In 2021, $24.9 billion people had invested in NFT.
After watching the record-breaking progress of non-fungible tokens, users gained interest in NFT investment. After seeing such a busy market of non-fungible tokens, many different ways have been established.
Now, we don’t need to spend hours performing research on price history. You can generate passive income with NFT. Easy methods, no pain, and maximum game. Let’s discuss some tactics of generating passive income through NFT:
Staking an NFT is the best way to generate passive income while staying at home. If you know proof-of-stake then understanding staking NFT will not be difficult for you.
The procedure demands some spare NFTs. You need to stake your NFT on the blockchain. As a result of which you are going to earn a profit from blockchain platforms. Keep in mind that staked NFT is not suitable during the time of stake.
Gamers want to experience valuable and expensive NFT in games. But due to the high price of precious characters, instead of buying, they prefer to rent NFT.
One-time investment and lifetime benefit. Invest in a good NFT for once and after that rent it. You as an owner of NFT can set the price and period. The tenant needs to return the NFT after a specific period. Find another tenant and offer it again for rent.
Following any of the above methods, you can generate passive income with NFT without any problem.