The metaverse is a virtual world where people can interact and transact with each other, and there are several ways to make money in this new economy. Here are a few possibilities:
Virtual real estate: Yes real estate in a digital world. As the metaverse becomes more popular, demand for virtual real estate is likely to increase. You can buy virtual land, build virtual properties, and rent or sell them to other users. Lands are either known as Parcel (1 square) or estates (Multiple connected squares forming bigger surface area) Buying lands is often a first come first serve basis. Alternatively you may have to register your interests before land releases. Location Location. Land in most metaverses are within a squared map. Most lay outs of these maps are made up of the centre which is often the most demanded area for land owners. These plots usually sell extremely fast to an eager, early investors. This often becomes infuriating if you keep missing these opportunities but the good news is other high demand areas are in the top left and right and bottom left and right of the map. These are often called event areas where we you can experience concerts, art galleries , shopping districts, clubbing, partying or gambling areas and more. These are also demand areas so the closer you can get to such area the higher the value the land could be worth on a re-sale. Land prices often go up when demand comes in. Bullish markets or bullruns can increase land prices significantly. In 2018 I personally obtained land in Decentraland for $500 and in the height on 2021 the re-sale value was close to $50,000 When demand is low these prices can fall significantly. You can also loan/rent your land out for passive income to advertisers, artists, musicians and more.
Digital goods and services: You can create and sell digital goods and services, such as virtual clothing, accessories, or in-game items for popular metaverse games. You can also offer virtual services, such as events and experiences, or provide freelance services such as graphic design or writing. There are many celebrities within the metaverse or high end businesses looking for freelancers to manage future events or help their event socials trend. You can also buy digital items when demand is low such as clothing, music, equipment and art to then sell when demand is high.
NFTs: Non-fungible tokens (NFTs) are unique digital assets that can be bought, sold, and traded in the metaverse. NFTs can include virtual real estate, digital art, or in-game items and are often sold for high prices due to their uniqueness and scarcity. Some of my recent in game NFT purchases are within Wilder World (WILD) in forms of footwear, cars, beasts , apartments and more which will all be needed on game release.
Cryptocurrency: Some metaverse platforms may use their own form of cryptocurrency, which you can use to buy and sell goods and services, as well as trade on external cryptocurrency exchanges. Decentraland (MANA) Sandbox (SAND) Wilder World (WILD) Cryptocurrency prices fluctuate often but buying high demanded metaverse tokens in bear markets and holding until bullruns or bullish market conditionscan generate big profits. Example - If you bought SAND token in October 2020 and some how managed to sell at all time high you would of made of 30,000% profit.
Advertising and sponsorship: As the metaverse grows, businesses may be interested in advertising and sponsoring events, products, or services within the virtual world. You can offer these marketing opportunities to businesses and earn a commission for your efforts. In decentraland I have built 3 basic sign posts in different high demand areas. Peak of the previous bullrun these rented for $500-$800 per month
It's important to keep in mind that the metaverse is still in its early stages, and the opportunities to make money may change as the technology evolves.