How to invest in the metaverse through NFT?
We mentioned before that the metaverse is a virtual space, parallel to the real world, in which we can “live”; just as we can buy clothes for our avatar and a house to live in, it is possible to make investments in it.
The metaverse is a environment not regulated by governments, therefore, it is possible to use cryptocurrencies and current currency, depending on the available supply. Today a credit card is used to purchase within video games, for example.
In the metaverse it is possible to buy using also cryptocurrencies according to the available offer: BitCoin, Ethereum, Solana, Binance Coin, Polygon, Avalanche Token and Kitti Inu and others to be developed.
In order to buy in a metaverse you need to have previously purchased cryptocurrencies deposited in a wallet designed for this purpose, and it is a separate process that is done outside the virtual environment.
The regulated and unregulated in cryptocurrency investments
All governments regulate the use of currency so that investment risk is minimized and all transactions are monitored and approved, especially to avoid money laundering and massive bankruptcies.
A short time ago, countries considered that ForEx operations should be prohibited or strongly restricted, because they were done outside the controlled system and now that the system knows how it works, it is no longer considered a risk.
The same is happening with cryptocurrencies.
Until recently, they were avoided officially and attempts to invest in them were considered part of the Dark Web or Deep Web. But their success has been such that many governments have arranged “sandboxes” with banks to practice and adopt them.
Types of investments in the Metaverse
Products and Services
These are products and services that can be purchased within the metaverse.
There we find cryptocurrencies, NFT (fashion, accessories, art) and digital properties such as houses, cars or boats.
All can be purchased through cryptocurrencies (which are acquired outside the metaverse with traditional currency) and once registered in our name can be enjoyed, exchanged or resold.
Properties
Like real-world real estate, there is a risk in investing: buy high or be forced to sell low.
Also in the real world, money is lost when buying works of art that did not appreciate in value or houses that were left in the middle of slums.
Everyone is aware of what is going on in the metaverse, so it’s time to buy them, enjoy “living” in them through our avatar and then sell them at a better price.
Currency for transactions
Just as it happens in stock markets around the real world, when buying cryptocurrencies it is possible to buy at a good price and the next day it plummets and you lose money.
In both worlds it is necessary to monitor investments on a daily basis and to act consistently according to the signals given by the market.
Art and NFT
When buying an NFT ( which can be artwork, individual songs or an entire album), we can find ourselves with the surprise of buying with about $200 a digital work and a few weeks later, sell it for $2,000.
In March 2021 alone, 509,000 NFTs were sold.
Every day we find more and more digital artists, whose works can be collected to be sold later when their work is valued.
Some of them are FEWoCIOUS (18 years old) who has sold 3,103 pieces at $5,812 each or Jose Delbo (87 years old), which tells us that there is no start and no limit among artists.
Mad Dog Jones has sold 1,567 pieces at $9,063 each and the most famous is the 43-minute video of a hand-painted urban scene for $388,888.
Beeple, Mike Winkleman, Pak, Slimesunday or Trevor Jones are other examples of these artists.
Miscellaneous items
Among the well-known brands in the metaverse are Dava, Gucci, Burberry, Louis Vuitton, Krigler and JACOB AND CO.
Brands can easily prove their ownership, can register any type of NFT garment, have great market exposure, easily connect with their investors and have no limit on the auction price of their items.
Unlike the real world, we can buy clothes for our avatar, with recognized brands that already sell there, make our avatar wear them and then resell them for the same price or even higher, because they only had virtual use.
It is understood then that investments within the metaverse work just like those in the real world and also bring the benefits of investment and the advantages of digitalization to approach new markets.
If you want to start working in the Metaverse with your business, do not hesitate to contact us.
