Ellen Britt for CNT #NFT
Recently, we looked at various ways to make money in the metaverse, with a couple of those ways involving virtual real estate. Let’s get a closer look at just one of these…becoming a virtual landlord.
One of the benefits of this approach is that instead of your land just sitting there while you wait for it to appreciate, you rent it out and make money on it now, month after month.
A Market For Renters
Another benefit of this inevitable virtual land value appreciation, is that many people who want land on a particular Metaverse platform simply will not be able to afford it, creating a secondary market for renters.
In addition to renting out houses or apartments that you build on your virtual land to individuals, you can now set your sights on renting commercial space, as more and more businesses are vying for a presence in the metaverse.
It’s All In What Type Of Building You Construct
So instead of constructing a virtual house on your metaverse property, you could build virtual office space, shopping malls or even an event space and rent those properties out.
No Supply Chain Problems
Even if you don’t have the skills to construct these virtual buildings, you can hire this out at a tiny fraction of what it would cost you in the real world. Plus, there are no building inspections, and no rules about what you can build. In addition, you’ll never have to deal with supply chain problems or broken toilets!
Keep an eye out on the real estate being developed at MINT City Places . . .