Crypto strategists from the popular crypto channel BitBoy Crypto are trying to monetize the metaverse (an online 3D version of an alternate reality that uses a combination of augmented and virtual realities as well as video to create a live environment in a digital universe that players can access via their computer or even a headset). He shared trillion-dollar techniques with his subscribers.
Buying Land
According to traders, purchasing land in the metaverse will be one of the most important and possibly the most financially rewarding steps users will take in this entire journey.
“Prices are rising fast, so you don’t want to miss out on the opportunities here.”
For example, Sandbox’s local presence SAND increased by more than 260 in November alone and continues to climb, which directly affects the cost of virtual land. Crypto strategists also share with their followers that there are several companies working to build a metaverse.
Developing the Lands
Trader users not only buy, build and remotely monitor land; they also say they can rent the land, develop their land or buy their land to advertise to platforms and other people who want to start a business.
“Virtual worlds can mimic any real-world activity. And the possibilities for users to interact with each other are almost endless. Now that includes interacting with companies, their brands, and their products. In-game advertising is already a multi-billion dollar industry.”
Investing in Stocks of Metaverse Focused Companies
According to Trader, another way to profit with the metaverse is to invest directly in companies that develop and own local tokens. For example, Sandbox has SAND, Axie Infinity has AXS, and Decentraland has MANA.
Also, the strategist says he can invest not only in token building companies, but also the entire industry as a whole.
“For those who prefer the traditional investment route, stocks of companies focused on the metaverse are a great option. Technology, gaming, e-commerce and social media giants such as Microsoft, Nvidia, Amazon, Disney, Unity, and the recently rebranded Meta from Facebook have demonstrated their interest in developing their own metaverse. And all of these companies are publicly traded on stock exchanges.”
Investing in NFTs
Investing in NFTs is another option to monetize the metaverse, as their unique digital data makes them scarce and valuable, and their value will continually increase over time.
“NFT technology is gaining traction in the art world. However, this is only a small step. It’s only a matter of time before they’re used for ticketing, property titles, and possibly even financial security ownership in the future.”
Play2Earn (Play-Win) Games
Last on the list of traders is a model where users play a game and earn rewards and even money in the game while doing so. Play2Earn (Play-win) is located.
“The principle here is simple. Players have full ownership and control of their in-game assets and full authority to trade or exchange them for real world money.”
Strategists cite the game economy of Axie Infinity as an excellent example of how the play-to-win sector of the metaverse can change someone’s life.
“Now, during the pandemic, tens of thousands of players have entered the game. These players raised their digital pets, also known as Axies, and then made more money from their day-to-day business by selling them online.”
*Not investment advice!
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.