The Foundation of Metaverse Money
One of the reasons why metaverse money-making opportunities are abundant and profitable is thanks to a deeper metaverse meaning. In particular, it exists as a 3D, persistent, social environment. The metaverse is a merger between the physical and digital worlds. And it’s experienced in new ways by using different metaverse devices. For example, you can fully immerse yourself in a virtual world by using a VR headset. And in contrast to virtual reality, you can use other forms of extended reality, like augmented reality, with devices like smartphones to bring digital elements into the physical world. Or mixed reality, which takes that to the next level. It’s always online, available, and experienced in different ways with different technologies.
The metaverse removes barriers, whether physical or temporal. Even better, it’s still “fully” in development, with features always appearing. And while nobody knows how the metaverse will evolve, it will be an important part of the future. But while it’s part of the future, you can also experience it here in the present. You can discover more about the metaverse in the article “Metaverse Guide; Understanding The Basics Will Open Up a New World“.
What Are Non-Fungible Tokens (NFTs)?
No discussion of metaverse money would be complete without first bringing up NFTs. An NFT, or non-fungible token, is a unique digital identifier. You might have seen images referred to as NFTs. But the term NFT is less about the image and more about why it can be considered unique, much like there’s only one true Mona Lisa portrait, even though countless prints are out worldwide. By “minting” digital content, you can create an NFT tied to the metaverse blockchain. The blockchain, a digital ledger, programmatically verifies digital content as unique. This process is used with NFTs, metaverse crypto, and countless other technologies. You’ll even find various NFT marketplaces where you can mint, buy, and sell NFTs. You can find a full guide to NFTs in the article “NFT Guide; Everything You Need To Know About NFTs“.
How Much Money Can You Really Make in the Metaverse?
When people discover the various metaverse money-making opportunities, they usually ask a follow-up question. How much money can you make? The good news is that there’s no limit on potential earnings. But the answer is partially dependent on how you’re making money. Programmers, artists, copywriters, customer support, etc., can all expect different pay ranges. For example, digital apparel creator Nikki Fuego makes $40,000 a month creating fashion for Metaverse avatars. ZipRecruiter reports that game designers make between $60,000 to $80,000 annually. And AR/VR engineers working on the metaverse can make between $60,000 and $80,000 annually.
How to Make Money in the Metaverse? 11 Ways!
There’s a nearly infinite number of metaverse money-making opportunities. But the following ideas are some of the most exciting ways to start.
Buy & Sell Metaverse Real Estate
Digital real estate is already a booming business within the metaverse. And these metaverse money options are constantly appearing in metaverse virtual worlds like Decentraland, Otherside, and The Sandbox. Sales might be made directly. But people earn good money by acting as real estate agents within the metaverse. These online transactions are already both common and profitable. While individual metaverses have different ways of handling deals, they’re usually tied to NFTs and can be bought and sold in common NFT markets. And it’s almost certain that the real estate market will continue to grow alongside the metaverse.