With all the buzz surrounding the metaverse you may be wondering how to stake your claim, but you don’t know where to begin. One way is that you can start by investing in companies that have metaverse ties, purchasing virtual real estate, and developing an income stream from the metaverse. The possibilities are endless.
Here are some tips:
Investing in companies with metaverse ties
Investing in companies with metaverse ties could provide you with secondary streams of revenue from fees charged to content creators and users. You could also be on the front line of the growing market for metaverse hardware and work apps. Facebook is a safe bet when it comes to metaverse growth, thanks to its strong profitability and cash flow generation. This may be a good time to buy into the company if you’re looking to stake your claim to the metaverse.
The idea of a massive 3D world fueled by virtual reality technology is so compelling that investors have been flocking to it. In fact, several major mainstream companies have already made investments in the metaverse, including Microsoft. Microsoft’s latest acquisition, Activision Blizzard, will give it a strong foothold in the virtual world. If you’re interested in staking your claim to the metaverse, investing in companies with metaverse ties is a great way to make money.
The metaverse is a potential new venue for content creators to tap into new audiences. This is especially true for younger generations, who are predicted to be more interested in video games and virtual experiences than TV and movies. As a result, they’ll be much more engaged in content created for this new environment. A growing audience of younger consumers can be a lucrative target for companies that are already building a portfolio of companies to leverage the shift to the virtual world.
You can find out more about the right companies to invest in in our following article: Should You Buy These Top 3 Metaverse Stocks?
Buying virtual real estate
To buy virtual real estate in the metaverse, you’ll need to use a digital currency such as Ethereum. You’ll also need a wallet that supports storage and metaverse transactions. While the price of metaverse real estate is still booming, the market is still nascent.
To buy property in the metaverse, you’ll need a wallet capable of storing tokens, which you can get from official reputable websites.
Axie Infinity sold nine land parcels in November 2021 for a total of $1.5 billion. Some land parcels in the metaverse can be used for game wars, cultural events, carnivals, virtual concerts, and digital fashion shows. Some metaverse companies are even thinking about selling virtual clothing.
If you’re looking to buy a plot in the metaverse, consider how you can make the most out of it.
Buying virtual real estate in the metaverse can take some time to sell. A recent blind poll found that only 13 percent of technology specialists were buying virtual real estate. As the technology scene develops, this asset class could become a valuable asset class for investors. It may be crucial in the future for portfolio diversification. However, before you invest in this new asset class, make sure to learn about its value and its market potential.
Creating an income stream in the metaverse
One way to create a successful income stream is to sell real estate in the metaverse. In virtual worlds, you can rent your parcel to creators, brands, and communities. You can also sell virtual goods and advertise in these communities. But this will require some skill and a little bit of creativity. In the meantime, you can focus on building your income stream in your current business. By following the steps outlined below, you’ll be well on your way to creating an income stream in the metaverse.
Again, one way to create an income stream in the virtual world is to buy metaverse real estate and rent it out. Many users of virtual worlds, such as Decentraland, have successfully rented out their properties. You can build a virtual mall, hotel, or casino, and charge admission fees. Or, you can sell advertising space on your virtual properties. Once you’ve mastered the art of real estate, you could have a profitable business stream.
Not sure how to do it yourself? There are myriad companies that can help define and refine a metaverse investment strategy that’s right for you.
Jay Speakman is a technology writer based in San Francisco, California. He writes on the topics of blockchain, cryptocurrency, DeFi and other disruptive technologies. Clients include Avalanche, Be[in]Crypto, Trust Machines and several blogs devoted to blockchain gaming. He will not rest until fiat currency is defeated.
