Dr Jay Feldman<\/a>, NFT sales range from 15,000 to 55,000 NFTs daily. You may believe that they only provide a temporary revenue boost. Each sale will allow you to reinvest into new NFTs to create more revenue.<\/p>\n\n\n\nNFTs can also generate passive income for your business and\/or company due to their underlying technology, which offers options beyond just selling for a profit.<\/p>\n\n\n\n
Here are some examples of passive income generated by NFTs<\/p>\n\n\n\n
NFT Royalties. You may be familiar with the concept of royalty payments as an entrepreneur. Simply put, royalty is one person’s payment for the right to use the product and sell it. This applies to both physical products and technology.<\/p>\n\n\n\n
The technology behind NFTs allows creators to set their own terms and impose royalty fees when NFTs are sold on the secondary market. This creates a passive income that goes beyond the initial sale.<\/p>\n\n\n\n
The creator could, for example, set an indefinite royalty payment of 5%. The creator will be paid 5% of the initial sale price of the NFT.<\/p>\n\n\n\n
Creators can use self-executing computer software to enforce contractual agreements due to the digital nature of NFTs. The creator can avoid the legal process for enforcing and tracking royalties contracts as well as manual tracking of payments by using fully automated software.<\/p>\n\n\n\n
You can make passive income by creating an NFT in your company or organization. This is done through the automatic payment of royalties. This allows you to concentrate on the other areas of your business that need your attention.<\/p>\n\n\n\n
NFT Renting. NFT rentals, a relatively new concept, are growing in popularity as an income stream for NFT owners. Blockchain protocols allow NFT creators and owners to rent their digital artwork out to interested parties for a specified time and at a fixed price. This ensures that they don’t lose ownership.<\/p>\n\n\n\n
There are many reasons why someone would rent an NFT. These include the desire to showcase the latest trend on social media and the inability or willingness to pay a premium NFT. Digital art is increasingly being recognized by museums and galleries. Renting can help creators of NFTs feel more at ease serving these venues.<\/p>\n\n\n\n
NFTs are becoming increasingly popular with businesses and organizations to access early access tokens, exclusive content and concert events. To gain access to these, an individual must have an NFT. An NFT can be rented to allow early access to a concert or gain exclusive access to it. Renting NFTs is an excellent option for entrepreneurs looking to increase their portfolios and generate passive income.<\/p>\n\n\n\n
NFT investments for humanitarian and charitable purposes<\/h2>\n\n\n\n
NFTs have become a popular and reliable way to raise funds for charities and social projects, as more businesses and entrepreneurs want to make a difference in the world.<\/p>\n\n\n\n
This allows the entrepreneur\/business to increase brand recognition by supporting worthwhile causes, increases public awareness of how that organization is committed to making positive change and allows for a charitable-donation tax deduction for a business.<\/p>\n\n\n\n
All of these can be used to increase overall revenue streams. This is the ultimate goal of an entrepreneur.<\/p>\n\n\n\n
Entrepreneurs have many options to diversify their portfolios, expand their brands, and increase their passive income streams. It is risky to keep all your eggs in one basket. Consider exploring how NFTs can help you expand your financial portfolio.<\/p>\n","protected":false},"excerpt":{"rendered":"
NFTs are the future, and entrepreneurs should diversify their holdings. Entrepreneurship can be risky. However, 90% of startups fail within 10 years. This doesn’t stop people who are determined to pursue their dreams of being their own boss. There is no substantial gain without risk. Inexperienced entrepreneurs make the costly mistake of investing all their […]<\/p>\n","protected":false},"author":13,"featured_media":23377,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[62],"tags":[7353,7811],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/mazingus.com\/wp-content\/uploads\/2022\/07\/images-10.jpg","_links":{"self":[{"href":"https:\/\/mazingus.com\/wp-json\/wp\/v2\/posts\/23371"}],"collection":[{"href":"https:\/\/mazingus.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mazingus.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mazingus.com\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/mazingus.com\/wp-json\/wp\/v2\/comments?post=23371"}],"version-history":[{"count":1,"href":"https:\/\/mazingus.com\/wp-json\/wp\/v2\/posts\/23371\/revisions"}],"predecessor-version":[{"id":23378,"href":"https:\/\/mazingus.com\/wp-json\/wp\/v2\/posts\/23371\/revisions\/23378"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mazingus.com\/wp-json\/wp\/v2\/media\/23377"}],"wp:attachment":[{"href":"https:\/\/mazingus.com\/wp-json\/wp\/v2\/media?parent=23371"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mazingus.com\/wp-json\/wp\/v2\/categories?post=23371"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mazingus.com\/wp-json\/wp\/v2\/tags?post=23371"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}