Metaverse is a reflection of our day-to-day lives. So it’s only fair that we ask how to make money in metaverse. Because if we’re going to spend hours upon hours in a virtual world, we might as well earn from experience.
Metaverse isn’t short of earning opportunities. For newcomers, metaverse has a ton of options to earn and make a living – a handsome one at that.
In this guide, we’ll list some ways you can make money through the metaverse.
Jobs Related to Metaverse
Before we dive in, however, let’s see what you can do outside the metaverse to earn a good living. We’ll be listing opportunities related to metaverse and its development.
- Graphic Designer
- Blockchain Developer
- Metaverse Software Engineer
- Digital Marketing Specialists
- 3D Artists
- Game Designers
- Community Moderators
All of these jobs are long-term commitments. But the results are stability and a good yearly income. Technical positions related to the metaverse don’t require a lot of experience. This is because the industry is still finding its footing. If you get started now, you’ll likely earn more than regular jobs in a relatively short time.
How to Make a Living in the Metaverse?
We’ve got a proper break down for the rest of us who want to live a virtual life and make a living there.
Buying property is a sure way to earn passive income. But real property is so expensive that most of us can’t even think about buying it. But you can buy real estate in the metaverse for far less money and start making passive income off it.
You can rent your virtual property, develop the land, or sell it when the prices surge. Whatever you do, you have a parcel of virtual land. And you’re the one who decides what you will do to make money from your land.
If you’re spending time in the metaverse, you’d be tempted to play metaverse games. These games are usually P2E (play-to-earn). Through these games, you can spend time in the metaverse without getting bored. And at the same time, you’d be making real money.
Some games pit players against each other, and the winner takes the rewards. In contrast, others have rewards for completing specific tasks in the game. Whatever the model, you have a real opportunity to make money by playing games.
Create Metaverse Games
Have you ever had a game idea but lacking development skills made you abandon it? Now, the metaverse is giving you a chance to realize your dream – in virtual reality. Many metaverses have their own game development tools that you can use to build games easily.
For example, XANA has the XANA Builder. It is a great tool for newcomers because they get every element pre-built. All they have to do is drag and drop these to create a functional game. Or they can customize elements, combine those, and even create their own for a completely unique experience.
When people play that game, you will be the one making money.
Design Avatar Accessories
Everyone likes to customize their avatars. This usually comes in the form of NFTs. You can create these NFTs like clothes, shoes, hairstyles, and other accessories. Everything is available at the local marketplace of the metaverse for buying. Even if the accessories are exchanged, you’ll get paid in the form of royalties.
To do all of this, you should have some basic knowledge of 3D design – and design in general. This is crucial because people expect quality accessories for their digital avatars. And if you provide quality, you’ll make a name for yourself in the metaverse as a go-to designer.
Host Virtual Events
If you own a parcel of land in the metaverse and want to make money, hosting events is a good way. You can sell the event’s tickets for a specific price.
If you promote it properly, you can make a lot of money from a single event. You can collaborate with artists and bring their concerts to the metaverse. There have been several metaverse concerts that attracted millions of fans. Travis Scott’s Fortnite concert is a good example.
There’s a Lot More in the Metaverse
Metaverse has so much more to offer. You could run a parallel business in the virtual world and make extra income without much effort. You could be an architect in the metaverse and design buildings for others. Architectural skills will be beneficial in the coming years.
You can keep exploring and find a niche you’d be comfortable in.