How To Become A Metaverse Millionaire In ONE Year (My Plan)

The best way to understand the metaverse is to experience it yourself. Alright, so let's talk about the metaverse because this could be big, not only as a way to make a lot of money but also in terms of how all of our future experiences could be right here in one of these things. Let me take it off. Even though the idea of a metaverse seems a little bit far-fetched, it's already happening. Virtual real estate is beginning to sell for as much as two and a half million dollars in Decentraland. Someone purchased land right next to Snoop Dogg for five hundred thousand dollars. Actually, Infinity users are converting digital currency into an 82,000 a year salary. As a result, Facebook is going all in on the concept, dedicating over 10,000 employees to building out the next digital world of opportunity.

So let's talk about exactly what this is, how some people are building significant wealth in a world that's only just begun, my plan to invest and eventually become a metaverse millionaire in the next one year, and then finally, how you could use this information to get in early and make money by owning stocks, cryptocurrency, and ETFs that could shape the way the metaverse is created. Although before we start, if you guys appreciate this information and you want to hear more like it, just do me a quick favor and hit the like button for the YouTube algorithm. Doing that gives me a good indication if these are the types of videos I should continue making, and if it is, there's so much more we could talk about. So thanks for letting me know. Make sure to subscribe so you don't miss out on the next video, and with that said, let's begin!

Alright, so in terms of what the metaverse actually is and why it's being described as the next phase of the internet, here's where things get interesting. Imagine a fully immersive digital world where you could put on a headset and then all of a sudden you're in the same room as all of your friends. In this world, anything could be done anywhere, and all of a sudden physical barriers don't matter. If you want to visit the Eiffel Tower, you could click a few buttons and be there within seconds, or if you're attending a work meeting, teleport right back and join a conference about why you haven't subscribed yet because you should really subscribe since it's free.

But here's where things take a step further: an entire economy could exist within this digitalized world. For example, imagine paying ten dollars to visit a diverse museum where you could view the world's rarest NFTs and see exactly who owns them, or buying a plot of land in Decentraland that you could then rent out to somebody who wants to build a casino on there where people gamble actual money. Essentially, anything that could be done in the physical world can be recreated in the metaverse, except your customer could be anyone, anywhere, at any time. Just like the internet created a worldwide opportunity without a physical storefront, the metaverse could take it a step further, where products and services could be transformed on an even bigger scale.

And what's crazy is that it's already been happening for over a decade. Back in 2010, the entrepreneur John Jacobs made history when he sold his Club Never Die for 635 thousand dollars, which at the time was a record for the most expensive virtual item ever. However, what made it so valuable was that it existed on the game Entropia, where users could pay to get access to his asteroid, much like a cover charge at a bar. As a result, he was able to generate two hundred thousand dollars a year. But today that very same concept is alive and well, but bigger.

First, we have Decentraland. This is a virtual world where users could purchase plots of lands, develop, and monetize. Now, what's unique about this is that once you own the land, it fully belongs to you, and you could choose to do whatever you want with it. You could create games, applications, museums, hangout spots, gambling services, you name it. There's even a marketplace for digital items like hats, shoes, furniture, and other accessories that people can make and sell on the platform, and it's a lucrative way to make money.

For example, it's noted that there are forty thousand digital asset creators who make up to 122 thousand dollars a year, and a hundred and fifty thousand digital farmers who earn up to 25,000 dollars a year, all within a virtual economy. In fact, some investors are even comparing this to being able to buy prime New York real estate hundreds of years ago. And if you think that's crazy, just listen to this: just recently, the Fashion District in Decentraland sold for 2.4 million dollars. This is already an area being used as a shopping district where users could shop for virtual clothes from real brands like Prada, Gucci, and Ralph Lauren.

Most likely, with this purchase, designers from around the world could pay to be featured in front of hundreds of thousands or millions of people. The new buyer was quoted as saying, "The Fashion District purchase is like buying Fifth Avenue back in the 1800s with the creation of Rodeo Drive." And maybe they'll be right, although Fashion District in Decentraland is not even the biggest purchase. That award would go to Sandbox, with a record-breaking 4.3 million dollar purchase from none other than Republic Realm. They're an investment firm whose strategy is to buy, manage, and develop digital parcels in the metaverse.

