The metaverse is a new frontier for earning passive income

  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 59 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 27%
  • Publisher: 51%

United States Headlines News

United States Latest News,United States Headlines

If you are looking to earn some cash while sitting on your couch, you might want to explore options in the Metaverse.

Given the potential size, earning passive income in the space could be a great opportunity. Taking advantage of passive income opportunities can be easy for those already deep into the metaverse, but how long each opportunity will allow entrepreneurs to earn isn’t clear.One of the most well-known ways of earning passive income in the metaverse is by owning property in it and renting it out. Metaverse platforms like Decentraland and The Sandbox let users rent land for a fee to others.

One well-known example of NFTs being leased to other users to earn passive income comes from the popular game Axie Infinity. The game is based on NFTs called on Axies that were, at one point, rather expensive as the game’s popularity exploded during the bull market. John Burris, chief of strategy at metaverse app IMVU, told Cointelegraph that the metaverse is “filled with opportunities to earn,” stating that while some metaverse worlds are play-to-earn and others “host gig-like economies,” almost all of them offer item creation and sales:

Other games, however, aren’t related to gambling at all. Some generate revenue through asset sales, secondary market royalties or donations. Roderik van der Graff, the founder of global investment firm Lemniscap, told Cointelegraph that one of the firm’s portfolio companies has launched a tower defense game to generate revenue through the metaverse.

“It’s important users and creators looking to create income in the metaverse examine the platforms and metaverses they use, and look at the product as a whole. Is the team experienced? Is the metaverse active? Can it sustain itself through economic downturns?”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Passive, or maybe negative, income

MultiversX 💯🚀

If you successfully do steps 1 and 2, OKX will airdrop you the world cup NFT and you will qualify to enter to win from their million-dollar prize pool 如果您成功完成第 1 步和第 2 步,OKX 将向您空投世界杯 NFT,您将有资格从他们的百万美元奖池中获胜 Floki

As economic activity in the metaverse rises, new passive income opportunities are seemingly being created on a regular basis, as are opportunities to actively earn income.

FLOKI VALHALA will be launching soon.. and beta battle arena already live ⚔️

If you successfully do steps 1 and 2, OKX will airdrop you the world cup NFT and you will qualify to enter to win from their million-dollar prize pool 如果您成功完成第 1 步和第 2 步,OKX 将向您空投世界杯 NFT,您将有资格从他们的百万美元奖池中获胜 Floki

If you successfully do steps 1 and 2, OKX will airdrop you the world cup NFT and you will qualify to enter to win from their million-dollar prize pool 如果您成功完成第 1 步和第 2 步,OKX 将向您空投世界杯 NFT,您将有资格从他们的百万美元奖池中获胜 Floki

Ethereum is not the metaverse

Floki

Valhalla is coming! Floki RealFlokiInu Valhalla

$FLOKI's metaverse Valhalla will be huge. Set in Vikings era filled with pokemon-like creature we call Vera to capture and battle.

Go FLOKI 🚀 Go flokifi 🔒 Go Metaverse 🎮Go Valhalla

Yes, Floki’s Valhalla P2E is getting ready for Mainnet launch! Test net is so addictive. Metaverse is the future and so is Valhalla! 🔥🚀🔥🚀🔥🚀🔥⚔️

I would like to know as much as possible about this...

Georg Prime - FUD Killer: We have much healthier distribution vs shib 小 宝贝(๑˙❥˙๑)Beryl (WILL NEVER DM YOU FIRST): The construction of utilities never stops Floki RealFlokiInu

You can earn up to 25% by just keeping your money in the streakk wallet for a little while! How about this option?

NEW!!! Best new event!!!

Bullsssss!!!

Running Up My $ With Dis

honestly unbelievable i just cant put it into words...

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 562. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

CBRE built an office in the metaverse, where nobody will have a deskCould a virtual reality headset one day replace your office? Dallas-based commercial real estate giant CBRE Group doesn’t think so, but the firm is...
Source: dallasnews - 🏆 18. / 71 Read more »

A.R. Rahman, Shekhar Kapur Talk Metaverse, VR and AI Collaboration at Goa FestivalMachines can never replace human creativity and technology should be in mankind’s service were the biggest takeaways from a heavyweight panel looking to the future of content at the Internati…
Source: Variety - 🏆 108. / 63 Read more »

Morehouse College class will teach Black history in the metaverseMorehouse College to guide students through a first-of-its-kind course in which Black history is taught entirely through the metaverse. most 2022 statement Hope they start with who imprisoned people in Africa and sold them. Hint: It wasn’t Europeans. Wow!
Source: NBCNews - 🏆 10. / 86 Read more »

Mother of 3 fatally shot in front of teen son in Calumet Heights drive-by shootingA family is heartbroken after a mother was gunned down in a church's vacant parking lot Friday, right in front of her teenage son, as they were walking home.
Source: ABC7Chicago - 🏆 284. / 63 Read more »

Front Range Vietnamese-American community turns to Asian marketplaces as cultural cornerstonesTo this day, many Vietnamese refugees still struggle with their trauma and, sometimes, with the lifestyles they’re forced into in their host countries.
Source: denverpost - 🏆 13. / 72 Read more »

Police: Shooting damages car and shatters front door of night club in AllentownPolice are trying to figure who started shooting outside a bar in Allentown.
Source: 6abc - 🏆 250. / 63 Read more »