VIRTUAL LAND, REAL BUCKS
How to make money with metaverse real estate
Money makes the metaverse go round. And there’s big money being made in virtual real estate, with plots of land in some metaverses appreciating in value by as much as 500%, as mentioned earlier. For some digital assets have become an investment like stocks or bonds, for others a way of having another stream of passive income. Either by buying, renting or simply managing metaverse real estate, here are some of the biggest trends we’ve seen so far:
Real estate flipping: Purchasing plots of virtual land or digital properties and re-selling them for a higher price, pocketing the difference.
Real estate brokering: With so much real estate business to be made, the need for virtual real estate companies has only become greater. Users can earn generous commissions by connecting buyers with sellers, or simply giving out advice as a real estate broker.
Renting: Much like in real-life, people are buying plots of land, building houses and other types of infrastructures, and renting them out. Becoming a virtual landlord is an emerging trend that is slowly catching on in virtual worlds.
Advertising: The hottest properties or plots or land are becoming highly sought-after for advertising purposes, especially if they are of high visibility to other users (generally located in high traffic areas).
Real estate management: Another great way of monetizing expertise in virtual worlds is to manage other user’s properties, including overseeing how virtual venues like concert halls and pieces of land are being best used.
Real estate designing: Conceptualizing and bringing to live plots of land and metaverse buildings can be a very lucrative business. Whether it’s a private property, a shopping mall or a stadium, the need for specialized 3D designers will soon become one of the most in-demand jobs in virtual worlds.
Hosting experiences: Some metaverses like Sandbox allow users to develop and host experiences like mini-games, educational activities, museums, galleries, etc. These can easily be developed using the platform’s own software (known as Game Maker) and added to the metaverse by the creator.
