How to make money in the metaverse

by George Philip
Published: Last Updated on 0 comment

Making money in the metaverse is possible. The virtual world has already become a source of income for many people, we just need a little creativity and talent for us to grow our crypto wallet in the metaverse. Currently, there are already different activities that can be carried out and that will allow you to have profits.

Whether you are an artist, you know programming, or you just have good social skills, then you will be able to make the most of these types of activities and jobs within the metaverse. Although for now, they are experimental activities, in the future it could be your full-time job.

NFT Seller

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This is one of the main professions that will be most in demand in the metaverse going forward. These are small virtual entrepreneurs who are in charge of selling all kinds of digital objects, from works of art, clothing, goods, accessories… In short, everything that can be listed within a metaverse and that the public may be interested in exhibiting or have within the platform.

NFTs, in addition to being digital objects to display in your virtual life, are also assets that are minted on a blockchain and are exclusive, there is no other like it in the metaverse. That means you don’t have it in a local place that can be lost, but it’s stored in your wallet address.

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You can start creating NFTs of all kinds and in two-dimensional collectibles; or, market them legitimately. In the case of Decentraland, a metaverse we’ve told you about before, every piece of clothing and item for your home is an NFT that can be bought, sold, or transferred between wallets.

In the metaverse you can get entire collections of the biggest brands of clothing and accessories that are in the real world right now, so you could do very well if you decide to be one of these sellers.

digital model builder

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While every metaverse user has access to simple building tools, on platforms like Decentraland and The Sandbox, you may be able to spend your time designing and building 3D models of structures you might have in the metaverse.

In Decentraland land is not cheap at all, so owners will want to have digital constructions that they can show off or that allow them to make the most of it. For example, in events, entertainment activities and any other creative activity that generates more profit, they need to have the right structure for it.

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You could also be hired as a structural designer under the parameters and requests of an investor owner who needs a specific 3D model. That would allow you to have those earnings and, for example, there is the case of the modeller in Decentraland iAmJudasJudas, who started for free and learned many more skills, today he is hired for hundreds of dollars to carry out his digital works.

Exploit your talent in the digital world

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If you’re a comedian, motivational speaker, singer, or any other artistic talent, you could be making money in the metaverse, just like in the real world. In metaverses like Decentraland, you can run events and activities where you can charge tickets and people participate digitally.

An example of this could be the comedian Mike Salvi, from Philadelphia, who performs in Decentraland in private events and also some organized by him for his audience. In fact, the character plans to open his own comedy club in the metaverse and it will be called “The Comedy Verse”.

Concerts are also a way to make a lot of money in the metaverse, from music stars to famous DJs throw parties, for example, Dillon Francis could be seen performing at the opening of the Atari Casino in Decentraland. Also, Snoop Dogg has partnered with The Sandbox to hold virtual concerts.

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However, you don’t need to be a celebrity to earn money this way in the metaverse. People are interested in rising artists and new talent to discover, see and hear as they go through the virtual world, you could also be hired to perform at a party at Decentraland or give some kind of lecture.

Create video content

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If you are one of those who broadcast games on Twitch, you can surely do this very easily. In the Decentraland and The Sandbox metaverses you can continue to do what you do and also bring in some sponsors, so you can continue to monetize your content.

You can then create a bridge between what you do in the metaverse and then engage your YouTube or Twitch followers so they can experience what your day-to-day is like in that digital world. Something that is surely going to interest less and less, since more people will actively participate in the virtual world to experience it in the first person. But nowadays it can leave you real money.

Earn money playing

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This is perhaps the most obvious way to make money in the metaverse. Casinos are a way to get money, but for this, you will have to risk a little. In Decentraland you will have access to several casinos if your wallet with Mana is available, there you can have poker and blackjack games.

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These are decentralized casinos and participants will be able to earn cryptocurrencies by gambling in any way they prefer. Something similar will begin to happen in The Sandbox, there you will be able to get games in which you will have rewards for your achievements.

These are just five of the many ways you can make money in the metaverse.

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