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These NFTs Pay $57 Per Day in Passive Income! - YouTube
Channel: Max Maher
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Just recently, CyberKongz holders were earning
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$800 a day by holding a single NFT.
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Now, of course, these NFTs are now very expensive.
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However, they were originally priced at 0.1 ETH
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or a few hundred dollars each.
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That's the price point that you would want to get in at.
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So here's how this is going to work.
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I am going to share with you
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And then I'm going to give an example of a project
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that uses each of those methods
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to earn passive income.
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The first type is what I'm calling NFT dollar drops.
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Now I came up with this term because
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I haven't come across a better
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name for this method yet.
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So if this term picks up steam,
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you know where you heard it first.
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Basically how this works is
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an NFT project will launch
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alongside a native token.
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NFT holders are then rewarded a
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certain number of tokens on a regular basis
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simply for holding that NFT.
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Usually it's done daily.
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This can be very profitable
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if the NFT token takes off in price.
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An example of this, and by no means
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is this a recommendation to buy, is BearX,
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a collection of 3,700 genesis bears.
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By owning a BearX NFT,
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holders get ten $ROOT tokens a day
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which, at current prices, is about $10.
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This means by holding five BearX NFTs
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that's about $50 a day,
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If you could manage to purchase five BearX NFTs
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on the low end, you'd be paying anywhere
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between $10,000 and $12,000
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and this would generate about $1,500 a month,
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which is a pretty insane ROI.
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Now again, income on BearX
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is subject to the price of the $ROOT token,
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which could be a little bit concerning.
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The volume of the chart looks very poor and the
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price is continuing to decrease.
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So just be careful before
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aping yourself into any new project
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because there are plenty of cool projects
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like this one, that you can earn money off of.
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One thing you'll notice about this collection
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is, they say on their home page
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$ROOT is made as an extension to the BearX ecosystem
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and is a utility token but predominantly built for fun.
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It is not an investment and has no economic value.
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This shows me that the BearX creators
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are well aware of OpenSea's terms of service
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regarding passive income with NFTs.
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And it's really important that you understand
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what I mean here.
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Regulators may begin to consider
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income earning NTFs as investment securities.
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In the US, according to the Supreme Court,
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anything that meets these four criteria
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under the Howey rule, are considered
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an investment security.
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First, the existence of an investment contract.
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Second, the formation of a common enterprise.
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Third, a promise of profits by the issuer,
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and finally, use of a third party
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to promote an offering.
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This means NFTs could be considered securities,
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especially if they offer passive income.
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And because of this, OpenSea forbids
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any NFT project that advertises
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paying out real passive income to its holders.
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Now this isn't a legal issue.
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OpenSea simply just doesn't want to deal with
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the bureaucracy of the SEC
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in case there is an official decision
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made down the road against
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passive income with NFTs.
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So for now, it's a bit of a gray area
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and you need to proceed with caution
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and none of this is financial advice.
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This is all for entertainment purposes only.
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All right, now that it's only degenerates
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watching past this point, let's just go ahead
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and continue, shall we?
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Because the second type of passive income
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through NFTs is Profit sharing.
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This is really interesting.
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NFT projects make money through direct sales
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and through royalties on future trades,
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and certain NFT projects will share this
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income with NFT holders as a kind of
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thanks for being a member and an incentive
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to stay a holder because you keep making money.
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Now what's really interesting is
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Now what I mean is if you earn enough passive yield
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holding your NFT, you may be able to
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collect enough rewards and sell them off
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to cover the original cost of your NFT.
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That's kind of the big brain method because
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then you're not worried about the immediate price
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because you already recouped your entire investment.
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Now, one project that does profit sharing
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is called NoiaDucks.
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They're a collection of 1000 NFTs, which
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to me kind of looks like CryptoPunks with ducks.
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Honestly, it's a little bit unoriginal,
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but either way, they caught my eye
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when I saw a tweet about the project's
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generous 100% royalty and 51% profit sharing
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from the marketplace.
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Because they have such a low supply
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of only 1000 ducks,
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But of course this depends on volume traded.
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The average NFT here is selling for around
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$3,000, so it doesn't take much
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for the community to earn some pretty good income.
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Now another thing that I want to point out is
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So here's a few questions that you should ask yourself.
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NFTs can be really volatile
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if something goes wrong in project,
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and this can just crash the value.
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If you're going to invest in
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passive income earning NFT projects,
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because this will help you ensure
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you don't miss anything important
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if you have to sell.
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Like I said earlier, there's a lot of opportunities,
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so there's no point in investing in
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a stinker that is stressing you out.
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I'll have my free NFT checklist
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linked in the description for a good starting point.
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Something else you may be interested in
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is a better place to buy and sell NFTs.
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This is because I have partnered with FTX who just
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expanded their NFT platform in a big way.
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And the reason I happily partnered with them
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is not only because I'm a huge SBF fanboy,
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but because they're making huge improvements
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within this space.
