3 Great Ways to Earn with NFTs
NFTs (Non-Fungible Tokens) have taken the digital world by storm. NFTs represent unique digital assets on blockchains that can be bought, sold, and traded on various NFT marketplaces. While NFTs have gained significant attention for their potential in the world of art and collectibles, they also offer exciting opportunities for earning income. In this article we highlight three of many ways to earn with NFTs: through blockchain based gaming, move-to-earn models, and NFT rentals.
Online gaming has been popular for a long time, but with NFTs, it can become more than just a hobby. NFTs have introduced a new dimension of earning real value to the gaming world.
Planet IX is a perfect example with players earning tangible value from their in-game NFTs representing various digital assets, such as characters, weapons, skins, or virtual real estate.
Play-to-earn models also empower players to monetize their skills and expertise, with many games offering up NFTs as rewards for completing challenges, winning tournaments, or achieving high scores.
Evaverse allows players to craft new NFTs, acquire and upgrade user-generated content and to activate Battlepasses to earn exclusive rewards. This encourages competitive gameplay while also providing players with ownership of in-game assets.
Move-to-earn models such as Step offer a unique way to earn income with NFTs by combining physical activities or real-world experiences with blockchain technology. Another move-to-earn model, Dotmoovs, rewards users with NFTs for achieving their fitness goals or completing challenges.
NFTs can be earned and used in a variety of move-to-earn applications, such as virtual reality experiences, educational platforms, or skill-based challenges. This innovative approach incentivises users to earn income from their physical activities or real-world experiences by leveraging the value of NFTs in the digital world.
NFT rentals are another innovative way to earn with NFTs. Just like physical real estate, virtual real estate in the form of NFTs can be rented out to other users, generating passive income.
For example, virtual worlds or metaverse platforms like Decentraland and The Sandbox allow users to purchase virtual land as NFTs. These virtual lands can be developed, customized, and rented out to other users for various purposes, such as hosting events, showcasing art, gaming and much more.
NFT rentals also extend beyond virtual real estate. reNFT allows holders to rent out their NFTs to be used to attend exclusive events, claim rewards or use within games to increase earning power, so the rental model is generating income for the renter and the owner.
In conclusion, NFTs have opened up exciting opportunities for earning income in the digital world. Through gaming, move-to-earn models, and NFT rentals, users now have the ability to unlock new ways to monetize their digital assets.