Feb 23
Creating Your Digital Empire In The Metaverse. Part 1
Crypto Made Easy.
As a disclaimer for this and any articles, we write on MetaProfits DAO;
We Are NOT Financial Advisors, Nor Are We Tax Advisors.
You Are Responsible For Your Own Money, And Your Own Choices.
Shall We Continue?
Great.
The First Thing You Need To Decide Is How You Plan To
Build Your Digital Empire.
You Need To Get Some Skin In The Game.
I Am Not Going To Go Over All The Different Ways You Can Buy Crypto, I Have Listed In Few On Our Wiki Page
(If You Are Complete New To Crypto, Start There.)
Typically, Most People Start Out With
•Ethereum (ETH)
•Bitcoin (BTC)
•Binance (BNB)
Last Warning: This Is Not Financial Advice, You Should Only Invest In Money, You Can Afford To Lose.
You Need To Decide On What Level You Want To Play The Game.
Do You Want To Play The Game On Easy, Intermediate, or Advanced Mode?
Here Is Easy Mode For You.
There Are So Many Different Ways To Make Money In The Meta / CryptoVerse In General.
Nodes, Staking, NFT Flipping, Trading, Play To Earn Games and Always A New Shiny Object.
We Focus On Gaming…. It’s Where The BIGGEST Adoption Is Going To Be. (In My Opinion)
Gaming / Entertainment.
We Make Money In Play To Earn Games.
You Can Read More About How We Make Money In Axie Infinity Here.
TLDR:
We Buy In-Game Assets For A Video Game.
Players Earn Tokens From These Games.
We Split The Tokens To Buy More In-Game Assets
Or Cashout, Invest Into Other Things, Buy Houses, Whatever.
Staking And Defi
Once You Start Making Enough From Your Axie Farms, You Can Start Dipping Your Feet in Liquidity Farms.
Staking And Defi Can Earn You Rewards Over Time From Transaction Fees By Providing Liquidity.
Which Is Great When You Believe In A Project Long Term.
Always Do Your Own Research When Investing Into A Project.
Having Multiple Streams Of Income In Crypto Is Important.
We Take Profits From Axie Infinity In The Form Of Ethereum.
Move Them To Stake On Aave, And Then Borrow A Stable Coin.
You Can Learn More About The Arching Strategy Here.
TLDR:
Take Profits From Axie Infinity
Stake Your Long Term Holds In Aave
Borrow Against Them ( This Is RISKY, ALWAYS DYOR )
Stake Into LP Pools To Earn “Dividends”
Take Profits Into Long Term Holds (Rinse And Repeat)
But Maybe Flipping NFT’s Are More Your Thing.
We Have A Whole Guide On Flipping NFT’s Below.
Owning Land In The Metaverse
I Plan To Focus On Play To Earn Games With Land That Will Produce Resources And Things I Can Farm.
Or Have Others Farm For Me For A Split.
Games Like:
➡Mirandus
➡Axie Infinity
➡Big Time
These Are Just Some Of The Games With Land We Are Invested In.
Axie Land Will Provide Resources In-Game To Either CashOut Or Upgrade My Current Team To Be Able To Produce More In The Future.
We Also Own A Land Deed In Mirandus Which People Can Rent Out Or Maintain It Ourselves.
The reason I Am Not Focused On Sandbox Or Decentral Land Is Because
It’s Too Much Work.
I Like Passive.
Long Term
Anchor Protol Gives 20% APR On Your Money.
You Can Combine That With Terra Station By Staking Luna, Which Will Earn You Stable Coins.
Allowing You To Create Both More Luna And More Stable Coins.
To Stake On Anchor Protol.
This Is What We Call A Loop.
Anchor Has About 10 Billion In Locked Liquidity.
So I Feel Safe Personally, Putting My Stable Coins There While Staking With A Validator And Earning Stable Coins And Luna. Win.
Taking Profits
After A Hard Day Of Doing Nothing, It’s Great To Spend A Little Of That Cheddar.
Websites Like Shopping.io Allows You To Spend Your Crypto(Stable Coins)
On Amazon.
Neat.
They Also Are Building A Mall Within The Metaverse, On Sandbox.
Remember When We Talked About Land In The Begining Of This Journey?
Stage 2 Says:
Open Up NFT Stakers To Rent A Store In Shopverse Mall.
You Now Can Retire,
•Owning Your Own Meta Store, In A Meta shop.
• Thousands Of Gamers Playing For You.
• While Minting
And You Never Have To Leave Your Box.
B$
