What is Metaverse exactly?

Metaverse, in simple words, we can say is the future of the internet or web 3.0. It’s a shift in how we will be communicating over the internet. It’s hard to tell what exactly the Metaverse will look like. It’s like having a discussion back in the 80’s about how the internet will look like. Everyone had some ideas about what the internet will look like, but not every idea was true.

Web 2.0 gave us social media, blogs, sharing platforms, and trading platforms. It gave rise to online communities. A large part of Web 2.0 is user-generated content.

VR(Virtual reality) and AR(Augmented reality) are two advanced technology that is going to be part of the Metaverse. Add to that blockchain technology. In simple words, we can say that Metaverse will be a combination of Web 3.0, AR,VR, Blockchain and Cryptocurrencies.

There are many decentralized projects like Decentraland, Sandbox, etc that are very promising. You can buy virtual land in these projects. Many people are already doing that. You will be even able to earn money from the plot of land you own.

With the advent of Metaverse, a new digital economy will flourish. Just like with the internet, it’s possible to start your own online business. You can own a website and earn money from it, do freelance work, create videos, and do affiliate marketing, things that were impossible before the internet. Metaverse will give birth to a whole new economy and newer jobs just like the internet did back in the day.

Firstly, a lot of people are going to make a lot of money in the metaverse. One way to earn from the metaverse is to invest in it. There are different ways you can invest your money in the metaverse. Firstly you can buy the stocks of the companies developing the metaverse. Or else you can even invest in decentralized projects such as Decentraland, Sandbox, or Axie Infinity.

But the most important one is making money by being inside the metaverse or being part of the metaverse

Creating NFT’s

In the Metaverse, there are going to be a lot of NFT’s. Some of those NFT’s could be created by individuals inside the metaverse and sell it to other players. People will be able to create businesses solely on creating and selling NFT’s.

Creating Avatars: Right now, even though most avatars are used as Twitter profiles or things like that, in the future avatars will be created for the 3D world
Wearables
Items
art
Someone could make a business out of selling NFT’s inside the metaverse

Freelancers

Freelancing is already huge inside Web 2.0. People do offer freelancing services in various fields such as Programming, Graphic Designing, Animation, Digital Marketing, SEO, SEM, Translation, Blogging, and many others. It is only going to get bigger with the advent of Web 3.0 or Metaverse. Here are some skills which will be in high demand, specifically with the arrival of Web 3.0.

Artists( 2D and 3D Artists)
Developers( or Programmers)
Game Designers: There will be people who will create games inside the Metaverse. For developing these games, one would need Game Designers.
Land Designers: They will design whatever the Landowners want to build in the plot.
Performers: Metaverse will change the way performers such as musicians and actors communicate with their fans. There will be virtual events

Land

There are a variety of different ways to earn from the land itself

Land Flippers: These are people who will buy a plot of land and then sell it to someone at a higher price and then keep the profit.

Renting: This one is for people who own a plot or multiple plots of land. They will be able to rent these plots of lands to builders and creators

Land Brokers: These are similar to what real estate agents are in real life. These Land Brokers will connect buyers and sellers and will take a cut when the transaction happens.

Land manager: Some rich people will own multiple pieces of Land inside the Metaverse. They might keep someone to look after their land and to check if there are any issues with those pieces of land.

Games : There will be games inside the metaverse. You can create a game or an unique experience in your land and charge people for the game or experience.

Events: A lot of virtual events are going to be held inside the metaverse. You also can organize some events on your land and charge money to enter.

Business: You will be able to create a business on these virtual lands. For example, an NFT shop or an item shop.

Company Positions

This is similar to Freelancing, but some companies will keep full-time employees

i) Community Managers and moderators

Communities are the backbone of every NFT, blockchain project. To manage these communities, these projects will require community managers. A community manager needs to attract people and build the community, also helping members of the community if they face any problems and doing moderation in case there is any form of harassment or trolling.

ii) Social Media Managers: Social media isn’t going anywhere even if it’s from web 2.0. Every new Metaverse project will have social media accounts. So they will need Social media Managers to look after their social media profiles and create content.

iii) Graphic Designers

iv) Developer

v) Advisor

Play to earn

This is something new. Something that we have not seen before even with web 2.0. We have always played online games. But now we can earn money by playing games. Games are being developed that have their own currency and an in-game economy. Some examples of such games are Axie infinity, Townstar, Thetan Arena, etc. Check out this list here. I will write in detail about such games in near future.

Tour Guides

No one knows how big Metaverse will get. We will probably need Virtual Tour Guides to explore and navigate through different virtual worlds. So Metaverse tour guide could become one promising career.

So get ready. If you are someone who is looking for an income, Metaverse might provide you with some.