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How to Make Money in the Metaverse
As the number of people who are interested in the Metaverse continues to grow, it is important to consider how to make money in the virtual world. The concept of a metaverse is a world that is accessible via desktop computers, mobile phones, gaming consoles, virtual reality glasses, wristbands, and headsets. The Metaverse will enable millions of users to create content, work, and play. Already, several companies have started operating in this virtual world. For example, Decentraland has recently sold a plot of digital land for $2.43 million, and Epic Games has announced plans to raise $1 billion in a funding round.
Other companies have also made substantial investments in the Metaverse. Facebook has invested $50 million into the company. In April, Epic raised $1 billion in a strategic investment from Sony Group Corporation, and the Sandbox recently received a $93 million Series B funding round from SoftBank. While some investors are waiting to see how the technology plays out, others are betting big on it and investing heavily in metaverse companies. In fact, Facebook recently invested $50 million in Metaverse.
The Metaverse was first introduced by Neal Stephenson in his 1992 novel “Snow Crash,” which became a film in 2018. Since then, the concept has gained considerable attention in the technology industry. The term originates from Neal Stephenson’s science fiction novel “Snow Crash.” The word itself is a portmanteau of the words meta and verse. While the metaverse may not be a physical world, it does provide an ideal setting for social interaction and virtual experiences.