Metaverse is the next big evolution in the digital world. Two decades after the inception of Web 2.0 and its successful run, internet users are on the verge of witnessing the dawn of Web 3.0. The new version of the World Wide Web will be three-dimensional, offering an immersive internet experience.
The metaverse has opened new doors of opportunities for myriads of exciting avenues for revenues in almost every sector. Whether a freelancer, an entrepreneur or a full-scale business, you can make money from the metaverse.
The digital assets of the metaverse, such as virtual artwork, real estate and NFTs, are increasing in value day by day. Therefore, it is a great time to invest in the metaverse to generate substantial profits in years to come.
If you are wondering, “how can I make money from the metaverse?” You are in the right place, as this post will share some of the top ways to earn money from the metaverse. So, let us dive right in.
Can You Earn Money in the Metaverse?
Yes, you can earn money from the metaverse and do it following various routes. The potential to earn in the metaverse is limitless. Whether a seasoned investor or a novice, you can earn money by participating in technologies such as blockchain, virtual reality (VR), augmented reality (AR), metaverse crypto coins and non-fungible tokens.
One of the most encouraging trends is that giants such as Microsoft, Meta, and NVIDIA are getting on board the metaverse. The purpose of these companies is to build the next generation of connection, communication, business and interactivity.
Some of the world’s most famous celebrities are also investing in the metaverse. These celebrities include Johnny Depp, Eminem, and Paris Hilton. While some have bought NFTs, other celebrities are creating their own NFT collection to sell for a higher price when the time is right.
16 Ways for Professionals and Businesses to Earn from the Metaverse
If you wish to start earning money in the metaverse, here are the 16 best ways to get started.
1. Becoming a Metaverse Musician
If you are a musician in the physical world, you can create music pieces and convert them into NFTs. The companies can buy these NFTs and continue to pay you royalties. This way, you can start making instant money from the metaverse. Similarly, you can be a DJ who can start performing at virtual concerts in the metaverse and charge for your services.
2. Becoming a Content Producer
Just like Web 2.0, the content will be the foundation of Web 3.0 and the metaverse. If you are a content creator, you can offer your services as a freelancer or open metaverse content.
3. Becoming a Metaverse Game Development Company
If you are a game programmer or developer good at creating small games, you can start your own metaverse gaming company to develop games for others. You can even hire other game programmers and run your own company.
For instance, Sandbox is a game development company in the metaverse that gives users all the tools they need to create 3D games for the metaverse. You can build your own games for monetization or offer game development services to others.
4. Investing in Metaverse Stocks
If you are an investor, you can start investing in metaverse stocks. The formula is simple: research and purchase the stocks from the metaverse index funds and sell them for profits later.
5. Opening an Architect Firm
If you are a digital architect or an architectural design company, you can extend your business and penetrate the metaverse market for a high return on investment. Companies, brands and users will need architectural service providers to build properties, houses, and buildings in the metaverse.
6. Opening Your Art Gallery
You can open your metaverse art gallery as an artist or an art curator. You can display your creative artwork as NFTs and sell them for a reasonable price. You can also make money in the metaverse by charging a door fee for exhibitions.
7. Opening a Metaverse Events Management Company
If you are an events management company, you can adopt the technology and start offering events hosting and management services. You can organize virtual parties, concerts, social networking events, dance nights and more.
8. Opening Your Store in the Metaverse
Metaverse is set to be the future of the commercial world as we know it. This digi-verse will not be a mere portal to surf and socialize. In fact, it will be a virtual world where your business will be able to market your products to the target audience around the globe.
Therefore, if you want to make money from the metaverse, opening your brand store in this digital world is an excellent idea. For instance, if you are an apparel manufacturer, you can open an apparel shop for users to buy clothing and accessories for their avatars.
9. Opening a Metaverse Educational Institute
Are you a teacher or an expert in your industry? You can open your virtual educational institute. Why not teach others about the metaverse and how to navigate this brand-new virtual universe?
10. Opening Your Travel and Tourism Agency
If you are a tourism and travel agency in the real world, you can start offering your services in the metaverse. The users can book a tour to a virtual destination. You can even provide tourism facilities for people to visit other metaverses.
11. Playing Games to Earn from the Metaverse
If you are an avid gamer, this one is definitely going to get you all excited. Yes, you can actually start making money from the Digi-verse by playing metaverse games.
For instance, a metaverse-based gaming platform Axie Infinity will give you rewards based on your performance and gaming profile. All you need to do is play a game, complete the challenges and win the entire competition.
12. Renting out your Virtual Property
You can also rent out properties to create a passive income stream in the metaverse. All you need is to buy a piece of virtual land in the metaverse. Just like the physical world, the location of your property or land will determine how much you can earn by leasing or renting it out.
If you have real estate land or property in a prime location, businesses will be lining up to pay any price you ask for. The formula is simple, the closer your virtual land is to the virtual town, the higher you can charge for rent.
You can even list your metaverse land for rental within metaverse games and other metaverse marketplaces.
13. Renting out Billboards
You can buy billboards in a prime location within the metaverse and rent them out to other businesses and brands for promotion. If you have a building in the metaverse, you can build billboards on the rooftops, rent them out for a price, and start generating ROI from the metaverse.
14. Testing Products
Various brands conduct surveys by collecting trial results before launching the actual product or service. You can make money from the metaverse by trying our virtual products and giving your feedback.
15. Trading Virtual Real Estate
One of the best ways to start earning from the metaverse is by becoming a real estate trader. You can develop virtual buildings, buy properties to rent out, or sell them for profit.
Just like in the real world, you can be a real estate flipper in the metaverse. Buy a property at a cheaper price, give it a makeover and sell it for a higher price.
It may come as a surprise to you, but the metaverse expects the virtual real estate market to surpass $5.37 billion by the end of 2026. If you want to explore your options to purchase and sell real estate in the metaverse, try The Sandbox and Decentraland.
16. Trading in Metaverse Tokens
You can become a metaverse token trader. This is like opening a money exchange shop in the physical world. You can open a virtual exchange where users can exchange the tokens, they own for the native crypto coins in the metaverse they are in.
The Takeaway
No matter which industry you belong to, the future of making money in the metaverse is looking bright. Many brands and experts have already started generating revenue by adopting the technology in its initial days.
Brands like Nike have already announced opening their store in the metaverse. This will allow people to buy Nike clothing, shoes and other accessories to dress up their avatars. Similarly, celebrities are also creating their own NFTs to be sold for profit in the future.
Metaverse is a limitless world of opportunity that will offer more life-like experiences as technology evolves. For instance, you will be able to have a full and physically immersive experience using virtual contact lenses, haptic suits, and other gadgets.
According to experts metaverse will be the evolution of how we interact, trade, communicate and shop. In simple terms, the metaverse will transform human society as we know it. So, whatever product or service you want to bring into the metaverse, you can do so now with a promising future ahead of you.
We hope that the above-mentioned 16 streams to start making money from the metaverse will give you a good to begin your journey. Remember, the virtual world is evolving fast. Therefore, you will have to keep up with the developing technology and make your metaverse business bigger and better.
There are even educational institutes that offer a variety of courses to teach businesses and professionals about the metaverse and how it works. The more knowledge you can gain about the digital verse, the better and more informed decisions you will be able to make.
If you wish to build your own metaverse, Prolific Studio can help your brand. Share your concept of the metaverse or the business you want to build for the metaverse, and we will take care of the rest. Speak to our metaverse development team today.
