The crypto ecosystem has opened exciting new avenues to earning income.
There’s the traditional capital gains strategy — buying crypto assets directly at low prices and selling them at higher prices.
You can also “stake” or lend your crypto to liquidity pools to earn passive income off your positions, rather than letting them sit in your wallet.
One of the coolest new developments intersects with online gaming.
The current online gaming market is estimated to be worth about $59 billion globally. But for the most part, players don’t see much of that revenue.
Thanks to the blockchain and non-fungible tokens (NFTs), that’s changing as play-to-earn (P2E) gaming is empowering gamers.
Marija Matić explains in this week’s Weiss Crypto Sunday Special that in a decentralized world, creators will need to incentivize users to interact with their projects. NFTs allow players to actually own their in-game items — giving them real-world value. And that makes it possible for gamers to make real-world money by selling items or land in their games.
According to Marija:
There are many ways to earn money within play-to-earn games. You can, for example, build a character — an avatar or a digital pet or something like that — which has a certain set of skills. By enriching the skills of the avatar you’re creating, you raise its value.
Or for example, if it's a land within the metaverse, you can increase the value of that land by building something useful on it. Then you sell it, and you can earn.
And we’re not talking chump change: Players can earn several hundred dollars a month. This is truly an exciting new opportunity — one built off advances from several sectors of the crypto ecosystem that offers potential earnings to rival the wisest of investments.
I suggest you watch our latest Weiss Crypto Sunday Special now.
Best,
Beth Canova
Managing Editor
