A snapshot from the virtual world.
There is a place called The Sandbox.
The metaverse world has grown rapidly over the past few weeks, with people spending millions of dollars on virtual land and other types of property, and investors like Robert Doyle making money out of those assets.
In the last six months, he's made almost $100,000 by running a virtual car-repair shop and a bank in a metaverse that isn't even fully live.
Polka City is a multi-blockchain metaverse gaming platform that was launched in 2021. Virtual taxis, gas stations, billboards and even motorcycles can be purchased with non-fungible token. The platform's native token pays weekly interest.
Users already own and trade digital assets. The game is about to launch. The "Grand Theft Auto" series of action games are a nod to the "GTA of Cryptocurrencies".
I think this could be a billion-dollar game. If the game gets to a billion-dollar market cap, the price of the token could be $30, $40, $50, depending on what happens, and these will pay out for quite some time going forward.
This year, the man has gained almost 500%, and he has accumulated over 100,000 polca. The majority of it came from the repair shop. He said that once the game launches, he will get money from people using his car repair shop and 25% of polc loan fees from his virtual bank.
The game will have many releases. The owners of discos and art galleries in Polka City will be able to make money from their holdings by the end of the year, while others will be able to make money from future releases.
Assets in the metaverse are not cheap. The repair shop cost $23,000 and the bank cost $3,500.
Assets are for the end-game. For years to come, this will pay off. It's pretty amazing. He said that it was crazy to be able to pay for his mortgage, medical, car payments, and food with just one NFT.
Over the years, there have been various forms of metaphysics. The recent boom in interest was accelerated by Facebook's decision to change its name to Meta.
Two and a half years ago, he was a real estate agent. He makes a living from cryptocurrencies and related projects.
He heads up a company that helps people generate passive income.
I'm moving to Vegas next month and I can buy a $2 million house with all of my metaverse income and the nodes income that I have."
I promised myself that I would buy my dream car once I got a house, and so I have plans to go pick it up. I have been able to pay off debts.
The risks come with this investing.
It takes some time to understand what you're getting into. You need to look at the market cap, the team, and the development. He said you need to look at the community.
Business Insider has an original article.
