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3 Legitimate Ways to Make Money in the Metaverse

04.04.2022 10:27 AM
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3 Legitimate Ways to Make Money in the Metaverse
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3 Legitimate Ways to Make Money in the Metaverse
We are currently entering the era of Web 3.0: a world built on distributed ledgers, virtual reality, metaverses, cryptocurrencies, non-fungible tokens, artificial intelligence and the internet of things.

Here are ways to position yourself to make sustainable wealth in this brave new metaverse.

1. Virtual real estate

Real estate has always been the hallmark of long-term wealth for the elites. The reasons are obvious: You might make a lot of money through NFTs and cryptocurrencies one day, and lose everything the next. But with real estate, the tendency is to consistently earn profits year on year. Its hallmark is stability: Even if it has a few bad years, the trend is to balance out over the long term.

2.Service businesses

Many traditional businesses are looking for ways to enter the metaverse. Most laypeople have heard about blockchain, cryptocurrencies and NFTs, but have no clue what these terms really mean.

3. Straight investment

Depending on your financial situation, you could simply wait for a market dip and invest in a broad number of cryptocurrencies with medium- to long-term potential. Yes, you’re going to miss out on the initial explosive growth (the Polygon token ($MATIC) was up over 4,000% in early 2021), but projects like Polygon, Solana, Ethereum and Ankr are huge ventures with solid backing. They are interoperable, multi-chain and industry agnostic. In other words, they have good long-term viability and might be a solid buy in an investor’s arsenal, even if the initial jump was missed. They also have the ideal industry partnerships to position themselves intelligently for the up-and-coming metaverse era.

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