It’s only been eight months since Mark Zuckerberg announced the inception of the “metaverse,” a convergence of the physical and digital lives connected by virtual and augmented reality. Yet, the technology is already rapidly expanding, with new platforms constantly emerging into the brand new space. Within the metaverse, users can live in an alternate reality where they can buy their condos, socialize with others using their avatars, attend business meetings, and even earn an additional income stream. Here are a few of the top ways users can take advantage of the lucrative potential of the metaverse. Virtual real estate One of the fascinating new ways users can make money in the metaverse is buying NFT land for a fixed price and building on it or renting/selling it for a profit. Users can also rent the land out to developers so they can create buildings, gaming arenas, concert halls, offices, and other venues. Although virtual real estate can come at a high price, leasing a space can sometimes deliver profits similar to real-life real estate. Trade NFTs NFTs and the metaverse are closely connected since they both use blockchain technology, and the metaverse has given NFTs a new use case. As a result, investors have a tremendous opportunity to profit from trading NFTs, and while it’s a relatively new concept, NFT gaming is now also surging in popularity, with recent initiatives like Binance NFT’s Initial Game Offering (IGO) exc...
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