Metaverse is the next big thing, no doubt about it! And there are ample money-making opportunities also available in the virtual universe. But do you really know how to make money in the Metaverse, that too, legally?
There are many options, from buying land in the virtual world to renting out that property, selling NFTs, and investing in metaverse index stocks.
But not every opportunity will pay you the same. Besides, you need to choose the option depending on your existing skillset.
So, we have delved deep into the Metaverse to filter out the best options for you, which are bound to make you money according to the current industry standard. So, without any further ado, let’s start!
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What Is Metaverse?
Metaverse or meta-universe is actually cyberspace in a 3D environment that connects the avatar of individual people in virtual reality. You can enjoy many aspects of life on Metaverse, which you used to enjoy in a real-world scenario.
Any metaverse user can travel from one point to another point in cyberspace using his or her avatar.
Besides, you can also do everyday activities in the virtual world as well, such as hosting an event, selling digital things, investing in metaverse properties, and a lot more. You can consider this as a digital copy of the physical realm.
The Coming Future Of Metaverse
Before investing your time to find ways to profit from Metaverse, you must thoroughly understand this virtual universe’s future. And there are many ways to make money fast and easily on Metaverse that you can make use of.
However, it will take some time for the giant tech establishment to achieve the target they have already planned in cyberspace.
So, the future is bright! And more and more brands and global establishments are now entering the Metaverse to make their stronghold and also to get an early mover’s advantage.
But one thing is for sure the future of Metaverse will be a lot different, as many tools and equipment are in the making, such as haptic suits and VR glasses to give you a real-world feel.
Can You Make Money In The Metaverse?
Yes, you can definitely make money in the Metaverse! The rule is simple: if you can make money in the real world, you can also do it in Metaverse. But not every person has the correct understanding of how to make passive income in the Metaverse.
The best avenues to make money in the Metaverse are definitely NFTs, AR, VR, blockchain, and crypto.
However, you can also invest in other types of digital assets, such as virtual land in the Metaverse, to get a good return in the near future.
Many large establishments, such as Facebook, Microsoft, and Nvidia, have already entered the field to build the next-gen social media platform. So, the future is now brighter than ever.
You may not believe it, but several celebrities, including Johnny Depp, Paris Hilton, and Snoop Dogg, have already invested in metaverse assets.
How Much Money Can I Make From The Metaverse?
Before you know how to make money in the Metaverse, you need to understand what your earning potential can be from this virtual space. There is no doubt that you can make extra money without putting much effort into Metaverse.
According to a recent report by ZipRecruiter, a digital world or game designer now averages around $80k a year. And the average median salary of a credible AR/VR engineer can even cross $115k a year.
Even if you work as a virtual laborer in Metaverse, making more than $20/hour on average will not be challenging. But if you know how to trade cryptos and NFTs in Metaverse, you can even make millions.
Steps To Make Money In The Metaverse
Before you can start your money-making stint in Metaverse, you need to take care of a few things to set up your VR profile correctly. And here are the five steps that you must take.
- Set up your crypto wallet first, as all the monetary transactions in Metaverse will be done through cryptocurrencies.
- You also need to choose the right metaverse platform that has a bright future and prospects.
- Investing in digital real estate that you can rent out or even sell when you want is always better.
- If you have the right technical knowledge, it is better to develop digital assets, such as NFTs, on your own.
- You must invest in only those virtual properties that can be monetized.
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How To Invest And Make Passive Income In The Metaverse?
There are now ample options available to try if you are unaware of how to make money in the Metaverse. So, we have filtered the six best options for you that you can confidently try in the meta-universe.
1. Rent Out Your Metaverse Land/Space
Owning land is the best thing to do in Metaverse, no doubt about that! But what’s next is renting out that land to other people to create a steady stream of making a profit each month. However, your land should be in a good metaverse environment to fetch the most amount.
Businesses, individual establishments, and even brands are now looking for virtual lands in prime locations to set up their virtual stores.
