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How To Make Money in the Metaverse: DecentWorld Explains the Virtual Economy

Would you like to work in virtual reality? The metaverse market may be worth $13 trillion by 2030, experts say. It is promised to generate thousands of jobs and open up doors for multiple business development opportunities, however, to those who have yet to dip their toes into virtual reality, it might not be entirely clear what exactly the metaverse entails, let alone how to get involved.

DecentWorld, a Swiss-owned metaverse platform, invites users to enter the virtual market through digital real estate NFT trading, however, according to the creators, that is just one possibility out of many. The metaverse is about to become the next-generation economy, with thousands of new jobs and vast possibilities to generate yield.

NFTs – The Most Valuable Metaverse Asset

The concept of the metaverse entails a real-time, immersive, and – in many cases – interoperable virtual space, where one can do any real-world activities, just virtually. If that is indeed the case, then the possibilities for monetisation are truly limitless.

The creators of DecentWorld suggest that the easiest, and so far the most accessible way of getting involved, is through non-fungible tokens (NFTs)⁠—digital Assets, which are tied to the blockchain, and can be carried across different platforms. 

“NFTs that come with certificates of ownership are arguably the most valuable digital assets. It is through the trading of NFTs that people are already making thousands, and some: millions. This technology is changing the way we understand what assets are, and will play a key role in the metaverse economy,” DecentWorld representatives say.

In DecentWorld, users are able to acquire and trade real-world based Street NFTs, so far there are 18.5 million Streets available on the platform. The Streets are categorized into 4 different levels based on their prestige⁠—the more prominent a street is in the real world, the higher its value in the metaverse.

What is more, users will soon be able to combine Street NFTs into Collections—artsy sets of themed Assets that will not only stand as a separate NFT, but will also generate yield. The more unique the Collection is—the more value it brings.

Business Integrations & Product Plug-Ins

Aside from NFT trading, the metaverse acts as a gateway for companies to enter the virtual market. The creators of DecentWorld confirm that with further technology developments businesses will be able to open up shops, offices, restaurants, and anything else in the virtual realms, allowing them to unlock the full potential of the metaverse.

Based on a survey recently carried out by Unsupervised, more than half of marketers (from 802 respondents) believe it’s important to be involved with web3 for future marketing strategies. That suggests that more than half of the businesses are already planning the ways of entering the virtual market and bringing value to their customers in new, innovative ways. 

Creators of DecentWorld confirm they are also getting ready to welcome businesses aboard:

“The next step in our plans is to open up our APIs for business integrations. Our users will be able to physically walk around, shop, visit galleries, and meet friends. Someone will need to craft all those environments, create the products, maintain the shops⁠—just imagine the scale of workforce that will be required, and the sales that it will generate,” the team says.

Other exciting launches of DecentWorld will include the opening of the immersive 3D layer, Buildings NFT sales, interactive messaging channels, and more. The full opening of APIs is set to take place at the end of this year.

About DecentWorld

DecentWorld is a Swiss metaverse digital real estate platform built on blockchain technology to introduce a next-generation web3 experience. The platform allows members to purchase and trade virtual Street NFTs, which can then be combined into Collections. Completed Collections have additional value as they generate yield that is paid out to the owner. Using state of the art security features, DecentWorld also stands for trust and transparency in the blockchain industry.

To fully explore our metaverse, please visit www.decentworld.com.

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This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed to be financial legal or tax advice. Trading Forex, cryptocurrencies, and CFDs poses a considerable risk of loss

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