Ways to Make Money in Web3, with Less than $10 Investment

To most non-crypto native folks, Web3 means cryptocurrencies and NFTs, but they’re not 100% equivalent. Many have heard of NFT and Metaverse and wonder what does it really mean and how they’re related to Web3. Most importantly, how does it make positive impact to common people’s daily lives, especially in terms of making money and career changes. If you only take away one thing from reading this article, here it is: Web3 is the next phase of the internet built on blockchain powered decentralized infrastructures, where users are in control of their data, and applications are built on decentralized protocols. Get involved in Web3 early, in whichever way you find feasible, in hopes you will have extra income participating in the new wave of technology.

Big money and fam have made overwhelmed headlines in the crypto industry. Some celebrity spend $2 million dollars to buy an NFT profile pictures. A young kid out of nowhere is now worth multi-million dollars investing in Bitcoins. Maybe your neighbor’s 2-people startup in crypto just raised $5 million dollar seed fund without a product launched. Now crypto market is down and many lost up to 80% of their investment and their blue-chip NFT is not liquidizing.

All what happened is just little turbulence in the history of another revolution of Internet. We shall firmly believe the positive impact Web3 brings to human beings, and most importantly, get on the ride early. Hesitation is understandable. Nowadays is not like years ago when Bitcoin is affordable and NFTs are in hot demand. What can you do, without investing life savings and take big risks, in the cryptocurrency market? There are lots ways to make some money, or at least get involved in Web3, while it is early days for Web3 and its emerging ecosystem.

With less than $10 dollars, bootstrapping revenue models for common daily internet users made possible with web3 include:

  • Action to Earn Model

    X to Earn Model is genius and to the essence of Web3 where users own their content, actions, data, time and avoid the platform to take their money away. "X-to-earn" requires some of your actions and efforts to be valuated. For example,

    • Read to earn

      ReadFi intends to use all its power to integrate reading and today's virtual world. Read 2 earn software and Metaverse Library projects are some of the futuristic plans of this project. ReadFi provides the following features on its crypto platform:

      • Read 2 Earn: Users equip themselves with Glasses NFTs, and by reading books, they get the chance to Earn $RDF tokens that can be used within the platform or cashed out for profit.

      • Earn With Reference: Users can invite friends to read events and earn crypto.

      The series of NFTs offered by ReadFi has its determined profit system and rates. People can earn more by participating in Weekly and Monthly events with ReadFi Tokens. With ReadFi Tokens, users can gain early to access many newly and exclusive released works of famous authors. Furthermore, with Readfi tokens, users can win more tokens by participating in question-and-answer events on General Culture and people can also earn with ReadFi Token staking.

    • Browse to earn

      The most famous browse 2 earn browser provider would be Brave Software. The free and open-source Brave web browser provides you with a faster, safer, more private, and more equitable internet browsing experience. Basic Attention Token (BAT) is its native utility token.

      Brave claims to be “3x faster page load times than Google Chrome, 33% less memory usage, and up to one hour more battery life”. The most direct way to earn token on Brave is to read Brave Ads, an opt-in advertising platform that rewards you to view non-invasive ads without compromising your privacy. In exchange for paying attention and time, you earn 70% of the ad revenue that Brave receives. That revenue comes in the form of Basic Attention Tokens (BAT), which are tokens that can be spent online. At the end of each month, you can either withdraw your BAT in the form of cash or pay it forward by tipping your favorite websites and content creators, according to Brave claims.

    • Write to earn

      Write to earn is not new. In Web2, many content creators make money by cash tipping or subscription. Mirror.xyz is the world’s first decentralized blogging platform, reward content creators by tokens and many other decentralized features, such as authors can seek crowdfunding for creative projects via non-fungible tokens (NFTs) that can be continuously traded and keep earning on the writer's behalf.

      On Mirror, users can freely write, publish, and disseminate any content without being modified or regulated, as long as content is legal. The platform does not have the authority to review, modify or delete any content. Mirror is also combining various concepts such as fan economy, NFT, and DAO that leverage blockchain technology to the creator economy.

      After content creators publish articles on Mirror, they can get ETH rewards from supporters via the Crowdfund function, while supporters will get the corresponding tokens of the project in return. These tokens will also represent the voting rights in the DAO. This makes Mirror more of a crowdfunding platform for creators compared to a content creation platform.

    • Social to earn

      SocialFi is social media on the blockchain. With the majority of world’s population on Social Media and an individual spend on average more than 2 hours daily on various social medias, the importance of social media apps cannot be overlooked. Among many of its benefits like getting token rewards for posting, decentralized social media cannot be censored and is capable of directly rewarding its most influential users thanks to tokenization. SocialFi networks spread the data throughout a web of nodes, and everyone who helps maintain functionality is financially rewarded.

      GAGU is a DApp, decentalized mobile app, build on blockchain. GAGU is a token-powered SocialFi platform where users can create their own unique token, mint NFTs from posts, tip with token, and send encrypted director massages. Users, including influencers, can be rewarded by posting and likes. Also, viewing ads on GAGU is a way of receiving tokens, just like viewing ads on Brave browser. GAGU’s goal is to create a token-governance blockchain-based social-commerce platform, where influencers, consumers, brands and advertisers are fairly engaged and financial benefits is transparently distributed.

    • Play to earn

      Unfortunately, current mainstream play-to-earn games costs hundreds of dollars to own properties such as @AxieInfinity. There are some free-to-play NFT games, for example, Gods Unchained @GodsUnchained is one of the most prominent free-to-play NFT games currently available that lets players earn. By winning Ranked matches, players will earn Flux. Flux is a tool they can use in the Gods Unchained Forge to ‘fuse’ duplicate Common Core cards together. A set of full cards sit on the Ethereum blockchain and then can be traded via the Marketplace.

