Web 3, which evolved from web 1.0 and web 2.0, is an exciting space for businesses with numerous opportunities to make money. The main definition is that web3 is a decentralized internet based on Blockchain. Simply, web3 is another way of exploring the World Wide Web – as a third generation of the Internet.
Here, we’re going to take a look at how to make money via web3?
7 Best Ways to Earn Money With Web3
Earn Money With AirDrops On Web3
Because Web 3.0 is still in its early stages of development, there are numerous new Web3 projects with a huge number of people who want to attract new contributors and users to their platforms by rewarding newcomers with free tokens. This is an amazing opportunity for any newcomer. When a blockchain project gives away free tokens to the community, this is known as an airdrop.
This is usually done to promote and raise awareness about their project.
Airdrops are an excellent way to obtain free tokens that can also be profitable if you know how to sell them.
Make Money Via Web3 Play To Earn Games
Web 3.0 Play to Earn model is another superb and unique way through which you can earn more profit. Such Web3 play to earn games is an interesting way to generate huge income. One example of this Web3 play-to-earn game is Axie Infinity. This is a cunning game that is built on the Blockchain. It provides users with unique tokens as a reward for playing virtual characters. The web3 Play to Earn games is built on the Ethereum Blockchain.
Keep an eye on this play to earn Web3 games and get ready to start up games like this which are becoming more popular, The more money you can make if it becomes globally popular.
Make Money From Your Data
When companies have complete control over data in a centralized world, they sell it to benefit themselves. Web3.0 enables you to do the same thing, but for your own benefit. You can share your data with people all over the world to buy and sell anything.
And if you want to sell your data to any companies such as Facebook, you can do so with the help of Web3.0 and get reasonably paid for it. You simply need to decide what you want to do with your data.
Create Your Own Currency
Personalized tokens have many more uses than anyone can imagine.
Web 3.0 allows you to get paid well when you create your personalized token. You can create and mint your tokens or distribute them. You can completely and directly control the value of the currency.
This can be done through ICOs (initial coin offerings), a type of crowdfunding in which startups raise funds by selling tokens. In an ICO, however, a company sells digital tokens rather than shares.
Tokens can be used to buy goods and services from the company or traded on cryptocurrency exchanges.
While not a passive investment at first, making your own currency can be a great way to support a company or project you believe in, as well as a great way to make profit if the currency becomes popular.
Anyone can use the NFT to generate passive income. This income can be generated in the coming years without causing a financial crisis. It contains no risks. The decentralization operates behind the NFT.
If you want to make some passive income, you can own or create digital art and then sell it to earn money. There is no third party that can interfere. only you can choose what to do with your digital art. You can also make use of the NFTs for gaming, metaverse, music, Fashion and more.
Benefit from decentralized credit
With decentralized credit, you can eject the role of banks from not only sending and receiving money, but also from borrowing and lending. You can create or join the lender pool and choose how and at what interest rate you want to lend your money.
Credit pools can help you earn a lot of money. However, this does not mean that there will be no more banks. Banks will remain, but Web3.0 will change the banking style in the future, and you can benefit from it.
Make Money Via Metaverse
Last but not least, Metaverse is full of virtual worlds in which You can not only participate in virtual activities in the Metaverse, but also for generating a huge income.
While Web3 has recently seen exponential growth in NFTs, P2E games, and DAOs, the Metaverse is still in its early stage, the web3 will be the key for the full development of Metaverse. Hence, much more room to grow in terms of technology that will make the metaverse experience fully immersive.
So, creating your own Web3 Metaverse platform can make you stand alone in the future. It can also create a higher ROI among the users which results in a higher revenue stream.
So, how do you feel about web3.0? Different people will have different opinions, but there is no doubt that web3 is expected to transform technologies into more interactive.
Now, you have a clear-cut idea about the revenue streams of Web3. In future if you are looking to start your own Web3 business you can contact Bitdeal, which is a leading Web3 Development Company who can assist you in starting your own web3 business with our team of web3 experts.