🧘♂️ALERT: Free Money
Market Meditations | January 13, 2022
3 Ways To Get It!
In the face of this week’s market volatility, we all deserve some happiness. And what brings more happiness than free money? Yes, that’s right: nothing at all.
Early adoption almost always carries with it the most potential for upside when it comes to investing.
This is true amongst buying into companies, cryptocurrencies and almost every other asset.
The Metaverse is no different.
That’s why we dedicate today’s main topic to metaverse passive income.
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Our Market Meditations are longer format educational segments. Each letter features a Market Meditation which will deep dive and analyse a relevant crypto event, theme or tool.
? Metaverse Passive Income Guide
? OPPORTUNITY 1: Upland
WHAT IS IT:
Games like Upland feature either free or very low-cost entries, while offering upside to savvy players.
Upland is a land collection and trading game based on real-world real estate. Players collect parcels of land and receive revenue in the form of UPX (Upland’s in-game currency) based on location, collection size and type.
The economy is driven purely by supply and demand of players competing for pieces of land in prime locations, mirroring the real-estate market of the real world.
Players can buy and sell parcels of land for fiat currencies, like the United States Dollar.
Use the UPX you receive when creating your account toward the purchase of a cheap parcel of land. Then engage the game’s promotional programs (collections, challenges, and other events) to boost earnings and trade your way up to big returns. Get started here.
? OPPORTUNITY 2: The Sandbox
WHAT IS IT:
The Sandbox also offers plenty of opportunities to earn its native token, $SAND, without suffering exposure from investing on the front end.
The Sandbox empowers users by offering free access to its Game Maker software. This allows content creators to create experiences, like games, that can be published onto LANDs, then monetised. If other players want to experience your content, they pay an entry fee.
The Sandbox just concluded their first Alpha event, which allowed players to experience gameplay and social features. The multi-week promotion brought opportunities for players to earn $SAND and NFT rewards just for playing games.
Creating and selling Voxel ASSETs for The Sandbox can provide significant income. The Sandbox’s free voxel editing software, VoxEdit, has been downloaded thousands of times and is responsible for tons of purchasable content via the marketplace.
? OPPORTUNITY 3: Decentraland
WHAT IS IT:
Decentraland features a similar economic model as The Sandbox.
Users can create wearable NFTs in Decentraland completely free. One method involves mining resources to earn materials.
These materials are combined to create wearable tokens, which are then used to craft NFTs which can be worn, bought, and sold.
The Decentraland community is also large and active enough to support an employment system. Employment opportunities can be found in the game’s Discord, with real-world designers seeking and offering job opportunities for in-game work, paying out in both fiat and digital currencies.
Simply owning tokens can bring with them the possibility of qualifying for airdrops associated with platforms’ native tokens.
? Final Thoughts
Ecosystems like Meta’s (formerly Facebook) may carry with them similar promotional initiatives in the future. It’s important to keep an eye out for these opportunities as the metaverse develops.
While the digital world expands, so too does opportunity.
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⛵ Can LooksRare Conquers the Great OpenSea?
Decentralized underdog LooksRare is attempting to directly compete with OpenSea to capture their users and end their reign as NFT top-dog.
According to Dune Analytics as of January 12th, 2022 LooksRare has a total volume traded of $727m compared to OpenSeas $170m total volume in the same period of time. How has LooksRare achieved this?
Token Airdrop – 120m $LOOKS tokens (12% of total supply) airdropped to the community.
Lower Trading Fees – charges seller fees of 2.0% compared to OpenSeas 2.5%.
Web 3.0 vs Web 2.0 Approach – 100% of trading fees are distributed to $LOOKS stakers rather than kept by the platform.
Innovation – highly requested ‘floor sweep’ feature added on launch.
Upon greater inspection higher volume looks to be a result of ‘wash trading’. This is a process whereby investors buy and sell the same asset at the same time thereby creating the impression of high volume. This is because LooksRare is currently rewarding any volume traded on their platform with a share of 2,866,500 $LOOKS tokens per day!
If you have traded the equivalent of 3 ETH on OpenSea between June 16th, 2021 to December 16th, 2021 you are eligible for the $LOOKS airdrop – if that’s you click here.
? Kim Kardashian, Floyd Mayweather Pump and Dump
Kim Kardashian and Floyd Mayweather are in the news again – this time for something a little different than usual.
They are both getting sued over allegations saying that they misled their social media followers by promoting “EthereumMax.”
In an Instagram post, Kardashian said “Are you guys into crypto??? This is not financial advice but sharing what my friends just told me about the Ethereum Max token!”
Mayweather endorsed the boxing token in his boxing match with Logan Paul. Here, one could pay for tickets with EthereumMax. The lawsuit states that this boosted trading volume.
The lawsuit states that many people suffered losses as a result of their conduct.
There is debate about whether or not they should get in trouble because neither claim to be providing financial advice. While it appears that despite not explicitly stating it as financial advice, they nevertheless used their platform to pump a coin.
We must remember that many high profile celebrities are paid to promote and this should not be taken as financial advice. EthereumMax, for example, has lost 97% of its value since June. Before investing in any project, be sure to do as much research as you can so that you are not scammed!
Not financial or tax advice. The content in this newsletter is for informational purposes only. Nothing in this email is intended to serve as financial advice. We are not financial advisors. Every investment and trading move involves risk. Do your own research when making a decision. See our important security disclaimers here.
Disclosure. Some of the links we’ve included are affiliate, they give you rewards and discounts and earn us a commission. Additionally, the Market Meditator writers hold crypto assets. See our investment disclosures here.