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Investing in NFT Stocks |  Forexlive


The merger, the World’s most expensive NFT created by digital artist Pak has sold for US$91.8 million as nearly 30,000 NFT collectors rushed into the action.

And while these numbers leave many people shocked and amazed, the NFT craze is still far from over.

In fact, did you know that by simply owning an NFT, you could earn passive income? There are many ways to be exposed to NFTs, so let’s get into them.

What is an NFT?

To put it in simple terms, NFT stands for Non-Fungible Token, which is a cheeky way of saying that it is a completely unique token that cannot be duplicated.

Now the version of NFTs that people are familiar with is jpegs, however, it is important to make the distinction that the NFT itself is not just the image you are looking at, but rather a token identifier on the blockchain which is associated with the image URL and therefore represents the image you are looking at.

This means that since there is no image data on the blockchain, what the token does is just pointing to the image file, which means it could also point to several other different things such as names domain name, someone’s deed, etc. that is why they are extremely versatile and likely to revolutionize the very concept of ownership.

Invest directly in NFTs

While some take an active stance and wildly speculate on NFT Marketsswapping them like NFT Actionspassive income is actually also possible.

So yeah, those cat avatars and jpegs and such nft-art can earn you a considerable amount of money if you use it correctly.

Invest in NFT stocks

If you’re not an artist and find NFT markets confusing, there’s another way to earn NFT Exhibition: via NFT Stocks.

Many companies have leaned into NFTs, either operating in their market or selling them.

Big names include Coinbase Global, Inc (COIN), Draftkings Inc. (DKNG) a sports betting and fantasy sports company, Chiliz (CHZ) and eBay Inc, (EBAY).

Role of Blockchain stocks

There are many publicly traded companies that are integrating blockchain technology into their operations, either directly or through the offering of blockchain-related services. Others simply play a role in the crypto industry, either focusing on crypto or fostering blockchain innovation.

Some of the most established blockchain stocks are: Nvidia (NVDA), the leading maker of GPUs and graphics cards, Block (SQ), formerly known as Square, Mastercard (MA) and IBM (IBM).

What is the place of passive income NFTs?

so speculative NFT stock trading sounds like a FOMO-induced proposition, but there are some nifty new ways to earn a steady stream of income from others NFT Apps.

Just as content can be monetized online, content creators can also create NFTs of their works and sell them with the promise that anyone who buys them will receive a portion of their ad revenue.

The central idea of ​​a Passive Income NFTs is the notion that having a digital representation of the physical asset adds value.

Take the example of the entertainment industry.

If an up-and-coming band is about to release a new hit song, they can monetize it on a popular streaming platform, which means they’ll earn a percentage each time someone buys or streams it ( through advertisements).

However, if artists decide to stray from traditional means, they can simply turn that song into an NFT and sell some of those monetary rights for a period (or in perpetuity), so the owner of the NFT would also receive their or his cut.

This allows audiences and fans of the artists to engage with the band, have their skin in the game by investing in their project, and most importantly, earn rewards along the way.

NFT Monetization

Thus, this logic makes the concept of NFT Monetization can be extrapolated to other areas like social media or video with creators on Youtube, Vimeo, Odysee or any other blogosphere platform, social influencers, etc.

Therefore, investors can support creators’ projects in new and unique ways and passively earn their fair share.

Actual NFTs and their “escape” into the real world seem inevitable, and even for those short on capital, there are plenty of investment opportunities and a steady, long-term stream of income.

You just gotta play your cards right.

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