5 Ways to Earn Big in The Metaverse
The metaverse comes with plenty of lucrative opportunities, allowing people to generate steady income online from anywhere in the world
The metaverse revolution is upon us, garnering attention from tech giants and average users alike. Metaverse provides several ways of generating income online and trading digital assets with real-world value .
As unbelievable as it may sound, with the launch of the XANA metaverse, people will have plenty of revenue generation options from the comfort of their homes. In this article, we will discuss the top 5 ways you can make money in the immersive virtual world.
NFTs
Until last year, we only saw NFTs exploding in the art sector, with CryptoPunk and Bored Ape Yacht Club showing an incredible price run. But in the XANA metaverse, these NFTs have the potential to be turned into wearable digital assets, and easily sold in NFT marketplaces that are integrated on the metaverse.
Users can acquire avatars, virtual land, wearables, and equipment within the metaverse. All these digital assets in the metaverse are represented by NFTs so that their value is recorded on a blockchain, and this translates in real world value as well.
There are many strategies that XANA metaverse users can utilize to generate an income using NFTs on the metaverse. Users can trade NFTs on the metaverse as a means to make some profit, but this does carry some risk, and would require some initial capital. Another method that does not require any capital, and is almost risk free is just using your creativity to make wearable digital assets for the metaverse, and sell them as NFTs.
Gaming
At the moment, gaming is the leading activity on metaverse environments, and they allow people to earn significant money through their play-to-earn ecosystems. Users can also trade in-game assets represented by NFTs at NFT Marketplaces for tokens that carry real world value.
By playing blockchain-based games in the metaverse, you can unlock achievements and get rewarded. You can also generate income by building games for others to play and enjoy in the metaverse.
Education
With the pandemic forcing schools to shut down, the potential of virtual schooling has become more apparent than ever before. As the metaverse develops, it will become an increasingly immersive space that will make online education more interactive and personalized.
XANA metaverse allows educational institutions to set up a virtual school in the metaverse. The students will enjoy increased exposure to global instructors, carry out real-time chat, and interact with each other as avatars. The immersive learning experience will minimize the negative effects of remote schooling.
Individual educators can set up their own learning facilities on the metaverse where they can charge their students to attend their seminars. Educators can charge their attendants in the form of tokens through an admission fee or sell NFT passes that will allow holders to attend their seminars.
Fashion
Renowned fashion brands like Gucci and Louis Vuitton are experimenting with virtual clothing, introducing them as NFTs. Successful brand collaborations are also being carried out in the gaming sector with initiatives like Valentino x Animal Crossing and Burberry x Blankos Block Party.
Even if you don’t have a big name in the fashion industry, you can still create a clothing line of digital Wearable Assets for the avatars people have in the metaverse. You can come up with interesting creations and help your friends in customizing their avatars. All digital wearable assets on XANA are represented by NFTs on the XANA blockchain, which means they can be sold on NFT Marketplaces allowing you to earn big through your digital wearables.
Real Estate
Lately, virtual real estate has seen a massive boom, with a craze amongst people to seek digital land in notable metaverses like The Sandbox and Decentraland. Virtual plots in prominent locations have a lot of value and can help owners strike a jackpot.
There are many ways to earn through virtual real estate, including re-selling the purchased property for a higher price. Developing your virtual land, and renting your property can also become a decent source of income. People looking to host a virtual concert or an E-sports competition would gladly pay some kind of fee to rent out a virtual property that has already been developed to fit their needs.
Create and Earn on XANA
Not all metaverses empower users to generate an income through their creativity. XANA is a metaverse that enables user-generated content and encourages users to come up with multiple earning opportunities because of its decentralized system. This is just the beginning of the metaverse, and in the coming years it will drastically improve our lives just like the first iteration of the internet did many years ago.
