Thursday, December 2

Jobs in the Metaverse: How to Make Money in Parallel Realities

Blockchain technology allows the connection between the real world economy and metaverses, making it possible for these parallel realities to be the main source of income for many people. For now, the fundamental tool to get a job in the metaverse is the blockchain games “play-to-earn” (play to win). Most of these games use NFTs to create real digital economies within the game itself. Other metaverses, such as Decentraland or The Sandbox, replicate aspects of real life in them. For example, many users earn income by speculating on digital lands.

Jobs in the Metaverse to earn money

When we talk about jobs in the Metaverse, do not think that the exact same jobs in real life are replicated. That is, no metaverse is yet so developed as to need the professional services of plumbers or taxi drivers in parallel realities, despite not being discarded in the future. Of course, a taxi driver’s car can be a good advertising medium. For now, the vast majority of people who earn salaries in metaverses is through video games.

What is the metaverse blockchain, the new internet where companies want to be

Do not forget that the video game industry is growing by leaps and bounds around the world. In Spain, it was one of the few industries that grew 18% during the pandemic, with a turnover of 1,747 million euros last year. According data of the Spanish Video Game Association (AEVI), the video game sector generates more than 9,000 direct jobs and more than 23,000 indirect jobs, in addition to a direct impact on the economy of € 3,577 million.

Some examples: Axie Infinity

An example of this is the popular video game Axie Infinity. A digital game based on NFTs hosted on the Ethereum blockchain that is already being used by many families as a supplement to their salaries. The key to Axie Infinity is that it enables gamers to create real, self-sustaining digital economies within the game itself.

The income that this digital game facilitates can be much higher than the minimum wages received by the family nucleus in some countries. For this reason, Axie Infinity has stopped being a simple game to become a way of life for many people. In the Philippine community of Cabanatuan, several families have decided to spend a large part of their time playing in Axie. The documentary Play-to-Earn NFT Gaming in the Philippines tells how the inhabitants of this rural community have turned blockchain gaming into their main source of income. In Axie Infinity, a player can earn up to $ 400 a month, an amount that is almost double the minimum wage in the country.

How to play Axie Infinity for free with scholarships and earn money?

In other countries, like Venezuela, the winnings that can be obtained playing with Axie exceed 100 times the minimum wage. Therefore, many families are only dedicated to playing this game. A good example of the money that moves in Axie Infinity is that Katana, the exchange that launched just a week ago, already exceeds 1.7 billion dollars in trading volume.

CryptoMines y Alien Worlds

Axie Infinity isn’t the only game that lets you make money on metaverses. The CryptoMines video game replicates the galaxy in its metaverse. In this video game, the goal is to collect workers and spaceships to navigate through the metaverse in search of ETERNAL, the game’s cryptocurrency. A cryptocurrency that can be immediately exchanged for real money.

The list of the 5 blockchain games «play to earn» favorites of the public

Alien Worlds is another video game with similar mechanics. One can step into the shoes of a space explorer equipped with mining tools, to explore planets and extract Trillium (TLM), the in-game cryptocurrency. Each planet within this metaverse is a Decentralized Autonomous Organization (DAO) that receives Trilium from the central planet’s smart contracts. Farmers World is another example. It is a farming game inspired by the famous Facebook game Happyfarms, where players can grow plants, cut firewood, fish or raise cattle to get money.

Speculate with land

On the side of the metaverses themselves, such as Decentraland and The Sandbox, it can be said that every day they attract more investors. In Decentraland, instead of web domains one can buy virtual lands, but the idea is the same: buy a virtual space that allows you to develop any activity that one can imagine. Many investors see in Decentraland the possibilities that the internet had in its early days. In this type of metaverses, users can monetize their talents, buy land, art, music, or trade in different objects.

What is it and how is it to enter the Decentraland metaverse for the first time?

Today, Decentraland’s main street spaces are all bought and many large companies are already looking at the possibilities they offer. Shotebys, the oldest auction house in the world, opened a digital replica of its gallery in London, enabling the possibility of auctioning the products within this alternative world. Multinationals such as Coca-Cola have also made their first steps in Decentraland.

But the ways to make money on these metaverses go further. Nowadays, virtual architects, designers and workers are needed to build the metaverse buildings, but also virtual costume designers for our avatars.

Image of the Blockchain Observatory newspaper on the third floor of the Vicox building in the Decentraland metaverse

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