There are already several ways to make money in the Metaverse. You can for instance create new worlds, create digital assets, act as an affiliate, and invest in Metaverse companies or digital lands. Believe it or not, you can even find work in Metaverse right now.
For those who are unfamiliar with Metaverse, it is a virtual environment or reality in which users can interact in a 3D environment with other users. Read my article What Is Metaverse and How Can You Market Your Brand on Metaverse? for more information.
Just as affiliate marketing has evolved from an optional luxury to an absolute necessity for a brand’s survival, so is the Metaverse. The Metaverse, like affiliate marketing, is changing how people spend and earn money, as well as how they interact with the brands and businesses around them.
Create digital worlds
You can make a lot of money if one of the games or worlds you are making in Roblox, Sandbox, or even Everdome succeeds.
If you’re brand new to Roblox, I’d say it’s too late to start creating worlds, but there are plenty of opportunities with Everdome and other Metaverse platforms. Everdome is a Metaverse platform in which users can purchase land and create digital worlds and games.
Create digital assets
You can make money on Metaverse by creating and selling digital assets. You can sell your various designs for characters, buildings, and objects to others who want to create digital worlds.
You can, for example, sell digital items on the Metaverse platform Sandbox. Many people want to buy various items for their property.
Invest in Metaverse businesses
There are several companies in which you can invest to help Metaverse grow. Meta (formerly Facebook), Nvidia, and Unity are a few examples.
By investing in companies like these, you will be able to profit from the upcoming Metaverse profits. Facebook, now known as Meta, is one of the companies that has made the most investments in Metaverse.
Please keep in mind that none of these businesses should be considered recommendations. Past performance is no guarantee of future results. Always make your own research.
Earn by playing
Within Metaverse, you can earn money by playing a variety of games. Alien Worlds, Farming Tales, MicroPets, and StarCrazy are some of the games in which you can earn money by just playing.
You can earn tokens by playing these games, which you can then exchange for real money. Many of the games, however, require you to make an initial investment before you begin earning money. In the game Farming Tales, for example, you must first purchase a garden before you can earn money by cultivating.
Become an affiliate
The Metaverse is already providing ideal marketing and advertising opportunities for companies that are investing in it. Fortnite’s collaboration with Nike is an excellent example. Nike’s Jordan brand collaborated with Fortnite to incorporate its iconic Jordan footwear product drops into the gaming platform. This type of branded integration allows Fortnite players to buy a variety of iconic Jordan sneakers for their in-game avatars, as well as limited-edition skins – downloadable character attire variants – that feature exclusive Nike footwear such as the iconic Air Force 1s.
Similarly, the Metaverse provides brands with limitless opportunities to expand their affiliate marketing programs in the new medium. The Metaverse fosters a culture of immersive user-generated content and experiences. As a result, by collaborating with affiliates who are already present in the Metaverse and are shaping the future of the Metaverse and taking their brands with it, businesses can reach their target audience and promote their products in an entirely new way.
Because Metaverse affiliate marketing is still in its early stages, brands from all industries and niches can create unique Metaverse-friendly branded digital content for affiliates to use and promote. Tech brands are currently an excellent fit for Metaverse because affiliates are looking for affiliate programs from tech companies in Virtual Reality, Augmented Reality, and so on.
Be early on the platforms
You will have the opportunity for big wins if you are early on many of these platforms. To begin, several Metaverse games are P2E (Play to Earn), which means that you can earn tokens by playing the game. As the game progresses, the value of your tokens will undoubtedly rise.
Many Metaverse platforms also have the Refer programs, which allow you to invite others in order to receive a reward.
But one thing is certain: the Metaverse provides the ideal platform for brands to reach out to their target audiences and engage with them in previously unimaginable ways. Brands can expand their affiliate program beyond the current real world and into the emerging interconnected virtual world by becoming early adopters of the Metaverse.