The term metaverse is used to depict a speculative and futuristic version of reality based in immersive virtual worlds. Basically, it’s a virtual reality rendering of a mostly made up alternative world or universe.
Although the term virtual reality has been around since the 90s, the metaverse became popular after Facebook redesigned and changed its name to Meta.
VR headsets can be used to enter the metaverse and engage in virtual activities including buying, attending events, studying, and socialising with people online. But you can also visit versions of the metaverse in games like The Sandbox, Minecraft and Axie Infinity, and even games like Fortnite.
Many experts view the metaverse as a 3D rendition of the Iiternet where users can easily transition between realms while being represented by their avatars. Although the metaverse is still in its infancy, this has not stopped big names like Walmart, Microsoft, Apple, and Nike from investing and vying to gain a foothold in the digital world.
The future is a computer stimulated one, which begs the question of how to make money in the metaverse.
Lets find out! Read on to discover ten ways you could earn real money in the metaverse!
Real estate agent
The metaverse is a growing market for buying and selling virtual properties. You could apply your physical world real estate experience to the metaverse – and you don’t even need to be an accomplished real estate agent.
Plenty of people buy and sell property in online games, so you could potentially earn some great money in the metaverse by buying land or property.
NFTs are unique digital tokens that may be used to buy land in metaverses like The Sandbox and Decentraland. With careful investigation, you may forecast the metaverse’s future development and make money.
Tour guides will be in great demand to help travellers hop from one virtual universe to another as more attractions and travel locations become available in the virtual world.
Metaverse guides will be required to know about art history, gaming, culture and immersive navigation.
Metaverse law may be a lucrative and soon-to-be-available career opportunity in the next few years. Although the legal environment in the immersive world is still evolving, it is something to keep an eye on. Legal involvement will be necessary in matters including NFT ownership conflicts, copyright problems with digital art, and rules on virtual assets, to name just a few.
Becoming an entrepreneur or business owner
Make the metaverse your playground and explore various business ideas mentioned in this article or develop something entirely new.
Virtual theatres, stores, collectables, investing in crypto, the list of opportunities is endless. Various platforms make it easy to earn money without much physical exertion and maintain your privacy.
There are plenty of digital jobs that could also feature in the virtual world, such as graphic designers, content creators and more.
Hosting metaverse events
The emergence of virtual reality is transforming how we consume entertainment, with artists like Marshmello, Twenty-One Pilots, and Travis Scott leading the way.
Live concerts can now be held without constraints on physical space and allow for an equally immersive experience.
The rush to host conferences, sporting events, fashion displays, and other events has already started. Event management for the metaverse could be the next great business idea.
Play to earn games
What’s holding you back from transforming your love of video games into a lucrative career? If you’re a strong player, play-to-earn games allow you to earn cryptocurrencies and other digital assets while having fun.
A game developer’s nirvana – simulated reality – allows them to combine narratives with VR design platforms and monetize their games.
This is probably the best known way to make money in the metaverse. And although many games are pay to play, there are also plenty of metaverse based games where you can earn rewards in crypto (which you can convert to real money).
The best games for earning real money in the metaverse include:
- Axie Infinity
- The Sandbox
The stylists enter the scene when it comes to styling your digital twin to give it personality. Brands like Gucci, Balenciaga, and Dolce & Gabbana are joining the race as the digital fashion revolution sweeps the world of fashion.
To be worn by avatars as skins in video games or other avatar-based applications, a metaverse stylist will design and produce digital apparel and accessories for them.
The popularity of NFTs is the best known real world effect of the metaverse. And this growing sector is ripe for those savvy enough to take advantage. In fact, creating NFTs with real use cases and a community is probably the best way for digital artists to make money in the metaverse.
Although many people are looking for the next ‘Bored Apes Yacht Club’, think outside the box for the best potential. Think of artworks that could be displayed in someones virtual world, clothing items, weapons for games, trinkets, collectables… The list goes on.
Cyber security professionals will play a significant role in the metaverse by working in real time to protect the system from hackers and will be monitoring all activities and ensuring that protocols are followed. As we enter a world where personal data like biometrics can be used against us and chances of hacked headsets, data leaks, and cyber threats are possible, they will be crucial.
A legal degree with a tech inclination or experience in general cyber security will do.
If you can’t move around and feel like you are a part of that environment, what good is virtual reality? Hardware engineers are working on developing devices like wireless headphones, cameras, and sensors to capture that fully immersive metaverse experience. For the position of a metaverse hardware engineer, a background in mechanical, computer, electrical, or optical engineering is required. In addition, you must be knowledgeable about computer aided design, head tracking, and eye tracking.
The pandemic proved that physical distance was not a constraint while teaching, the metaverse has opened several doors for teachers to reach a large student base.
Online education will be more environmentally friendly and will require less time and money to set up the necessary infrastructure. People will be motivated to learn and a positive learning atmosphere will be fostered by lessons designed specifically for each student’s needs.
We hope these ideas to help you make money in the metaverse have inspired you… This is by no means an exhaustive list, so let us know what we’ve missed, or what you think, in the comments below!