When asked about the purchase, they said, "We bought a city—or the equivalent of one. We paid so much for it because we want to do something big, something very immersive." For them, the metaverse is a potentially one trillion dollar a year opportunity that they want to be a part of, and their portfolio is quite unique. As you can see, nearly half of their holdings are held within Sandbox, 16 and a half percent is invested in Decentraland, and 21 is stored in Axie Infinity—the rest is spread amongst a dozen other ventures that could continue to grow over time.

Now, as far as what the Sandbox actually is, it's a virtual game that allows its users to create their own products, services, and businesses through the blockchain. The co-founder explained that, "We think the opportunity of virtual real estate digital land is much more interesting than real physical real estate because of how fast you could develop your business and your experience on top of it." The hope is that one day Sandbox could become its own economy using the currency Sand, which has recently surged from 70 cents to five dollars on the announcement of Facebook's metaverse development.

Although in terms of making money consistently, that award goes to the final number three, Axie Infinity. The Verge recently reported that some people are making thousands of dollars a month battling and upgrading their characters known as Axies. Just like you could collect, battle, trade, train, and upgrade Pokémon, Axie Infinity allows you to do all of that with their characters on the blockchain. Users are able to breed new Axies by spending currency earned within the game or purchased from an exchange. By winning battles or selling their beefed-up Axie NFTs to other players, users could cash out by converting their currency to real money, thereby generating an income.

In fact, the former Goldman Sachs associate claimed means that converting rewards are done in Axie Infinity to USD could exceed his annual income, especially with more than 200,000 live players at any given point. This has proven especially popular in low-income and developing countries where a digitalized game offers unparalleled financial opportunity that never existed before. For example, players in Ghana can make approximately 140 to 420 dollars a month, which is several times higher than the country's minimum wage.

And if you're wondering how much an Axie could be worth in its final form, well, this one just recently sold for eight hundred thousand dollars because of its rare attributes. Although in terms of how I plan to invest in the creation of the metaverse and what you could do with this information, here's what I think: I think the simplest way for people to gain exposure to the metaverse is by owning stock in companies that are actively involved in its creation.

For example, we have Facebook, which is now Meta. It's reported that they'll be hiring 10,000 employees to begin building out their own virtual reality at the cost of over 10 billion dollars. Now, even though Facebook certainly has its critics and the crypto community doesn't exactly seem welcoming of Zuckerberg taking over what many believe should be completely decentralized, you have to admit Facebook pretty much has unlimited money and resources to do whatever they want. The second, we also have big tech like Google, Apple, Amazon, and Snapchat. All four companies are working on their own augmented virtual reality that could end up playing a pretty significant role in the implementation of a half metaverse, half real world that we could be a part of.

For example, it's reported that Google is working on a new augmented reality device after a job posting was made public. Apple iPhones and products integrate perfectly with their camera, allowing you to immerse yourself in a brand new world like with Pokémon or search for items by taking a picture. Amazon now offers online shopping where you could preview furniture in your room before you even buy it, and Snapchat is constantly pushing the limits by letting their users have free reign over their creations.

The third, just like the term in a gold rush, “you could sell a shovel,” you could also invest in the companies that make augmented virtual reality possible in the first place. Matterport, for example, implements 3D screening so you could digitalize anything in the world and walk through it as though you're physically there. This would allow anybody to bring their own home into the metaverse and essentially walk through or tour any location in the world, similar to Google Maps. Nvidia is another one; whose graphics cards and artificial intelligence are used in processing all of that metaverse data.

On top of that, their CEO reasons that companies could stand to save billions of dollars by digitalizing products and services, thereby decreasing waste and boosting efficiency. AMD also pairs very nicely with this, especially after Facebook announced that they would be using their graphics cards to help power the data centers. There's even an ETF called META, which basically just indexes all of the best investments for the metaverse. In fact, you could see all of their holdings right here, although the only downside is that they have a high expense ratio of 0.75 percent.

So long term, you might be better off just buying these on your own and then saving the money. By the way, speaking of stocks, the stock trading app Public wants to give you a free stock worth all the way up to a thousand dollars, and it’s linked down below in the description. Sign up with the code GRAHAM, so if you guys are interested in getting a head start, the link is down below in the description.