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The reason this is special is because of gas fees.
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I've bought NFTs in the past and it
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always kills me to pay $50+
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just to make the transaction.
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FTX allows you to buy Ethereum NFTs
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with no gas fees on bidding,
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buying, selling or listing NFTs
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and platform fees are 20% lower than OpenSea.
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They're able to do this by offering
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in-house custody of assets, which
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also offers great security.
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FTX is actually the only
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platform that allows you to purchase both
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Ethereum and Solana NFTs in one
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single place, and they're also the first
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open NFT marketplace to allow mobile trading
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on their FTX app.
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I'll have them linked in the description below.
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The next form of passive income is through NFT staking.
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This is very similar to the
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dollar drop method that we mentioned earlier
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with an additional step of staking.
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Again, this is smart because it incentivizes people
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to buy and hold longer term
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instead of continually flipping their NFTs.
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One project that does this is Wulfz NFT.
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Well, currently they don't have a website.
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They do have a strong community
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and high engagement on their Twitter.
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Owners of Wulfz will be able to
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stake their NFTs in order to earn
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$AWOO tokens every day.
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Sometimes I wonder what I'm doing with my life
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reporting on $AWOO token.
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The next form of passive income
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through NFTs is through mining.
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This is a really interesting one.
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So essentially how it works is you would buy an NFT,
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stake that NFT and then
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So it's kind of like buying a share
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in a crypto mining company through an NFT,
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except I'm sure that they have to legally say
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they do not offer an expected return on investment,
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otherwise they would fall into that
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investment security territory.
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Now, one project that's doing this
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is called Enigma Economy NFT.
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They're a mining collection that will mine
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Bitcoin and Ethereum according to their roadmap.
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This means instead of being paid in an NFT's
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native token, like $AWOO,
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you'll be paid in Ethereum or Bitcoin
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or whatever a project is mining.
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For Enigma, the amount of Ethereum mined
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per NFT depends on the rarity traits
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of the NFT that you purchased
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and also the earnings that you're making
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are going to change, of course, depending on the
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price of Ethereum or whatever you're mining.
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So let's say the price of Ethereum stays at $4,000
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and you're earning at the low end of
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half an ETH per year
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with your Enigma Economy NFT,
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which is $2,000 per year.
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To earn $57 a day with NFTs,
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you need to be making about $1,700 a month.
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To make close to this amount with these
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NFTs, you would need to own ten of them.
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Ten of these at the cheapest price,
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which is 0.25 ETH would cost around $11,750
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for something that makes you $20,000
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per year doing nothing.
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That's not a bad potential investment.
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However, again, this space is very new
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and very volatile, so don't ever
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expect best case scenarios.
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Now the last type of passive income I want to discuss
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is renting your NFTs,
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specifically through play-to-earn games.
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With many play-to-earn games,
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you have to buy an expensive NFT upfront
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in order to then play the game and start
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actually making money with that game.
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Once a game becomes popular,
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these NFTs can get really expensive
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and because of this, a new market has
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cropped up and this actually might be my
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favorite version of passive income on this entire list.
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NFT Renting.
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You see what I'm getting at here.
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So you can own an NFT
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that others want to use in a game,
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and you can start earning money by renting it out.
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Vulcan Forged is a game that will allow
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allow exactly this to be possible.
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Land in the VulcanVerse is an NFT.
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This land is needed for players
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to unlock new assets.
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Those who can't afford to buy NFT land
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within the VulcanVerse will need to rent it.
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Those people who rent the land can then
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play the game and actually start making money
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from the game.
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And this is important because
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on the Vulcan Forged marketplace,
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some of the land is insanely expensive,
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selling for 845 PYR tokens
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or about $32,000.
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So as crazy as it is to buy
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or rent digital land that costs $32,000,
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like as much as some real land,
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this is one of my favorite methods for
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NFT passive income because it's so easy to grasp.
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You know, renting assets is already a thing.
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If I want to go drive a tank down my street,
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I'm going to rent a tank
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because I definitely don't want to keep up with
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tank maintenance myself.
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So the key to earning passive income with NFTs
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will be doing a massive amount of research
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upfront to ensure all the boxes are checked.
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You want to ensure there's a solid team,
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a solid idea, and a solid community
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behind the project to help hedge
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your downside risk.
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And if all of that work sounds like
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too much work, you can always just stick to
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good old yield farming altcoins
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or lending out your crypto.
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In fact, I just did a video on
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how to get the best possible rates
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when lending out your crypto, that you definitely
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need to check out next.
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I'll have this clickable on the end screen.
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So we sure live in the best time ever to make money.
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This is pretty darn exciting.
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And if you want more money making content and
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access to my portfolios, check out my Patreon
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community, linked in the description, for as little as
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$10 a month.
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Now I would just like to thank you so much for watching,
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and I hope you have a profitable day!
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