There are different ways to make money in the web 3 (crypto) space.
A. Crypto Trading
1. Spot Trading: here you can buy crypto coins at a low price and sell the coins at a higher price on exchanges.2. Futures Trading: futures trading allows traders to bet on the future price of cryptocurrencies using a certain leverage. Here you can choose to buy (long) or sell (short) the market.
Keep in mind that futures trading involves significant risks
3. Margin Trading: here you can trade with borrowed funds to get potential gains.
4. P2P Merchant trading: you can choose to be a merchant and sell/Buy crypto coins to people in their local currency in an exchange.
B. Crypto Investing
1. Holding: holding onto cryptocurrencies is just simply holding a coin for long-term appreciation and sell later.2. Staking: you can stake your coin to get additional reward on exchanges and sometimes on Launchpool when a new coin is set to be listed.
3. Lending: this involves lending cryptocurrencies to earn interest.
C. Mining and Validation
1. Mining: here you can solve complex mathematical problems to validate transactions and earn block rewards.2. Validation: this is about participating in proof-of-stake (PoS) or delegated proof-of-stake (DPoS) consensus mechanisms.
3. Airdrops and Giveaways: participating in airdrops and giveaways, receiving free cryptocurrencies or tokens by completing certain tasks.
D. Creating and Selling Digital Assets
1. Creating NFTs: designing and selling unique digital art, collectibles, or other assets and sell on sites like OpenSea.2. Developing and Selling Tokens: you can create and sell cryptocurrencies or tokens.
E. PARTICIPATING IN ECOSYSTEM
1. Participating in ICOs/IEOs/STOs: you can invest in initial coin offerings, initial exchange offerings, or security token offerings.2. Joining DAOs: participating in decentralized autonomous organizations (DAOs), contributing to decision-making.
F. EDUCATION AND CONTENT CREATION
1. Creating Educational Content: you can create crypto content on social media, develop and sell online courses, ebooks, or other educational resources.2. Streaming and YouTube: monetizing cryptocurrency-related content on streaming platforms or YouTube.
3. Promotion and Partnership: you can partner with crypto firms, exchanges and projects. You can as well do promotional content for them.
4. Consulting and Advisory: you can provide expert advice on cryptocurrency investments, trading, and adoption.