Besides that, if you want a riskier option to invest in the metaverse directly, you could do that through buying land, products, or the underlying cryptocurrency. But let's start with the land. Decentraland is limited to 90,000 plots, and that's it. Right now, prices range anywhere from fifteen thousand dollars on the low end to millions of dollars in terms of current asking prices, but ultimately, if you believe in the utility and you think that you could generate revenue or traffic to your location, it could be a high-risk, high-reward investment.

As to Sandbox, some people are bidding ten thousand to a hundred and fifty thousand dollars for various locations, with some fetching millions of dollars, as I mentioned earlier. Now, in the future, they say that eventually you'll have the capability to rent your land, meaning you'd be able to become a virtual landlord and have someone pay you for the right to use your parcel. You could also create, sell, and flip digital items in the metaverse, like this yacht here that sold for nine hundred and eight thousand dollars.

Now even though that might sound like a colossal waste of money, one day you might be able to pay a cover to go on that yacht to network with other people virtually. Or imagine a business paying fifty thousand dollars to rent this yacht out for a business meeting where everyone could party virtually. At this point, I'll be honest, nothing surprises me anymore. I feel like I've seen it all.

Finally, you could take what might be the simplest approach, which is simply by investing in the underlying cryptocurrency itself, like you have MANA for Decentraland, SAND for Sandbox, AES for Axie Infinity, or Facebook, who eventually will probably develop their own currency. So obviously, all of these could very well go to zero, and it's impossible to see how this might scale over time.

But in terms of my own plan for investing in the metaverse in 2022, here's what I think: At this point, there really is no denying that there is a viable market out there for virtual items. NFTs are a perfect example of a collectible marketplace that some people are willing to pay a considerable amount of money for, so it only makes sense that a virtual world would be created to showcase them.

Facebook is certainly going all in on the concept, and arc predicts that it could hit 400 billion dollars of revenue by 2025. Even though it's still incredibly risky, I do believe that as technology advances, it'll be easier than ever to virtually visit museums, games from around the world, hang out with friends, or pay a cover to hang out on someone else's virtual yacht.

I could certainly envision a place where networking is done online through avatars and locations that only certain people holding certain NFTs could gain access to. And even though that might never happen, it's possible. I also believe businesses would be perfectly adapted to shifting their workforce online, sharing documents virtually, and collaborating from around the world in a more efficient way. Not to mention the pace of technology adoption is speeding up, so if something like this happens, it could happen fast.

So in terms of my own investment and how I plan to invest a million dollars throughout the metaverse in 2022, here's what I'm doing right now. I just believe it's too speculative to buy the land or cryptocurrency directly, even though it might offer the biggest payout. I'm just not in a position where I want to take that gamble. So for that reason, I would rather play it safe and invest in the companies that I believe will do well long term.

That includes investing in Google, Apple, Facebook, Matterport, Snapchat, Nvidia, and AMD. I've already been a long-term investor in several of those companies, so I plan to continue to add to that investment over time because I believe they will help accelerate the metaverse. I've also begun to allocate five percent of my entire portfolio to Ethereum because both Decentraland and Sandbox are built from the Ethereum network, leading me to believe that Ethereum will continue to see a consistent demand.

Between those investments, I have over a million dollars directly and indirectly invested in the metaverse without risking it all in the event one of them fails. This is partly one of the reasons why I've yet to take the chance to buy virtual land. I don't own any NFTs, and I don't own any of those underlying currencies. To me, I'd rather just take a wait-and-see approach, even if in the long term it winds up making me less money.

It's also important to mention that even though a million dollars invested in the metaverse is a lot of money relative to the rest of my portfolio, it's only a small chunk of my net worth. So in the event it went to zero, yeah, it would suck, but I would still be okay. Pretty curious? I'll link to my portfolio down below in the description so you could see exactly what I'm invested in. But I still believe the metaverse is just the beginning, and it's probably here to stay. Not financial advice, for entertainment purposes only.

So with that said, you guys, thank you so much for watching. Also, make sure before you forget, just hit the like button and the subscribe button because it's totally free. If you want to see more videos like this, especially make sure to subscribe so you don't miss out. Also, feel free to add me on Instagram and on my second channel, The Graham Stephan Show. I post there every day I'm not posting here, so if you want to see a brand new video from me every single day, make sure to add yourself to that. Thank you so much for watching again, and until next time!