    • Move to earn

      The move-to-earn (M2E) model enables users to earn crypto by moving around, walking, running, or doing any other form of exercise. It is a good motivation to stay active and keep fit. Plenty of move-to-earn apps will require you to make an initial investment in order to earn any rewards. Sweatcoin doesn’t require any initial investments before use, which allows users to experience the app for free. Users earn Sweatcoins by walking, cycling, and swimming. At the same time, its premium versions allow users to earn more sweatcoins daily. Users can also exchange coins to purchase items or get discounts from Sweatcoin’s partners such as Yoga Club, Tidal, and Skullcandy.

      • Most move-to-earn game or app relies on cellular and GPS signals for tracking your moment. If the app finds out that the signal is not strong, then there are high chances of you not earning the rewards. Some like Wii, you need to record your activities with the phone camera and match the virtual instruction.

      • Move to earn games utilize a dual token system: governance token and reward token.

    • Share data to earn

      The Permission Platform enables advertisers and other marketplace participants to harness the power of value exchange. Consumers are incentivized and compensated by Permission for their data and engagement in ASK, while advertisers benefit from the “first-party” data that results from obtaining permission to engage.

      Individuals earn ASK token for their time and data, and as applications are developed, individuals will be able to not only earn and spend ASK on the Permission Platform, they will also be able to connect with and engage other individuals through various “ask-permission-first” applications.

    • Create Personalized Currency

      In this article, we typically refer to the creator token, which could be minted and created on various SocialFi platforms such as GAGU. Any business, brand or individual can create their unique token on blockchain. Here we’re focusing on creator token. Creator coins are a custom-branded form of digital currency that an individual can create and develop a virtual economy around your personal assets and branding. Creator coins are a social token that allow creators, influencers, athletes, musicians, and more to launch their own cryptocurrencies to monetize and multiply their audience.

      With creator coins, influencers have a new opportunity to monetize content while fans can participate in their economy and benefit from their rise in popularity.

  • Earn Money On Web3 by AirDrops

    Primarily, the purpose of any airdrop campaign is to create awareness and promote a new cryptocurrency or new crypto projects. An airdrop is a marketing strategy by new cryptocurrency projects to build user base where free tokens or coins are sent to user wallet addresses—usually after performing some tasks, including joining a Telegram group, following certain Twitter accounts, retweeting their tweets, filling in a form, or registering on the crypto project's website. The airdrop campaign often rewards participants with extra free coins when they refer others to join as well. At other times, receiving airdrops of a digital asset by holding a certain different token—a subtype of airdrops referred to as "holder's airdrop."

    CoinMarketCap, a platform to "make crypto discoverable and efficient globally by empowering retail users with unbiased, high-quality and accurate information for drawing their own informed conclusions."

    On CoinMarketCap's lists of airdrop campaigns, you'll find three categories: ended airdrops, ongoing airdrops, and future airdrops. While users can participate in "ongoing airdrops," the airdrops in the "future" category let users have the chance to be in the know when the airdrop goes live by adding the airdrop to your whitelist.

    However, it's a common practice among crypto enthusiasts to always do your own research (DYOR) before committing to any airdrop campaign.

  • Participate In The Technology

    If you are a non-tech person, don’t worry, you have good news from Web3. There are non-technical jobs available too in Web3, where you can leverage the majority of your Web2 skills plus a little bit of self-education in Web3.

    1. Content Influencer

    As a Web3 influencer in the regional language, you can educate about crypto in your known community. People will more likely rely on you and tend to try things based on your words. It works best when you fully understand the concepts and explain the terms in dummy languages.

    2. Community Manager

    Community plays a vital role in any project in Web3. Web3 projects hire community managers to maintain the safety and engagement of the community. These managers respond to questions from community members and control any unwanted activity by warning, banning, and muting members from the group.

    You might also need some web3 knowledge to make the community bigger.

    Responsibilities

    • Build, grow and manage the community primarily on Discord. 

    • Engage daily with community members on both Discord and Twitter to understand community sentiment and collect feedback to share with the wider team. 

    • Manage and scale and train a team of moderators as the community grows. 

    • Coordinate with the product and marketing teams, to establish a regular cadence of announcements, promotions and giveaways. 

    • Set goals for, track and report on community-related metrics ensuring upwards visibility as well as helping inform on metrics’ significance.

    • Schedule, manage and promote Twitter Spaces and other live events on Discord. 

    • Develop relationships with community managers from other communities.  

    3. Legal Professional

    Web3 is a decentralized space, evolving under an uncertain regulatory environment. Therefore, many illegal activities are most likely to happen.

    Here comes the need for legal professionals qualified with the knowledge of the digital and decentralized environment to protect digital transactions and assets.

    Responsibilities

    • Manages legal business matters pertaining to the Web3 + Metaverse organization

    • Reviews and negotiates agreements for traditional (entertainment, music, sports) clients and web3-endemic clients

    • Review and negotiate agreements for NFT, web3, Metaverse deals

    • Provides legal counsel and guidance to agents, clients, managers and other reps for NFT, web3, crypto, Metaverse matters

    • Develop strong relationships with, and earns the confidence of, agents, managers, attorneys, as well as business affairs executives at “buyer” companies

    • Shows initiative in staying current with the rapidly changing business environment and new

    4. Metaverse Architect And Interior Designers

    In the metaverse also, architects are needed to plan and layout cities and towns, whereas interior designers are required for functional, safe, and pleasing spaces.

Stop doubting and dive yourself into the world of Web3. Different people can have different solutions to make money, but there is no doubt it’s the future of the web and a wave to create fortune. And it’s the new way to prove your presence online. If you wish to make some good money, give a try a full plate of opportunities that this new technology is offering you. 

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