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Metaverse experiences such as Decentraland and The Sandbox are evolving as business, commerce, networking and marketing venues. The blockchain metaverse is very new, but tech-savvy entrepreneurs are starting to run revenue-generating businesses in these virtual environments.
These virtual environments allow users to own the management of in-game assets through cryptocurrency wallets, creating a vibrant economy of goods and services in the Metaverse. This allows players to engage in activities that allow them to earn cryptocurrencies, build brands and trade with others-the possibilities are almost endless.
Are you interested in making money in the Metaverse? Look ahead to the guide detailing some of the methods players can use to earn cryptocurrencies, start a business and build a career in the Metaverse.
Sell NFT
Create a digital model
Sell your talent
Create video content or streams
Play to win the game
Metaverse entrepreneurs sell digital objects such as artwork, clothing, and 3D models in virtual worlds such as Decentraland and The Sandbox. If you’re new to it, NFTs are digital assets that are “minted” to the blockchain. That is, the NFT artwork actually resides on the blockchain and is stored in your personal private wallet address, rather than being stored on your computer or company server.
Famous NFT projects include 2D collectable images such as Cryptopunks and Bored Ape Yacht Club. However, NFTs can take many forms and shapes, especially in the Metaverse. For example, in Decentraland, each piece of user-created clothing is an NFT that can be purchased, sold, and transferred between private wallets.
Some users manufacture the entire NFT clothing line for sale at Decentraland, as well as larger brands such as Dolce & Gabbana, Gucci, Balenciaga and Ralph Lauren. Released reportedly There is also a unique wearable collection.
Wearable helmets, vests, shoes and trousers released by MetaParty
If you are familiar with 3D modeling and want to build a metaverse structure, you may be able to design your work and sell it to other players.
The land of the Metaverse is rapidly becoming a popular commodity. As of January 2022, the cheapest parcel of land in Decentraland cost about 12,000. The best spots and locations can skyrocket to millions. Like in real life, owning land in the Metaverse is considered a valuable asset. Owning land allows you to host events, drive projects, and be creative.
Decentraland and The Sandbox have builders that allow players to create simple structures, but they can also design 3D models individually and deploy them to parcels of land. However, you must own the land before you can place the model or structure in the Metaverse. If you are a seasoned designer, someone could hire you to design a structure to deploy on their land.
CoinText interviewed 3D modelist and Decentraland builder I AmJudas JudasWho gave the following advice on how to get paid to build a metaverse structure:
“I started building for free. I enjoy learning skills, creativity and making simple things. I am free to develop my experience and reward my portfolio and exposure. Because there was really nothing we could offer other than enthusiasm.
One free build led to the next build, eventually giving me real money for people to make things. I am still grateful for every / every opportunity to come my way. “
100 Rainbows Academy designed by IAmJudas Judas
Perhaps the most exciting part of the Metaverse is how people apply their talents, skills and abilities to a Metaverse like Decentraland. If you are an artist, musician, or even a stand-up comedian, you can make money by playing at Metaverse events.
Philadelphia stand-up comedian Mike Salvi Known to perform at Decentraland events. Salvi recently announced that it will open her own stand-up comedy club in her metaverse called “The Comedy Verse.”
Well-known musicians also play in the Metaverse. Superstar DJ Dillon Francis performed the set at the opening night of Decentraland’s Atari Casino in April 2021. Hip-hop legend and cultural icon Snoop Dogg has partnered with The Sandbox, the host of virtual concerts.
But you don’t have to be a celebrity to play in the Metaverse! Decentraland has a strong desire for performers of all levels to perform at events and parties.Event-based companies like MetaParty We employ a variety of performers, including hip-hop artists, comedians and musicians.
Interview with the co-founder of Meta Party Rezinator How he built a successful event company in the Metaverse:
“I started hosting an event in Decentraland in March 2021 and met many great people with big ideas. I and my two friends created a community named MetaParty in June. You can now attend interactive events within MetaVerse for free 5 days a week. MetaParty has several NFT wearables on the market and earns money from a strong community of 3,000 people who bought NFT wearables. I am. “
Decentraland and The Sandbox have a few enthusiastic players who stream their experiences on platforms such as YouTube and Twitch. Some have succeeded in monetizing their content by introducing sponsors and creating videos for brands within the Metaverse.
Decentraland is still emerging and considered a niche concern, but successful streamers in other popular games can earn 2,000 to 4,000 a month as part of Twitch’s affiliate program. That amount may be unlikely to be a metaverse experience in the short term, but it shows that it is possible to make a living as a streamer and content creator.
Two popular streamers in Decentraland Peanut butter When Kevinon Earth.. They stream on YouTube and Twitch, respectively. By streaming your experience in the Metaverse, you can communicate with viewers who are interested in the Metaverse and increase your followers within the Metaverse.
Creating video content also opens up the possibility for companies and brands considering creating Metaverse content to create freelance video.check out This video From Argentina-based YouTuber Tobik for other ways to make money in the Metaverse.
If you’re willing to take the risk to earn some cash in the Metaverse, Decentraland features many casinos where you can bet real MANA on virtual blackjack and poker.These games are developed and maintained by Distributed gameA major player in play-to-earning space where users can earn cryptocurrencies by playing gambling and other games.
When fully released, the sandbox promises to host many play-to-earn games that encourage users to earn crypto rewards. The various metaverse experiences that provide financial incentives are not that big, but they are still in their infancy and will be a popular alternative to games in more traditional formats. If you want to make real money with video games, you already have the infrastructure in place. In emerging economies such as the Philippines and Venezuela, you can already make more money by playing games like Axie Infinity than low-income hospitality, cleaning and retail positions.
Axie Infinity is a popular metaverse game in the Play-to-Earn category. It is similar to Pokemon in that the player owns a virtual creature called Axies. Users can make money by buying and selling Axies while earning cryptocurrencies from player-versus-player battles. Most seasoned gamers can make a living by playing Axie Infinity and other similar play-to-earn games, but they can also trade their NFTs to make more. Imagine that one Axie sells for an astonishing 620,000 and it’s easy to see why people are flocking to these new crypto-based gaming ecosystems.
And you have it: 5 ways to make money in the Metaverse. There are definitely more ways as the space grows and develops. See you in the Metaverse, entrepreneurs!
Axies for sale at OpenSea
Guessing Metaverse coins such as $ MANA, $ SAND, $ AXS is a common way to make money from these new virtual environments.
Since Facebook announced Metaverse in October 2021, the price and popularity of Metaverse coins has risen. No one knows if this trend will continue, but given the rush of demanding land in the Metaverse, these coins can be a lucrative investment.
MANA token power Decentraland While representing the cost of land and wearables. It is used as a currency in the Decentraland Marketplace. As the price of MANA goes up, so does the cost of land and wearables.
SAND is a utility token required for in-game purchases. sandbox.. Users can create Play-to-Earn games on The Sandbox, so SAND is used to pay when players earn rewards. Like other Metaverse coins, SAND received a lot of attention in late 2021.
AXS is a native token of Axie Infinity, a play-to-earn game. It is used to pay staking rewards and rewards earned from fighting other players. Users of AXS can participate in community governance votes and make decisions about future development of the project.
