NFTs are now the main source of income for UK freelancers offering Metaverse services

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A new study from Fiverr has revealed the earning potential of Web 3.0 services, including NFTs (non-fungible tokens), metaverse, augmented reality (AR), and artificial intelligence (AI).

The online marketplace surveyed 1,000 UK freelancers in early 2022 and found that many had already successfully leveraged Web 3.0 to integrate their portfolio and boost their income, with 87% revealing they had already made a profit offering these services.

Fiverr’s analysis also revealed that more than three in four freelancers (77%) plan to improve their current service offerings in line with the growth of Web 3.0, showing a propensity to embrace innovation.

And for good reason: UK freelancers predict they could earn an extra £2,300 per month on average thanks to Web 3.0, with 37% believing they could earn up to £3,000 and 20% believing they could. up to £4,000.

Freelancers cash in on NFT and Metaverse services

NFTs have become a buzzword in 2022, with celebrities and entrepreneurs capitalizing on this new digital trend.

Fiverr research shows that freelancers are also spotting the wealth of opportunities they offer, with more than half (56%) already taking advantage of NFTs.

Gen Z, in particular, shows greater optimism towards NFTs compared to other Web 3.0 technologies, with 60% viewing NFTs and auction platforms as a serious market for professional growth.

While the potential and evolution of the Metaverse is largely unknown, data also shows that 44% of freelancers are already offering their services.

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UK freelancers also recognize the potential of other Web 3.0 services, including AI and AR, with almost a third (32%) saying they see opportunities to integrate AI into their work, and a further 34% for the AR.

Commenting on the results, Peggy de Lange, Vice President of International Expansion at Fiverr, said: “Following the pandemic, the entrepreneurial spirit in the UK continues to shine as savvy online freelancers transform new digital trends in earning potential.

“As with all new technologies, future widespread adoption is uncertain, but online marketplaces like Fiverr have an important role to play in providing a platform for freelancers to pivot their services around these trends, to a time of meteoric growth.”

DISCLAIMER: Nothing in this article should be read or understood as financial and/or investment advice. Readers should take their own financial advice from a suitably qualified independent financial adviser before making any investment decision.

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