How to Make Real Money off the Metaverse Economy

How to Make Real Money From the Metaverse Economy

The metaverse is coming… and we could not be more excited!

If you haven’t heard the news, Walmart has shaken things up. It sent a messenger down to the U.S. Patent and Trademark Office with a slew of applications.

The king of low prices and economic disruption is going digital. It filed to protect its unique ideas for nonfungible token and blockchain technologies.

They’ll be used, the filings say, by members of an online community via a global computer network.

That means the metaverse will look far more like reality than many had hoped.We’re bullish on the idea… very bullish.

 

Economy 2.0

We couldn’t have the modern American economy without Walmart, and the company isn’t going to be missing out on the next iteration of that economy, the metaverse.

Digging into the filings a bit more, we can see what’s really going on…

They paint a promising picture for folks who enjoy making a buck or two on early-stage technology.

In three separate filings, Walmart attorney Holly Lar applied for trademarks on the ideas of “Verse to Curb,” “Verse to Store” and “Verse to Home.”

Walmart has aimed squarely at the metaverse, the digital platform that is coming sooner than most folks think… and many folks want.

All three applications are focused on the same idea: allowing users to shop in the digital world and receive the products they buy in the physical world.If that sounds a lot like the current version of the internet, you’re spot-on.

It is.

But there’s one big difference. The metaverse is not going to look anything like the current version of the web.

 

Promises Fulfilled

 

Instead, it will be much more user-friendly, much more immersive and much more like the physical world. Take it from a Luddite who thinks the world’s gone bonkers… It won’t be as scary as the headlines make it seem.

Walmart, for instance, clearly wants to make online shopping easier and more efficient. Using the technology the company is tiptoeing into, a customer used to Walmart will be able to walk digital aisles, scan the shelves, pick up and read packages, and place items in their cart just like they’ve done for ages.

They might even be able to stop in the middle of the aisle and chat with a real-world neighbor. It’s big money and high stakes. It’s the fruition of what the internet can truly be..

Not only will it create a fresh conduit for online sales, but – and this is the HUGE part – it will create an entirely new digital economy.

It will create an entirely new place for them to spend their money. We’re seeing companies like Nike, Gap and other major brands filing for patent and intellectual property protection similar to Walmart’s.

Now the big boys are piling in. And it’s looking like the next gold rush… and word of the shiny stuff is just starting to make it back home.

Walmart might’ve made waves with its involvement in the metaverse if it had moved earlier, but it’s just the most recent company to enter this space.

There are plenty of other opportunities for you to make money in this budding economy.

Today, I have two ways to play the metaverse…

 

Roblox: A Kid-Friendly Digital Creation

Though Roblox (NYSE: RBLX) was founded in 2004, the gaming platform really catapulted to stardom within the last few years.

It’s now one of the most played games in the world… in competition with the incredibly popular online game Fortnite.

But while Fortnite is a gaming world in itself, Roblox takes it to the next level.

Roblox isn’t just a single game. Its platform consists of more than 50 million user-created games – a universe of nearly endless choices to pick from.

These user-created games aren’t always formatted for users to simply play, beat levels and then win, either.

Roblox hosts entire communities of kids ordering digital pizza, building digital houses and visiting their online friends.

After the global shutdown we experienced in 2020, it seems that’s just what kids needed.

In fact, by the end of 2020, two-thirds of all Americans between the ages of 9 and 12 played Roblox.

And, although Roblox is free to play, the company has been able to use its platform to generate cash.

The main way it does this is through its digital, in-game currency, called Robux, which players buy with real money and can spend for special enhancements in the game.

Roblox also has a subscription service. It costs users $4.99 monthly, and in exchange, the player receives a stipend of 450 Robux in their account each month, as well as access to premium-level games and other perks.

Additionally, the company has a number of advertising deals, licensing agreements and royalties to further boost revenue.

Speaking of revenue… since the game gained popularity in 2018, the company has been steadily increasing its numbers.

 Source: Roblox 

 

2020 was a killer year for the company, as it brought in $924 million in total revenue. By 2022, revenue had more than doubled – to over $2.2 billion. And revenue is only continuing to grow, topping $680.8 million in the second quarter of 2023 alone, a 15% year-over-year increase.

And this metaverse stock isn’t done yet!

Roblox has been establishing its own world for players to completely immerse themselves in since 2004… long before Facebook decided to rebrand to Meta Platforms.

All of the infrastructure is already in place – Roblox has the software, the currency, and a loyal and growing user base.

Plus, users are actively involved in creating an online reality – to the point that the world seems to infinitely build on itself.

That definitely sounds like a metaverse stock to me!

 

Nvidia: The Metaverse’s Bread and Butter

The metaverse promises to be a fully immersive experience.

To achieve this, it will need to tap into the latest cutting-edge technologies – augmented reality, virtual reality, 3D reconstruction, artificial intelligence and the Internet of Things.

And in order for everything to work together seamlessly, systems will need to have near-perfect processing speeds and the ability to run complex equations simultaneously.

That’s where Nvidia (Nasdaq: NVDA) comes in.

Nvidia’s semiconductor chips are known to be the fastest on the market and will prove to be instrumental building blocks for the metaverse.

More specifically, Nvidia is the world’s leading maker of complex computing chips called graphics processing units (GPUs).

GPUs display lifelike images, so their popularity has grown exponentially with the explosion of video games.

Nvidia benefited from this trend. While the company did have to deal with a pandemic-induced chip shortage, it rebounded by nearly tripling its revenue over the following two years, reaching a total of $26.97 billion in its fiscal 2023.

Revenue through the company’s fiscal 2024 has continued this rapid growth. In the second quarter of its fiscal 2024, Nvidia took home revenue of $13.51 billion, up 101% over the second quarter of fiscal 2023 and 88% over the first quarter of fiscal 2024.

And Nvidia is now working with supply chain partners to push out more chips. The company has confirmed that it is now in much better shape to meet demand.

That’s good news!

The metaverse will combine complex and relatively young technologies. But this online world won’t get far unless there is something to help everything merge together.

Thanks to the metaverse, Nvidia’s GPUs have never been more valuable.

As long as Nvidia is smack-dab in the middle of this emerging trend, it’s worth keeping your eye on.

 

Minting a New World

The metaverse promises many things – above all, a brand-new reality that mirrors our own.

That means shopping, office meetings, billboards…

We don’t often get excited about technology… but this isn’t just technology. It’s a whole new economy.

And while that may seem like a lofty claim, the companies we highlighted are making money today… and are guaranteed to play a big part in this emerging world.