To make money on web3 or Metaverse you have to understand what is web3 click here to learn about web 3.0.
Web3 is changing the modern internet and evolving rapidly. People are simply unable to understand yet what is going to happen in the future and how it will change everything in the coming days.
To be a part of this evolution people are asking too many questions about web3 and Metaverse as:
How to make money on web3?
How to get into Metaverse?
How to invest in web 3.0?
How to invest in Metaverse?
Web 3.0 stocks?
Let’s get the answers to the above-mentioned questions.
There are many investment opportunities on the internet of the future. As technology is evolving rapidly, there is no clear answer that which companies and industries are going to be the winner as web3 unfolds.
However, let’s talk about the three 3 broad categories of investment in web3 that await the enthusiasts looking for opportunities to be a part of it.
- Metaverse
- NFTs (Non-Fungible Tokens)
- Cryptocurrencies
1. Metaverse
Metaverse is a futuristic iteration of the modern internet as a universal Virtual World created by the combination of AR (Augmented Reality), VR (Virtual Reality), and MR (Mixed Reality). It will create an alternative universe that will mirror our own (as claimed).
Related: WHAT IS NFT, HOW TO BUY AND SELL NFTS, TOP 3 NFTS, NFT EXPLAINED?
Gigantic companies are already lining up to take lead as recently social media company changed its name from Facebook to Meta.
How to invest in Metaverse?
There are different options for investment.
1. Buy Virtual Land in Metaverse
As this will be a completely virtual world. So you can buy virtual land in Metaverse for future use. Some companies are selling virtual land in the Metaverse. For example, Sandbox is selling virtual land and you can re-sell and monetize your virtual land. The lowest price of virtual land in the sandbox’s virtual world is about 1.6 ETH. If you are looking to invest it’s not too late.
Celebrities and big companies are also buying virtual lands recently Snoop Dogg and Adidas make a partnership with Sandbox.
2. Buy Metaverse Cryptocurrencies
Don’t worry if you are not interested or you don’t have that much money to buy virtual land. You can also buy crypto coins and tokens from different crypto exchanges like Binance.
3. Purchase Metaverse stocks
Yes, you can also buy shares in Metaverse and it’s the easiest and most secure way to invest in it as it works like the other stocks in the stock market. You can buy stocks of leading Multiverse companies like Meta (formerly Facebook), EA (Electronic Arts), and NVidia (NVDA) but this is not financial advice do your own research (DYOR).
There are other unpopular investment options available like…
4. Invest in Metaverse ETF (Exchange Traded Fund).
5. Prefabricated Buildings Metaverse.
2. NFTs (Non-Fungible Tokens)
A very popular option to invest in 3rd generation internet is Non-Fungible Tokens. This is a very flexible way of investment as one can create, mint, and trade NFTs. To understand the complete process of minting, investing, and trading in NFTs click on the link given below.
3. Cryptocurrencies
An easy way to invest in web3 is through Cryptocurrencies. And it would be a good start as all another web 3.0 investment options also require Cryptocurrencies. Cryptocurrencies in web 3.0 and the virtual world are like money or fiat currencies (USD) in our real world.
Crypto is the backbone of this whole web3 world. Cryptocurrencies support the financial system of the modern internet. All the trading and purchasing processes of virtual land and NFTs required cryptocurrencies. ETH is the most popular Cryptocurrency to buy NFTs and Virtual Land in Multiverse.
Conclusion:
3rd generation web is going to change the whole world. There are many opportunities to invest, get benefits and be a part of this changing world. Investment options are available like Virtual World, Cryptocurrencies, and NFTs. But you should (DYOR) do your own research before investing as some experts believe terms like Multiverse and Web 3.0 are just buzzwords. important points highlighted below.
- Remember Metaverse is just a part of Web 3.0.
- There are about 20,000 Cryptocurrencies and 525 Crypto Exchanges.
- To buy NFTs you should go to the most popular marketplace OpenSea.
- Words like metaverse, megaverse, or multiverse are synonyms and can be used in the same context.
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