You can set up your rental price depending on the distance between your property and the center of the virtual town and its popularity.
2. Buy And Sell Digital Real Estate
Real estate is among the best physical assets to buy, even today. And it is also true for the Metaverse, as land and real estate are hot commodities in virtual space.
According to a recent report, the virtual real estate market will touch an operating revenue of more than $5 billion by the end of 2026.
These days, good virtual lands sell for more than $4 million. However, you need to be extremely selective to purchase land in virtual space.
3. Set Up An Online Store
All you need is to set up a virtual online store if you don’t know how to make money in the Metaverse.
Every business is now moving into cyberspace, as it is the era of digital dominance. And because of that, many companies are now taking the early-movers advantage to create their virtual shops beforehand.
You can set up your metaverse shops in popular areas to get more eyes on your virtual products. Besides, you can also set up your target group by establishing your shop in the active places in Metaverse.
4. Invest In Metaverse Index
Invest fund is a type of fund in the Metaverse that works quite similarly to real-world stocks. And if you don’t know how to invest in the Metaverse, you must start with metaverse index funds. Trust me; it is among the best ways to make more than $50k/year from home.
The new asset classes are rapidly incorporated into the blockchain industry. And for that, new funds are being created on a daily basis.
So, you can invest various funds for companies that now work in the virtual space to offer their crypto-related and blockchain services.
5. Invest In Cryptocurrency
Like share, there are two types of crypto investment that you can proceed with these days. First, you can buy and hold crypto for a long time to make a hefty profit at the end.
And secondly, you can trade crypto daily to make a short-term profit. And there are many great investment apps available where you can get this opportunity.
You can also invest in cryptocurrencies for specific metaverse platforms like The Sandbox and Decentraland.
And if your invested Metaverse grows, the value of your crypto wallet will also increase accordingly. Besides, you can also make a profit from ICO (initial coin offerings).
6. Trade Metaverse Token
Metaverse token is an open-source virtual asset primarily built on the Ethereum (ETH) technology.
The value of the metaverse token depends on the fluctuation between the demand and supply graph in the Metaverse. It is like buying a stock where the token’s price depends on Metaverse’s future.
The best thing about trading metaverse tokens is that you can directly exchange these tokens for cryptocurrencies. And for that, it has an excellent dilution value.
However, holding these tokens for a reasonable amount of time is better for making a good profit.
Best Ways To Make Money In The Metaverse
Trying passive ways is not the only option for you if you want to know how to make money in the Metaverse, as many direct earning options are also available.
So, we have filtered eighteen such options for you that you can try with confidence.
7. Play-To-Earn Metaverse Games
It is now very much possible to get paid to play games. And it is true even in Metaverse. You can now play different games in different Metaverse in your free time to make money.
And there are many companies available in Metaverse that give attractive cash and crypto rewards for players.
Axie Infinity is one company where you can make money depending on your performance within the game.
You can earn additional points by completing specific gaming challenges and participating in virtual competitions. And you can transfer that winning amount directly into your crypto wallet.
8. Promote Companies
There are now many ways to start a business without investment in the real world. And it is true for Metaverse as well.
If you have a good place in Metaverse, you can promote the businesses of others to make money. You can also get attractive cash offerings for referrals and sales conversions.
If you have design skills, you can take this a step forward by incorporating attractive images and posters of products and brands in your virtual space.
And if you can create a good design to catch the eyes of metaverse users, your commission income can skyrocket.
9. Make VR Games
VR or virtual reality is the future, no doubt about it! And if you don’t know how to make money in the Metaverse, you must start your quest with VR games.
It is not just fun to play but also gives you a real-world feel due to its 3D engines. You can also create games and tools to make money as well.
There are many game development platforms, such as The Sandbox and Roblox, where you can create your own game and sell it online.
You can also license your game to bigger gaming companies to make a commission.
10. Open an Art Gallery
Reddit is a great platform to showcase your product to a niche audience. And you can use the platform if you don’t know how to make money in the Metaverse by using Reddit.
