Since Mark Zuckerberg has announced that Facebook would be known as Meta, its share price has increased by over 9%, which is more than double what Nasdaq has done in all these years.
If you don’t know what the Metaverse is – think of it as a virtual world where you can work, meet, and connect with other people. We can describe it as a computer-generated world/ virtual place ( beach, forest, mountains, or office) that one can visit via VR headsets. The possibilities of the virtual world, i.e., Metaverse, are endless, and Facebook wants to be at the top in this game.
Why should you invest in the Metaverse?
According to the Grayscale Decentraland Report, “Metaverse is estimated to be a trillion-dollar revenue opportunity.” As it’s such a colossal opportunity, most tech giants and investors are scrambling to gain a foothold in the emerging digital ecosystem.
The Metaverse is considered to be the next iteration of the internet. Some people are calling it Web 3.0. The static page websites, such as Yahoo and Netscape, are Web 1.0 versions of the internet, whereas Facebook, YouTube, and Instagram are considered to be Web 2.0 internet versions.
With version 3.0 internet, the plausible scenario is that you’ll be able to go on a virtual date with your partner. You can stroll through a forest with your date and then can watch your favorite movie at any place you want to. You can buy a land in the virtual space.
Jeffries – the investment banking group believes that investing in the Metaverse will be like investing in the internet’s earliest days.
But the real question is should you invest in the Metaverse.
Well, every person has it’s own perspective, and we want you to know how it’ll benefit you. You must understand how to make money in Metaverse to know why you must invest in it.
1. In your Metaverse gaming space, you can offer ad space for other companies and can charge them heavy for this service.
2. You can also add your Youtube play button or promote someone else’s channel to earn money.
3. Similarly, you can promote the social media accounts of various companies to generate revenue.
4. You can buy land in Metaverse and sell it at a higher price.
5. You can use your virtual space to promote real-world business and then earn in the real world.
6. You can rent out your space to a third-party company and earn money from that.
Some other ways to earn money:
- Play to earn games
- Online partying and concert participation
- Online shopping
- Open art gallery
- Metaverse architecture and designer
Depending on how early you adopt the trend and how creative you can be with Metaverse, you can easily earn between $100 and $15,000 per month.
As you can see, the Metaverse offers multiple opportunities to make money, so we believe that you must invest in the Metaverse for the betterment of our real and virtual world.
Where to invest money in the Metaverse?
Crypto and Metaverse land are just some of the ways future tech enthusiasts can invest in Web 3.0. However, we want to inform you that the Metaverse is still in its infancy and its value proposition has yet to be proven. Any investment in the Metaverse should be considered speculative and highly risky. So, make sure to think wisely before making any investment.
Want to know how to invest in the Metaverse, stay tuned to the Alberta TechWorks blog!
