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With A Virtual Car Repair Shop, A Millennial Nft Investor Made Nearly $100k In 6 Months

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Crypto tocken NFT. Non fungible token. Vector illustration design.

People have spent millions of dollars on virtual land and other types of property in the metaverse world over the last few weeks, and investors like 37-year-old Robert Doyle are already profiting from those assets.

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Doyle owns a virtual car repair shop and a bank in a metaverse that isn’t even fully operational yet, and according to crypto wallets shown to Insider, he’s made nearly $100,000 in six months.

Polka City is a multi-blockchain metaverse gaming platform that launched in 2021 and is home to Doyle’s virtual property. Non-fungible tokens representing virtual taxis, gas stations, billboards, and even motorcycles are available for purchase. The platform’s native token is then used to pay them weekly interest.

Users already own and trade digital assets, according to the platform’s roadmap. The game itself will be released soon. In a nod to the cult “Grand Theft Auto” series of action games set in a virtual world, the roadmap refers to it as the “GTA of Cryptocurrency.”

“I do think this could be a billion-dollar game. So if this game gets to a billion-dollar market cap, the price of the token could be, $30, $40, $50 – depending on what happens and these will pay out for quite some time going forward because the game hasn’t even launched yet,” Doyle told Insider.

Doyle has amassed 111,646 polca, valued at $0.8719 on Friday, representing a gain of nearly 500 percent this year. The majority of it came from the auto repair shop. He claims that once the game is released, he will receive money from people who use his car repair shop, as well as 25% of polc loan fees from his virtual bank.

millienial nft 100k

The game’s roadmap indicates that there will be numerous releases. By the end of this year, the owners of virtual discos and art galleries in Polka City will be able to profit from their investments, while others will benefit from future releases.

The non-fungible tokens (NFTs) that represent assets in the metaverse were not inexpensive. Doyle said the car repair shop cost him $23,000 and the bank $3,500.

“These (assets) are really for the end-game. So this will pay off for years to come. So it’s pretty incredible. Like I can pay for my mortgage, my medical, my car payments, my food for my family with just this one NFT – isn’t that crazy?” he said.

Metaverses have existed for a long time in various forms. But it was Facebook’s decision to rebrand as Meta in October that sparked the recent surge in interest.

Doyle was a real estate agent two and a half years ago. He now lives off of cryptocurrency and related projects, such as nodes, staking, and mining.

He also runs Cryptonairz, a crypto research firm that assists people in generating passive income.

“I’m moving to Vegas next month, and right now I live in a four-bedroom townhouse in the Bay Area, which is about eight or 900 grand, but now with all of the metaverse income and the node income that I have, I can buy a $2-3 million house, so that’s what we’re going to be doing,” Doyle said.

“I promised myself that once I got a house, I would buy my dream car, which is a Ferrari, and so I have plans to go pick one of those up too. I’ve also been able to pay off debts.”

Doyle cautioned that this type of investment is not without risk.

“It does take some time to understand what you’re getting into. You need to look at the market cap, you need to look at the team, you need to look at the development. You need to look at the community,” he said.