How to make money in the Metaverse? New business models and opportunities in the metaverse

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Today we will answer what are the opportunities for making money in the Metaverse? Talking about the metaverse today is like talking about the internet in the 1990s, the world's first website defender in 1991, it looks like it's just a few paragraphs of text with hyperlinks, it's the precursor to the modern internet, the first search engine came online in 1993, Three years later, Google debuted, with millions of websites, and the first social media platform, WiFi, the smartphone, and the Internet at an unprecedented rate, repeating the lifestyles of billions of people. Just like what the Metaverse is about to do, Facebook founder Zuckerberg believes that the Metaverse will be the successor to the mobile internet.

In 2021, Zuckerberg renamed the company Meta, announced that it would turn a social media company into a metaverse company, and planned to invest $50 million to build a metaverse that many tech companies and even the entire tech industry have called Metaverse. As a strategic layout of vision, this is a new blue ocean, which is not only related to technology giants, but also brings huge opportunities for individuals to make money. The key is the ownership of digital assets. The Metaverse is an online virtual world that represents the user's virtual avatar and can move from one virtual location to another. It looks a lot like Second Life, such a reality simulation game, but NFT makes the Metaverse similar to this kind of Games make a fundamental difference, you can pay for in-game digital items, but they only stay on the game maker's centralized server, you can't transfer them to other games, and you can't resell them on third-party marketplaces make money.

In the blockchain-driven metaverse, you can own avatars, land, digital clothing and other items, and migrate them NFT across platforms to capitalize digital content. The digital items you buy will only belong to you, without any company. Or the platform can take it away from you, unless you sell it to someone else, all transactions will be recorded on an open and transparent blockchain that cannot be tampered with, you can sell and trade NFT in the market or rent it out for a period of time to earn Take rent, and NFT creators enjoy lifetime royalties.

An NFT can be any digital file, such as a piece of art, a video, music, a GIF, or even a land person in a virtual world. One of the most profitable ways in the Metaverse is to buy land. To own a piece of land in the Metaverse, you can either It can also be rented out to advertisers, builders, etc. who cannot afford it. The more popular the geographic location of the land, the higher the advertising fees charged, and the Metaverse also creates more opportunities for creative workers to make money. For example, in the past, when a musician wanted to release a new song, most of the sales had to be handed over to the record company. , if it is released on a digital music platform, the platform will also charge a portion of the commission. When the fans who own the records sell the records, the musicians will no longer get paid. This method makes it difficult for most musicians to make a living from music alone, but Metaverse musicians can independently release music NFTs to the public, and even sell album covers and concert tickets to earn more income. This may be the exclusive creation method provided by Metaverse for individual creators and artists, not an investment. People, not creators.

How to quickly participate in it and make a profit, you can start with the metaverse blockchain game. For example, The Sandbox provides users with free 3D element modeling software to create NFT models. After completion, they can be sent to the in-game market to become NFT game assets , people can sell transactions in the market for profit. Players with NFTs can even take advantage of the game maker in the sandbox to build 3D games without coding and sell them as assets for a profit.

The Metaverse will open up a new era of creator economy and give birth to new types of jobs. In order to build the Metaverse and maintain the operation of the Metaverse, virtual workers are in great demand, such as 3D art, virtual reality architects, community managers, The virtual world content creator Metaverse will build an entire economy around him, just as the Internet once did, revolutionize all industries, and create tons of new opportunities. To make money out of it you need to know enough about the metaverse to learn how it works. Instead of waking up until reality and virtual come together to hit your head. Fortunately, we are in the super-early stage of the metaverse, and there is still a huge space for development. Many people have just entered the industry and are exploring new ways to play. There is still a huge cake to be divided in the whole field. Don't miss the post-Internet. Another change.

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