Over the past few weeks, the metaverse has increased, with individuals spending millions of dollars on the virtual ground. One of them is Robert Doyle, a 37-year-old investor making money from these assets. According to crypto wallets shown to Insider, he managed to make nearly $100,000 in just six months. He has done it with his bank in a metaverse (isn’t fully live at the moment) and a virtual car-repair shop.
Doyle’s virtual car-repair shop is in Polka City, a metaverse gaming platform launched in 2021.
Players can buy non-fungible tokens representing virtual gas stations, taxis, motorcycles, or billboards. Then, the owners of these properties can earn weekly interest paid in polkacity (the platform’s native token) or POLC.
Users can purchase and trade assets even though the game is scheduled to launch soon. The platform’s roadmap illustrates the game like the GTA of Cryptocurrency set in a virtual world.
Overview
Doyle told Insider that, in his opinion, this could be a billion-dollar game. He explained that if this game gets to a billion-dollar market cap, the token price could be $30, $40, or $50. And it will take some time to pay off, as the game hasn’t even launched yet.
Doyle has collected 111,647 polkacity coins, which have obtained nearly 500% in price in a year. On Friday’s price of $0.8718, these tokens are worth $97,344.16.
The majority of this outcome has come from his ownership of the car repair shop. He said that he would get more money from players using the car repair shop and around 25% of POLC loan fees from the virtual bank once the game launches. According to the plan, the owners of virtual art galleries and discos in Polka City would profit from these later this year. These NFTs were not cheap. He said he spent $23,000 to get the car repair shop and $3,500 for the bank.
