NFT (Non-Fungible Token) is the only cryptographic token that exists on a blockchain and cannot be copied. NFTs are usually located on the ETH blockchain but some of them can also be created on other blockchains like Solana.
Today, the number of participants in the NFT market is increasing. Learn to get involved in the creation and sale of your NFTs with passive income from attractive prices. The global market volume of tokens increased 200% year-on-year (2021), to over $50 billion.
NFT coins are a form of cryptocurrency used to support NFT-based ecosystems
1. The Sandbox – SAND
Sandbox is a community-driven platform, users can monetize their gaming experience and voxel assets on the blockchain. There are several ways to earn passive income on the platform, like renting out their land. It includes business, entertainment, and advertising spaces.
2. Decentraland – MANA
Decentraland is the first virtual world entirely owned and created by users. This supermarket’s Decentraland virtual reality batches have seen massive popularity thanks to a $3.5 million lot. The platform uses $MANA as its native currency. Decentraland is an investor’s dream in the metaverse .
3. Gala Games – GALA
GALA is an NFT with passive income projects where users can create different games as NFTs and give them complete control over their assets. GALA describes itself as “the largest decentralized gamer network in the world” and gathers more than 1.3 million users every month .
4. Axie Infinity – AXS
Axie Infinity – AXS is considered the ruler of money games and is the best NFT with passive income projects.
AXS helps generate passive income by earning rewards for locking its tokens
5. Enjin – ENJ
Enjin describes itself as the largest online gaming community platform with more than 250,000 game communities and 18.7 million registered players.
6. Theta Network – THETA
The Theta Network team includes experienced media technologists and executives, with roles previously held at Netflix, Amazon, Samsung, Vimeo, and Salesforce.
7. Polygon – MATIC
Polygon has made potential forays into the metaverse and other projects. Polygon is a “layer two” or “sidechain” scaling solution that runs alongside the Ethereum blockchain.
8. CyberKongz
CyberKongz is the first NFT to use a passive income model using coins or tokens. These are avatars with randomly generated ape characters. NFT, originally 1000 tokens launched in March 2021, was sold out instantly.
3. How To Buy NFT Coins
Step 1: Open an Exchange Account
You can start setting up a virtual wallet from MetaMask or choose to open a wallet directly with a crypto exchange like Binance or Coinbase. A virtual wallet will help you keep your coins safe and highly secure.
Step 2: Buy Your NFT Coins
The process to buy NFT coins may vary depending on the platform you choose. As for Coinbase, it allows you to buy most NFT coins with funds from your bank account.
4. How to Get Passive Income From NFTs
Staking NFTs
Staking NFTs comes from the convergence of NFT technology and decentralized finance (DeFi) protocols. Users provide a token commitment for network security and transaction validation in PoS protocols.
Renting out NFTs
Earning passive income from NFTs by renting out your digital assets is also a good idea. This is a new trend because the utility got from NFT games offers attractive income.
Earning Royalties From NFTs
Innovators are looking for ways to bring their products to market to passively profit from NFTs through royalties. You can set the terms that apply royalties whenever your NFT trading is on the secondary market. This way you can earn passive income from NFT sale price in perpetuity.
Providing Liquidity With NFTs
The continuous integration of NFTs in the DeFi ecosystem lets you provide liquidity in DeFi pools and earn NFTs.
Source: https://libraryoftrader.net/best-nfts-with-passive-income