Welcome to Meta Money with NMG!
My name is Justin and this is Bryan.
And the mission statement behind what we do
is to help show you how to turn your passion into profit.
And right now, the internet is ripe with ways to create wealth.
From emerging financial markets like crypto assets
to the hottest new NFT trends,
opportunities are everywhere!
And not to mention the most recent buzzword
that's got everyone scrambling to figure it all out---
metaverse.
Justin and I are very excited to bring you along on our journey into the newest
and hottest way to make money.
In this video, we break down what we think is the metaverse
and the ways you can make money with it right now.
What is the metaverse?
Everyone has their own idea of what the metaverse looks like,
but no one really knows who will come out as a top player in the space.
Well, in our non-techie opinion,
the metaverse is an online 3D version of an alternate reality
using a combination of augmented and virtual realities
as well as video to create a live environment in a digital universe
that you can access through your computer or even a headset.
However, the real question we came here to answer is,
how the heck can you make money with the metaverse?
Well, Bryan, that is the trillion-dollar question.
But before we get into that,
I think it'd be fun for us to both give what our take on
what the metaverse will look like in our opinion.
So with that being said, Bryan,
to you, what's the metaverse?
So, I guess the metaverse to me is basically anything that your mind can imagine.
You can put yourself there digitally.
And whether that's spending time with friends and family,
having your own customizable avatar,
and also I love video games,
so NFTs, collectibles,
being able to own your assets in a digital world is super cool to me.
So that's kind of what I think about the metaverse.
But what about you, Justin?
Absolutely. Well, thank you for asking.
To me, the metaverse is the ability to escape your reality,
and for a myriad of reasons.
Everybody has their own, I'm sure.
But if you ever saw the movie or read the book Ready Player One,
to me, that is a true metaverse, right?
When you can be anything,
you can be anybody,
you can do anything,
you can escape where you are in your life to go there,
and I know that you say a lot about the gaming,
to me, gaming is not a big factor of my life,
but if you take an example of, say, schooling, for example,
say, you live in a low income area,
you could get into the metaverse,
and you can go to a school in the most prestigious school district in the world,
in the country, wherever it happens to be.
I think a lot of that stuff is really cool,
but why I'm here and what I'm focused on the metaverse is money.
And when you're thinking about money,
I'm thinking about land.
Buying land in the metaverse is going to prove to be one of the most important
and possibly financially rewarding step that you're going to take in this entire journey.
Prices are rising quickly,
so you don't want to sleep on it.
For example, SAND for Sandbox rose more than 260% in November.
It's still climbing,
which also is going to relate to the direct cost of the virtual land.
There are several companies out there building a metaverse,
and here's where we bought land for future use and development.
Keep in mind, right now, we are just going over these platforms.
In the weeks ahead,
we will collaborate with others in the space to break down these platforms
on a more granular level.
But here they are.
We got Decentraland,
Sandbox,
Axie Infinity,
Illuvium and Roblox.
But it is good to note that not only can you buy land or build and watch it appreciate,
but you can buy the land to rent it out
or develop your land and lease it out or advertise to platforms or other people
that want to set up a business.
Virtual worlds can mimic any activity from the real world.
And the possibilities for users to interact with each other are virtually endless.
Now, that includes interacting with companies,
their brands and products.
In-game advertising is already a multi-billion-dollar industry.
And these online environments are huge social spaces for the younger generation.
This is where they meet, socialize, collaborate and hang out!
Absolutely.
And the number of users in the metaverse?
It is growing rapidly.
Now, it's easy to understand and assume
that the virtual worlds and their new social spaces
are going to become massive advertising channels over time.
Moving on to another way to make money with the metaverse
is to actually invest in companies that are building and having native token.
For example, we have SAND for Sandbox,
we have AXS for Axie Infinity,
and we have MANA for Decentraland.
That's a great point, Bryan.
Not only can you invest in companies that are building,
but you can invest in the industry as a whole.
For those who prefer the traditional investing route,
stocks of metaverse-focused companies are a great option.
Tech, gaming, e-commerce and social media giants
like Microsoft, Nvidia, Amazon, Disney, Unity
and the recently rebranded Meta from Facebook
revealed their interest in developing in their own metaverse.
And all of these companies are publicly listed on stock exchanges.
Now, stocks are great and all,
but the majority of the metaverses are built on Ethereum.
The hype around them is reflected in the massive price rise of ETH,
the native crypto asset of the underlying Ethereum blockchain.
Absolutely.
And the landscape is always changing.
However, as competing blockchains enable their own smart contracts with NFT functionalities,
Solana, for example, witnessed almost a vertical growth in recent months
due to the NFT craze and attention from institutional investors,
blockchain protocols that aim to solve scalability issues
and offer lower network fees than Ethereum
have solid fundamentals to grow in terms of NFT-driven demand.
That actually brings us to the next way to make meta money.
Invest in NFTs.
They are collectibles,
and, in that regard, speculative assets.
Because of the tech features,
NFTs are unique pieces of digital data,
which makes them scarce and valuable!
Scarce.
I get that.
But I also don't know a whole lot of bottom because I'm just getting into NFTs.
However, I do wish that I wouldn't not have slept on the Bored Ape Club or the Mutant Apes.
- But it is what it is. - Yeah.
We--
that's where we are.
Anyway, the last thing that we're going to talk about about making money in the metaverse
is play-to-earn with gaming.
I love this aspect of frickin' metaverse!
Alright.
Blockchain-based games and NFTs enable a new revolutionary play-to-earn gaming model.
The principle here is simple.
Gamers have ownership and control over their in-game assets
and full ability to trade or exchange them for real world money!
Gaming economics like Axie Infinity are the perfect example of how the metaverse
can change someone's life.
Now, during the pandemic,
thousands of players stormed into the game.
They grew their digital pets, or their Axies,
and then traded them online,
making more money than they did with their real-life job!
Axie Infinity's price skyrocketed more than 2,100% in a two-month span.
Okay. There it is!
In our opinion, the top five ways you can make money right now with the metaverse,
as we're calling it,
making meta money.
Absolutely.
Alright. Well, that's all we got time for today.
Make sure you tune in next Saturday as we keep digging into the metaverse.
So, have yourself a great weekend.
Get outside and get some fresh air.
See you guys soon.