Earn with Metaverse and NFT? A Complete Guide for Newbies

Do you remember the VR world of “Ready Player One”? In fact, you are already experiencing a “simplified version of the Metaverse.” Paying 60 yen for LINE video stickers to use Kumadai GIFs in a family group is essentially the same as buying virtual land in Decentraland.

What is the only difference?

While you are purchasing “server usage rights from a game company,” NFT players are acquiring “true digital assets that can be brought to any platform.”

What is the Metaverse? In short, it is the “fourth computing revolution”

A concept that originated from the 1992 science fiction novel “Snow Crash”; a virtual space parallel to reality. Here, you can work, play, shop, and socialize.

Investor Matthew Ball says: “The Metaverse is the fourth computing revolution following mainframes → personal computers → smartphones”

It is because of blockchain and NFT technology that this system exists.

Does a Metaverse without NFTs exist? → NO

Without NFTs (Non-Fungible Tokens):

• You cannot resell game items → the value dies
• The clothes I designed are only for myself → It doesn't become a business.
• The house built suddenly gets deleted → Assets zero

Difference between traditional digital assets and NFT assets:

Metaverse × 加Cryptocurrency = 一蓮托生

In the bullish market of 2021, Decentraland and The Sandbox experienced an explosive boom.

Looking at the numbers:

• MANA Token: 4,100% annual increase (surpassing BTC)
• The Sandbox virtual land: $1,000 → $45,000 surge (surpassing real estate in Taipei)

However, as the market cools down, the floor price continues to update to new lows one after another. Many small projects are seeing zero transactions…

Beginner's Guide: NFT Purchase Flow

Step 1: Create Wallet

MetaMask (Little Fox) is standard. Connect to OpenSea to get started (account creation is free).

Step 2: Purchase ETH

Buy ETH (Ethereum) on exchanges like OKX and Binance, and deposit it into your wallet.

Step 3: NFT Selection & Purchase

Choose a project on OpenSea and purchase it. When the market is high, there is also a possibility to buy at a lower price through “auction.”

Step 4: Sale

Select an NFT from your profile, set a price, or wait for an “offer.” Sales will be received in cryptocurrency.

Three “No-Gos” for Metaverse Investment

• Never leak your private key (just like a bank password)
• Do not use the same password across all platforms
• The airdrop of the “Guaranteed Profit” NFT is a scam

Three Points Investors Should Be Careful About

1. Lack of liquidity is a reality

The NFT market is still small. There is a risk of “salted” assets that cannot be sold. Let's start with a small amount of capital.

2. Scam projects are rampant

Air projects that only call themselves “Metaverse” will plummet when the market declines. Avoid them if they have zero recognition.

3. Comparison with Other Investments

Future Vision of the Metaverse

Reasons for Long-term Optimism:

Major players such as Meta (formerly Facebook), Microsoft, and Google are investing. The evolution of VR and AI technology is increasing the significance of the virtual economy. New business models are expected to serve as a bridge connecting reality and the virtual world.

If legal systems are improved, entry barriers will decrease, and the risk of fraud will also diminish. There is a high possibility that this will become a new lifestyle in the 100-year life era.

Frequently Asked Questions

Q: Is the Metaverse & NFT a scam?

A: If it's a well-known mainstream project, it has proper applications. It's not necessarily a complete scam.

Q: Is the investment risk high?

A: Since there is no leverage, as long as liquidity does not dry up, there is freedom to move. In short, it depends on trading discipline.