Parcel Rentals
The same principles from the real world apply to the metaverse. In order to grow, people sometimes rent out land or space in a building they have bought but don’t know what to do with.
Starting your own store is an expensive venture. Virtual real estate can be quite costly.
10. Hosts Virtual Shows & Events
It would seem that karaoke is a big thing in the metaverse. Friends can get together to sing karaoke without ever feeling like they’re doing things alone, which is great. Sadly, this isn’t always possible because it’s hard to find time where everyone is free at once. However, with metaverse karaoke systems, people can come together no
You have plenty of options for making money in the metaverse with karaoke–you could start your own bar, sell NFTs to other karaoke-focused venues, or start different types of events.
11. Virtual Clothing
It is possible to purchase virtual clothes for your digital self. Virtual worlds have tremendous style and all sorts of clothing to purchase so that your avatar can always look their best.
It’s not surprising that smart investors are making investments in Decentraland. It is safe to say that the blockchain company just bought over 2 million dollars in virtual land just so they can sell virtual clothes.
Conclusion On How To Make Money In The Metaverse
As the metaverse develops, there will be new ways to make money as well. For instance, I’m predicting there will be a social aspect to the metaverse. You’ll be able to sell sponsored content or ads to your followers in the metaverse.
Like most things, the biggest window of opportunity to grow a business is during the early development. Even though we are far from fully being in a developed metaverse, now is definitely the time to learn how to make money in the metaverse.
If you’re interested in making money outside the metaverse, check out our website for more content.