It was hard to escape the Crypto hype that flooded the mainstream media during the pandemic years of 2020 and 2021. Everyday people were going all out with their investments because let’s be honest, what else was there to do? during lockdown?

Fast forward to 2023 and the media doesn’t seem to be focusing too much on Crypto, however Web3 wants to categorize it. Some of you reading this may still be intrigued by Crypto-related topics, but you’re still sitting around scratching your head. This is completely understandable.

We’ll give you a quick and concise rundown on how you can earn some extra money through Web3 and the different functions available to it. If this is one of the first articles you’ve read on these topics, we strongly encourage you to do more research. You can find more resources through our site and also on the world wide web.

So grab a pen and paper and get ready to learn more about how you can make money with Web3 in 2023.

@Moneycontrol

CRYPTOCURRENCIES

The first way a common joe can make some money with Web3 is invest and/or trade cryptocurrencies. Cryptocurrencies are digital assets based on the premise that they are on the blockchain and decentralized.

You may have already heard of Bitcoin and maybe even Ethereum. There are a large number of cryptocurrencies to choose from, many with different uses and properties. Visiting sites like Coin Market Cap will help you a lot as this site gives you general information about the specific token.

When buying and investing in Cryptocurrencies, make sure you do so on the review of Binance and Coinbase, the world’s leading exchanges. If you go ahead and have a large amount of Crypto, we recommend purchasing a hardware wallet like Ledger. This gives you more security over your assets.

NFTs

NFT stands for Non Fungible Token and is another digital asset that can be bought and sold through the blockchain. The 2 main blockchains that have NFTs are Solana and Ethereum. Both have designated markets where you can buy them, magical eden Y OpenSea.io.

Most NFTs are available in .jpeg, video, or real estate. They can be used both inside and outside of Crypto Games, which we’ll talk more about below. The most popular NFTs you’ve ever seen are those really expensive profile photos that celebrities bought.

Since the initial boom, NFT Collections have been thrown around with more utility than just being a fancy profile picture for Twitter. By having the Cristiano Ronaldo NFT, you get access to benefits such as Ronaldo products and the opportunity to meet him.

@ The Cryptonomist

Gaming

Blockchain gaming has really grown in 2022 and as of 2023 it has never been easier to play Crypto games. Web2 gaming platforms such as the Epic Games Store have started listing Web3-related games for players to try.

These titles are generally known as “Play to win” and they are literally what they say on the tin. As time has passed, these titles have developed dramatically and the gameplay and functionality have become more fun and exciting.

We recommend checking out Blankos Block Party and EV.io review if you’ve never played a Play-To-Earn title before. Both games are easily accessible and are a great entry point for anyone looking to make money through Web3 this year.

Blogging/Content Creation

If you are a more creative person, you can also use Web3 and earn some money. There are many websites writers can publish their work as guest posts or as freelancers.

If you are going to create content on Web3, such as blogs, TikTok videos, etc., it is recommended that you have a good understanding of the concepts before doing so. The content must provide factual knowledge; otherwise you can get a bad reputation and low engagement.

Sending messages directly to organizations is another great way to get your work published or noticed. LinkedIn and Twitter have proven to be useful platforms for doing so. Be sure to also check out Medium, the social media article publishing site.

We hope that you have found this article informative and that the information presented can point you in the right direction!