The meta-universe has grown astronomically in the last few weeks, with people spending millions of dollars on virtual land. Investors like 37-year-old Robert Doyle are already making money from these assets.

Doyle owns a virtual machine shop and bank in a meta-universe that isn't even fully operational yet, and according to cryptocurrency wallets shown to Insider, he's made almost $100,000 in six months.

Polka City, where Doyle's virtual property is located, is a gaming platform in the meta-universe, launching in 2021. Players can buy non-exchangeable tokens that represent virtual taxis, petrol stations, billboards and even motorbikes. They then earn weekly interest paid in the platform's own token, polkacity or POLC.

 
While the game itself is scheduled to launch soon, users can already own and trade digital assets. The platform roadmap describes the game as "GTA of Cryptocurrency", as a reference to the iconic "Grand Theft Auto" video game series, which is set in a virtual world.

"I really think it could be a billion dollar game. So if this game reaches a billion-dollar market cap, the price of the token could be $30, $40, $50, depending on what happens. quite some time in the future, because the game hasn't even launched yet," Doyle told Insider.
 
Doyle has accumulated 111,646 Polkacity coins, which have risen in value by almost 500% in the last 12 months. At Friday's price of $0.8719, they are worth $97,344.15.
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Most of them came from an auto repair shop owned by Doyle. He said that once the game is launched, he would also receive money from people using his auto repair shop and would get 25% of the POLC credit fee from his virtual bank.
  
The game's roadmap reveals the potential profits from ownership in stages. According to the plan, owners of virtual discotheques and art galleries in Polka City should profit from them by the end of 2021.

NFT, which represents assets in the meta-universe, was not cheap. An auto shop cost Doyle $23,000 and a bank cost $3,500, he said.

"These (assets) are really needed for the final stage of the game. So it's going to pay off over the years. It's pretty incredible. Like I can pay my mortgage, health care, car payment, food for my family just this NFT - isn't that crazy? " he said.

Metacities have existed in various forms over the years. But Facebook's decision in October to rename itself Meta helped accelerate the boom in interest.

Two and a half years ago, Doyle was a real estate agent. Now he says he makes his living from cryptocurrency and related projects, nodes, stacking and mining. He also runs Cryptonairz, a crypto research company that helps people earn passive income.

Doyle warned that this approach to investing comes with risks.
 
"It takes time to understand what you're getting into. You need to look at market capitalisation, you need to look at the team, you need to look at development. You need to look at the community," he said.

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