Metaverse Scramble: You don’t need to invest huge capital to make a good comeback in virtual worlds. Tom McDermott of Metaprints has some suggestions to help you become a metaverse tycoon, even in a bear market.
According to industry estimates, the VR gaming world and Metaverse could generate over $1 trillion by 2025.
Let that sink in for a second…
Predictions like these really make people sit up and wonder how they might make an impact. This can be done by generating regular income through real estate investments and metaverse experiences.
You may have seen in February of this year that someone paid the colossal sum of $450,000 to be Snoop Dogg’s neighbor in the Metaverse. This is just one example of the lengths people are willing to go to get the right virtual pitch.
Similar to the “real” world, businesses and brands are looking for a virtual brand presence. They want a way to advertise products and events within the metaverse, making themselves as visible as possible.
Virtual billboards and other forms of advertising space are readily available for you to purchase and “own” within metaverse platforms such as Bloctopia.
This gives investors passive income from brands that are willing to pay to advertise there. If you buy multiple billboards in developed or developing areas early on, the rewards could be even greater. As the area becomes more popular, you can charge advertising fees to the highest bidder.
This trend will only grow. We’ve seen a number of customers already targeting prime real estate alongside the bigger brands. Get them before they’re gone!
Metaverse hustle 2: Game to win (P2E) in the Metaverse
Play-to-Earn games are already very well established in the blockchain industry. This allows you to “earn” cryptocurrency tokens for your participation or achievements in a virtual game. This mechanic is also prevalent in the metaverse.
Platforms like The sandbox introduced game mechanics into their virtual worlds. With this comes the opportunity for you to earn by simply participating in P2E games. P2E games haven’t really taken off yet. But it will soon become one of the most popular use cases for participation in Metaverse and a good reason to get involved.
Our own P2E game can be accessed via Social Center Games in the sandbox. Participants with a Social Hub Pass will be able to earn $SAND tokens simply for participating in the games and experiences on offer.
Metaverse hustle 3: Buy land strategically
There are two main reasons why you might want to buy land in the Metaverse. First and foremost, you generally tend to only buy land if you plan to build a house or possibly a business on it.
Metaverse “homes” are a great way for people to show off their lifestyle online. This is similar to the number of people who had a personal web page in the early days of the internet, before moving more recently to social media.
The main reason for buying land, however, is an investment. Now, as we know, any type of investment involves risk, but also the prospect of high returns. Choosing “up-and-coming” metaverse platforms to buy land from, while they’re still relatively unknown, might pay off later.
It’s also important to remember that once you’ve established where you want to be, you always have the option of earning extra income by renting out your land. Remember to do your research and not put all your eggs in one basket.
Metaverse hustle 4: Expand your terrain
Once your land is secure, what are you going to do with it?
You don’t need a structural engineering qualification to make an impact. Do some simple research and understand what’s missing in your area. Then you can showcase properties, businesses, and even virtual shops.
In short, create things that interest people or the community. The more time and effort you put into it, the higher its potential value to others.
If you’re against building from scratch, why not buy a domain with something already on it? Then, by making subtle improvements, you will be able to observe that its value increases steadily over a shorter period.
Metaverse hustle 5: Creating experiences
Many investors will buy plots with the sole intention of doing very little and sitting on them. This is in hopes of selling it for a profit later down the line. By using metaverse design companies, you can easily multiply your plot value many times over. These range from custom-designed architectural masterpieces, to clever business concepts, to event spaces or even “tourist attractions”. Let your imagination run wild!
It’s not hard to see how important metaverse development will become over time. New businesses are popping up almost daily with amazing structures and experiences that will draw users to your land, multiplying its value exponentially.
Get ready for the long game
There’s no doubt that the Metaverse is a land of virtual (and real) opportunity. But be prepared to accept that big returns won’t happen right away. It may be another year, if not much longer, before the metaverse as a concept returns to mainstream consciousness. However, by biding your time, investing wisely and strategically, focusing on quality projects, and avoiding those “too good to be true” platforms, you could emerge from this bear market as a virtual tycoon. lands !
About the Author
Tom McDermott has over a decade of experience creating and leading digital content campaigns for some of the largest organizations in the world. Starting out as a digital media reporter at Sky, Tom has extensive experience creating content in written, audio and visual form, successfully applying his experience to both B2B and B2C markets. He is currently responsible for digital content for Forjmember of the Animoca family.
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