Besides, there are many money-making crafts to sell online that you can also try in the virtual world.
You can also open a virtual art gallery in Metaverse to showcase your artwork, virtual posters, and even your art-related NFTs.
Besides selling those items to virtual clients, you can also charge a small entry fee to enter your art gallery in Metaverse.
11. Sell Data Online
Data is the next fuel in every field, as more and more companies are now analyzing new data to focus on their target groups.
And it is also among the hottest commodities you can sell in Metaverse as well. Most business owners and brands need data before they launch their products in Metaverse.
And for that, they are ready to pay excellent prices. Besides, many ad agencies also need data to drive their ad campaigns.
However, there is a chance that data selling will be restricted to a certain number in the coming future to safeguard sensitive information from leaking out.
12. Virtual Labor
There is no limit to possibilities in the virtual world. And if you are a technical person having skills in designing, development, programming, translation, writing, and anything creative, you can work as a virtual laborer in Metaverse to make money. And you can also sell these skills to brands and companies.
You can also try your luck while working as a virtual customer support agent in Metaverse. Besides, you can also opt for content moderation if you have a good grip over social media and forum moderation.
And there are many such platforms that exist from where you can easily get these kinds of jobs.
13. Test Products
Testing new products and services can be the best bet if you still don’t know how to make money in the Metaverse.
There are many such platforms exist where you can get paid to test products. You can assess any service or virtual product in Metaverse to make money as well.
And now, there is a high demand for credible virtual testers in Metaverse. As a tester, you need to point out any system or design flaws to make the product or service more customer-friendly and consumer-oriented.
Many companies also pay their testers in crypto coins you can hold in your crypto wallet.
Highly Recommended: 35 Unique Ways To Get Paid To Test Products In 2023
14. Organize Metaverse Events
There are many ongoing events in Metaverse, and more events are happening daily. And hosting an event on Metaverse can be a lucrative way to make money.
However, you need to ensure a great venue on a great platform to catch the eyes of interested people.
You also need to make sure that you have a good audience to attend your event. Besides, you also need to ensure that the event is organized correctly and that all the necessary safety protocols are followed.
However, you need to market your event using your social media handles.
15. Travel & Tourism
There are three types of travel you can do on Metaverse, which are inbound, outbound, and domestic.
You can either travel from a particular destination to somewhere else or can also take a day trip to nearby tourist destinations in Metaverse. And there are many ways to get paid to travel in Metaverse.
You can start working as a travel broker, where you’ll work as a bridge between the travel companies in the Metaverse and the meta people.
Besides, you can also work as a broker of hotels and staying options in Metaverse.
Do Check Out the 21 Best Travel Jobs To Make Money While Traveling.
16. Become A DJ In Metaverse
Disk jockeying is a profession that is now a hot option for the gen-Z guys. And you can do the same in the Metaverse, as it is a copy of the real world in the virtual world.
So, you can start working as a disk jockey to give life to parties in Metaverse.
But to become a credible DJ, you need to have a thorough understanding of music and mixing.
However, you can now easily learn disk jockeying skills on platforms like Tribe XR. And once you gather those skills, you can keep an eye on the DJ-related gigs in Metaverse.
17. Become A Metaverse Architecture
A metaverse architect is someone who designs, builds, and also maintains the metaverse world.
And if you have coding skills but don’t know how to make money in the Metaverse, becoming a metaverse architect can be your best bet.
If you are a talented designer, you can also build your own Metaverse and sell it to bigger companies for money.
Besides, you can also design elements in existing metaverses to make money from that. However, you need to have a good grip on building designs and city planning to do so.
18. Become A Tutor or Educator
Teaching is not just a noble profession but also equally paid these days. And there are now many online tutoring job options available where you can make even more money than regular offline teachers.
And same goes for Metaverse, as there is a virtual option to teach kids.
Besides teaching general subjects, such as math, physics, and computer science, you can also teach vocational subjects, such as designing, coding, and music.
