Generative Data Intelligence

How People are Making Money in Metaverse?

Date:

The FUTURE is here!

Sahil Wassan
Source: IMAGE ( text edited by me)

If you are unfamiliar with Metaverse, click here before you proceed. ↓

Mark Zuckerberg is betting company’s future on Metaverse. The future is here people and this is going to revolutionize 2022!

Source: IMAGE

In-game Assets

Earlier, developers were able to enjoy the in-game transactions such as when players buy new items in a game, they had the authority to make you own them. But with the introduction of the ‘play-to-earn’ model, players who own such digital assets now have the authority to do anything with them. Put them at stake and even sell them at other marketplaces. Several play-to-earn games utilize blockchain technology, as items can be earned through crypto tokens, non-fungible tokens (NFTs), and staking. You will often be rewarded for your time by receiving one of these digital assets.

The game world of Axie Infinity allows you to earn tokens called SLPs(Smooth that you can trade for fiat or stablecoins on exchanges.[reference]

Screenshot showing Price of SLP on the market.

Axie Infinity requires you to have a MetaMask wallet. MetaMask helps you in storing these Ethereum-based tokens. To earn money in Axie Infinity, you need to create a MetaMask wallet and connect it with the Ronin wallet. Ronin allows users to play such blockchain games. It makes managing your digital identity simple and your in-game assets are fully owned and protected by it.

Virtual Real Estate

Looking to invest in REAL real estate? You’ve got another thing coming. How far can it go? Well, recently a virtual plot was sold for a whopping $1.3 million! Just like Axie Infinity, there’s another game called Decentraland.

Source: IMAGE

With your avatar, you can build, explore and trade in the world created by the community members. You can explore other people’s properties, buy the available plots in the game and sell them on the marketplace.

The SANDBOX

Just like Decentraland, Sandbox allows you to buy and sell plots and the assets you own in the Sandbox Metaverse. Build, Buy and Sell.

Source: IMAGE

It’s like your shadow has become an avatar. :*

Source: https://medium.com/new-writers-welcome/how-people-are-making-money-in-metaverse-ac90ef8f7951?source=rss——cryptocurrency-5

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