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The real-world property will be uploaded to the metaverse at the same time, enabling prospective buyers to “walkabout” a beachside condo on the other side of the globe or ogle one that is still under construction. The battle for attractive virtual real estate is fierce – trading pixels for profit is a specialized profession that will open up a slew of chances for anyone with a keen eye for a good story. In metaverse worlds like The Sandbox and Decentraland, virtual land is already selling for millions of dollars. Millions of people across the globe today work in offices and factories, and the emergence of the Metaverse will see their employment transition to a virtual environment that isn’t quite like the one they’re used to. Many of the nuts and bolts that keep it spinning - programmers, designers, testers, and developers - will need to be connected. Not all of the Metaverse-related work will take place inside it. It’s just another proof of the Metaverse’s immense potential. Fans may pay to play golf with a YouTube star or acquire new skills in a one-on-one session with a thought leader in a virtual setting. Specialized platforms enable celebrities and artists to have virtual experiences in the Metaverse. Owners earn money by leasing out their virtual pets, which saves them the time and effort of collecting tokens every day.
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Workers from poor countries like the Philippines earn around $30 per day doing these tasks on behalf of their employers, collecting tokens with the animals. But it’s not just for fun: players may collect tokens and other generated in-game things and sell them for real money through their metaverses. In the play-to-earn - or “GameFi” - sector, virtual pets roam freely, with their human owner’s petting, dressing, and instructing them. However, work is already underway in nascent metaverses throughout the (virtual) world.
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Given the haziness of the Metaverse, it’s impossible to picture a virtual world where millions of people clock in and out to earn a livelihood. Web3 will win in the Metaverse because it will allow these same people to find a meaningful job across worlds, realms, and locales. The Metaverse’s greatest promise, though, isn’t the ability to dress up in crazy costumes and twerk in virtual music halls. Users may freely roam between games, meeting locations, and markets as avatars, reenacting many of the tasks that were previously only available in meatspace. The Metaverse is a web of interconnected virtual worlds where people may recreate, interact, and trade. That virtual world, which exists alongside our physical one, is not restricted by national borders, nor is it the territory of social media companies that have stolen its name. Rather, it will come from the Metaverse, a domain over which most governments have little control and jurisdiction. Governments are still as eager as ever in producing meaningful work for citizens, but the next great job-creation initiative is unlikely to come from the top down. Employment programs have a long and difficult history, ranging from the Great Depression’s job creation measures to US President Barack Obama’s American Jobs Act. Politicians that wish to put the country back to work and seem to be strengthening the economy have traditionally created jobs.
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The metaverse’s job opportunities will undoubtedly exceed our expectations, with many individuals maintaining their existing occupations following the transition to virtual space.