And whatever you can teach in the real world can also be done in Metaverse. But it may take a bit of time to get good students.
Most Related: 16 Best Platforms To Get Paid To Teach Online.
19. Take Part In Concerts
Metaverse first got global recognition, especially among non-tech people, when it started holding big musical events and concerts in the meta-universe.
And you may not believe it, but there are many great artists that have already performed virtually, such as David Guetta and Justin Bieber.
You can organize one such musical event in Metaverse and fix a ticket price. Besides, you can also sell merchandise at that venue to top up your income.
And there are many such concerts also available in Metaverse where you can get paid to attend the concert.
20. Create And Sell NFTs
The market for non-fungible tokens is rapidly booming, as more and more new players are now entering the meta-project each day.
And if you know how to design and launch NFTs, it is the right time to start your quest for money in Metaverse. You can create NFTs about anything.
From any good digital painting to any animation art, you can easily make NFTs of those creative outputs.
Besides, you can even make NFTs of songs and ringtones. You can also opt for minting rather than directly selling your NFTs directly to customers to make referral commissions.
21. Online Karaoke
Do you know you can now also build a karaoke bar in Metaverse? Yes, if you are a music enthusiast and love to sing with the chorus, it is the best thing to do in Metaverse.
And trust me, organizing a karaoke event can be lucrative if you don’t know how to make money in the Metaverse.
You can set up a karaoke bar in a popular place in Metaverse to catch maximum eyes. And you can fix an entry fee to make a recurring income from it.
Besides, you can also host special musical nights and even trivia nights to make more money on top of that.
22. Create A Digital Clothing Brand
We all love to wear good clothes from good clothing lines in the real world, isn’t it? And there are now many options available where you can get paid to wear clothes.
You can do the same thing on Metaverse as well, where meta people can wear your designer clothes through their avatars.
You may not believe it, but there are many big brands that have already opened their stores in the Metaverse, such as Gucci, Louis Vuitton, and Armani.
And you can do the same by launching your own digital clothing line. But you need to market those pretty well.
23. Get Sponsored For Free Events
If you have the right kind of marketing skills, you can definitely start gathering sponsors for big events in Metaverse to make a profit from it.
There are many companies and brands that like to put their ads on big events in the meta-universe to showcase their products and services.
And many organizers also look for sponsors to host their events properly. So, you can start working as a bridge between them.
You can claim up to 20% commission for providing a sponsor for any particular meta event. But yes, you need to have strong networking skills.
24. Freelance Metaverse Projects
You need to get this thing first; what you can do in the real world can also be done in Metaverse. And if you have any skill in a particular discipline, you can also use that in Metaverse to make money.
You can freelance your project if you are a designer, coder, programmer, animation artist, or anything creative.
There are many communities and groups available in Metaverse that frequently post requirements of talented freelancers.
Besides, you can also keep an eye on Facebook groups and Reddit threads to get those offers. But start with a low-paying project to make a foothold in Metaverse.
Final Thoughts On How To Make Money In The Metaverse
You need to understand that Metaverse is actually a virtual copy of the real world where you can do anything that can be done in the real world.
So, you can capitalize on the talent you have and use that on Metaverse in many ways to make money. So, there are all the options we have if you don’t know how to make money in the Metaverse.
But, if you think we have missed any option or know about any other ways to make money in the meta-universe, feel free to drop your suggestions and feedback in the comment box below.
Can I set up my business in the Metaverse?
Anything that can be set up in the real world can also be set up in the Metaverse. And the same goes for any business or business establishment.
But you need to purchase virtual land and get a good 3D designer on your team to make your business establishment look better in Metaverse.
Besides, you need to design the digital space in such a way that you can get the maximum eyes of prospective clients.
Can I host events within the Metaverse?
Yes, you can host events on Metaverse and profit from it. There are many great musical artists that have already performed in big metaverse events that generated millions of dollars.
So, if you have a virtual land in Metaverse, you can use that land to host any event. But don’t forget to market the event properly through your social media channels and other forums to get maximum participation.
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