Massively scaled 3D environments: A metaverse is a massive virtual world where users can live, work, and play. It needs to be large enough for all users to exist simultaneously and be able to own their own virtual land. Digital avatars: An avatar is a 3D rendered, digital representation of the user. Each user has a unique avatar that allows them to have an identity within the metaverse as well as interact with other users. Each user can customize the look and style of their avatar. Unlimited users: While most online games separate users into groups of a dozen or so people, a metaverse allows an unlimited number of users to interact with each other in the same digital world. Digital economy: Metaverses also have digital economies where users can purchase digital items, like clothing and skins for their avatar, objects, and virtual land. Most metaverses use cryptocurrency and NFTs as digital assets. Synchronous: All events that happen within a metaverse happen in real-time and can be experienced by all users simultaneously. The events that happen in a metaverse are determined by the users rather than the developers.
Decentraland: Decentraland is one of the most popular metaverses, boasting many celebrity and influencer tenants and high-profile partnerships with famous brands. Because of Decentraland’s popularity, it’s also one of the most expensive metaverses to buy land. Decentraland has a native token called MANA that you can use to purchase land in the metaverse. Check out Decentraland at: https://decentraland. org. The Sandbox: The Sandbox is the second most popular metaverse. Real estate lots in The Sandbox are marked as LAND, which you can purchase using The Sandbox’s native cryptocurrency SAND. In some cases, you can also use Ethereum (ETH) to buy land. Visit The Sandbox at https://www. sandbox. game. Somnium Space: Somnium Space is a newer metaverse. It is one of the few metaverses that is compatible with virtual reality using the Windows VR client. All transactions in Somnium Space are done using Ethereum (ETH) via the OpenSea marketplace. You need a Metamask wallet to sign up. You’ll find Somnium Space at https://somniumspace. com. Upland: Upland is another newer metaverse that is relatively affordable compared to other metaverses. The real estate in Upland is mapped to the real world and each plot of land is associated with a real-life address. Upland has its own native cryptocurrency called UPX and doesn’t ask you for a crypto wallet to sign up. Visit Upland at https://www. upland. me. Cryptovoxels: Cryptovoxels is a free-to-play metaverse based on the Ethereum blockchain. You can explore Cryptovoxels for free without a cryptocurrency wallet or an account. You experience Cryptovoxels in VR just by using the Oculus web browser. Check out Cryptovoxels at https://www. cryptovoxels. com. ERTHA: ERTHA is a simulation metaverse focusing on building a new virtual civilization after a near-apocalyptic event. ERTHA’s world is the size of planet Earth. Each parcel of land in ERTHA is unique with its own resources. ERTHA uses its own native cryptocurrency called ERTHA. Visit ERTHA at https://ertha. io. Second Life: Second Life may be the oldest metaverse, launching in 2003 before most people knew what a metaverse was. Like other metaverses, it is a massive world where users can create avatars, buy land, and build things. But unlike other metaverses, Second Life does not use cryptocurrency, instead using microtransactions and a virtual currency called Linden. Unlike other games, microtransactions in Second Life are a two-way street. You can buy Linden to purchase land that is put up for auction. You can also sell land (or other items) for Linden and then sell your Linden for real-world money. [3] X Research source Check out Second Life at https://secondlife. com.
Sign up for MetaMask at https://metamask. io. Sign up for Coinbase at https://www. coinbase. com.
Advertising space. If you can purchase land in an area that a lot of users traffic, you can use your land to sell ad space.
Watch out for scams! The world of cryptocurrency is largely unregulated and scams are commonplace. It is highly prone to market manipulation, pump and dump schemes, rug pull schemes, romance scams, phishing scams, and more. Be careful who you take investment advise from. Do not trust anyone promising a huge return on investments or an online dating partner asking for money. Be sure to keep your cryptocurrency safe and secure. It is a risky strategy because cryptocurrencies and the metaverse are very volatile. You should always do your research before buying any crypto. You need to research what kind of digital property before you buy it. There are easier or better ways to make money on the metaverse. If you are an artist, you can create an NFT project and sell it in the metaverse. Or create items for the metaverse and sell them as NFTs.
