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 How To Make $50 a Day with NFT Passive Income (NFTs explained)

 

It's no secret that NFTs are blowing up, but passive income NFTs what are those cyber collins were up until recently making 900 a day just by holding one nft and while. They're quite expensive right now initially they were sold for 0.1 Ethereum or a couple hundred dollars.

 So today I want to talk about 5 ways NFTs can generate passive income including nft staking , NFTs airdrops , nft mining , and a few more.

 Now you probably know how a blogger’s makes money based on the amount of views a pages and articles gets we earn something called rpm aka revenue per thousand, now this rpm can depend on a lot of factors for example how long people seen t ads for their geographic location and basically the rpm times the amount of views is how much a Bloggers and youtuber get paid for ad revenue.

 Now this is an example that whiteboard crypto did ; let's say i made 50 nfts for a particular article and they sell them then those 50 nfts get 50 of all the income that this article  makes ; so 50 would go to me and 50 would go to the 50 nft holder.

 So just like buying stock in a company you could this way buy stock in a certain article that you think would pop off or even a stock in a particular Blogger . Now while I’m not doing that because of well law reasons that would be considered a security and I don't think that's very illegal I thought it would give you a good example of how passive income nfds actually work.

 A good example that already exists is the san vegas casino club which is a casino inside the metaverse they will exist inside the sandbox in inside the central end , which are two of the most played and talked about metaverse games right now or playtorn games.

 If you will they have a collection of eleven thousand one hundred and eleven so called gambler and of these and all those entity holders will share fifty percent of the profit that the casino inside the metaverses makes. And right now they're using the revenue generated from the nft sales to actually buy the plot of land and set up the casino.

 They've already given a bid of 100 ether to buy a plot of land next to snoop dogg inside the metaverse yes next to snoop dogg the rapper this is getting ridiculous and the profit that people who hold the nfts will share; is made by betting so inside the casino all the players will be able to bet all kinds of different events from poker to horse racing boxing, shooting range in the central and there will also be a blackjack roulette slots.

 So what do they mean by nft airdrops in the beginning it's when an nft project gets launched alongside with a token so a good example here is brx and obviously by no means is this financial advice all I’m doing is trying to make you understand how impactful these nfts will be in the future and what you can do even right now with the mop what people are doing already.

 Basically barrax is a collection of 3700 bears, so jpg nfts and again  this is by no means a recommendation but whoever holds one nft gets 10 root tokens a day which at current pricing is around 10.

 

 So let's say you own five of them that will give you a passive income of 50 a day all of this can obviously shift up or down depending on the price of the root token which doesn't really have the necessarily high volume and isn't traded all that much.

 So there might be a lot of selling pressure from the nft holders and it might drive the price down but then again it might not it's all speculative at this point ,so right now the cheapest beer is 0.14 ethereum which is 0.7 ethereum for five of them or its current price is two thousand seven hundred and thirty dollars.

 But if we're making fifty dollars a day with this nft collection that's roughly 1 500 a month as long as the price of their token doesn't drop too drastically which it totally can even overnight so there's a big element of risk but it's a very good proof of concept as to how good the ROI.

 So according to the united states law investments that would classify as securities first need the existence of an investment contract second the formation of a common enterprise third a promise of profits by the issuer and fourth the use of a third party to promote an offering.

 As a result nfts may be classified as securities if they make passive income another way you can earn passive income is by renting out nfts

 Now this is one of the best ways in my opinion that the nft space will totally blow off and here's a good example of how you can rent or lend your nfts this platform nft allows users to rent or lend their nfts and allows the lenders to set a maximum borrowing period and set daily rates which currently range between 0.002 and to ethereum .

So you can even go to their platform and see which nfts are available for rent if you do want to rent them yourself or if you're an investor who has a lot of nfts and wants to rent them this is a good platform to use for renting them out the platform works with smart contracts.

 So the lender or renter whatever you want to call them can actually set the rates so the daily rates, and they can also set the borrowing time, so they can set for example the time for two days only which means their nft can only be borrowed or rented or landed whatever one in college for two days after which it gets returned to the original wallet by the smart contract.

 Now this is especially useful for platon games for cryptocurrency games that have a very high value of nfts like x infinity splinter lands uh even gods unchained there's just so many games that have very high nft prices and renting them out for people who just want to play to earn a little bit of income is going to come a long way.

 Now we'll just touch on the topic of staking your nft .So a lot of you have probably heard about staking your coins , so let's talk about staking your nfts basically for those of don't even know what renting coins is .

 

 

You lock away your coins for a certain period of time and you generate a yield or an interest of return. Basically nfts work the same way for nfts that have that function you can log them away for a certain period of time and in the meantime they will generate a yield all of this works with smart contracts on the d5 protocols or the the centralized finance protocol in some cases parts of the rewards are distributed to stakers in the governance tokens.

 And such protocols can allow the holders of the tokens or the nfts to actually vote on the future of the company they're invested in or the coin the project whatever you want to call it it's all the same. It  just has all kinds of different names.

 let's also touch on the topic of nft mining . Its works is similar to nft staking ,you just lock it away as a form of stake and you would earn mining rewards .So this is kind of like buying stock in a mining company. It just goes through an nft which is super cool .

I am  not really sure about the legality of nft mining but one thing is for certain they do exist and here's an example there's the enigma company or the enigma economy nft as they call it… they're basically a mining pool that according to their plan would mine bitcoin and ethereum and nft holders would share in that profit of bitcoin or ethereum or whatever they're mining the amount of ethereum or bitcoin earned by this enigma project which is determined by the rarity of the nft .

Now something I thought that  I wouldn't have time to talk about this , but we'll talk about how this will work  anyway .

For music artists and why it is so amazing for music artists? In my opinion and there's a very good example of a musician who sold 33 unique nfts for over 11 million dollars and now those nft holders get to share the profits that the album he made makes does that make sense.

 Basically his album is on spotify and all the streaming platforms and 50 of what the album makes the nft holders share that revenue. So 50 of that while 50 goes to the original album creator or the musician.

 The artist while these nfts weren't very cheap to begin with .They're not very cheap now at all but as they get resold and re-bought on the secondary marketplace the original artist actually gets a royalty on each and every single one of those sales.

 He gets five percent for every sale .So let's say in a week the secondary marketplace buys and sells for one hundred thousand dollars the original artist would make five percent on that royalty which would net him five thousand dollars for virtually doing nothing.

 So I hope you understand passive income nft… is a little bit better after this informal article (explaination)  if you do and you finish it until the end of this article make sure to leave a comment bellow .

Thank you .