NFT market is flooded since 2021 transforming into a major sector of the crypto industry. As per the analysis, the total amount consumed on purchasing NFTs exceeds $12.6 billion at the start of the year.

While diverse NFTs are created, purchased and sold using Binance Smart Chain, affordable gas fees can make the process more preferrable. Anyone can afford and mint NFTs of their choice. The BSC-based projects now offer rare and exclusive NFT collections to mint and trade for profits.

To trade for expensive feature, many investors and creators readily try to offload their NFTs preferring the secondary marketplaces. However, there are still many ways to generate an income from NFTs rather than selling them putting up a higher price than the users have paid/created them for.

The tactics to earn passive income specifically for a crypto holder is one of the most fascinating facets in this crypto ecosystem. Either lending tokens in DeFi lending pools, assets yielding and farming, or staking tokens, there are a plethora of scopes to earn income on every crypto investment.

Earning Passive Crypto Income

You can now earn crypto passive income using various methods and platforms; however, it is crucial to consider the amount and value of money you are looking to invest. As some passive income openings are more capital intensive in comparison to others, while some requisite more research and time than others.

Remember that cryptocurrencies are susceptible and might fluctuate to strong market corrections. In fact, the price of the specific asset that the user HODLs might falls or can also eat into the percentage of user’s passive income earned. YearnNFT uses an innovative approach to offer exclusive passive income, and let them earn while inventing and creating to an NFT.

How to generate Passive Income from NFTs?

Rent out NFTs- The user can earn passive income by renting out the NFTs those in high demand.
NFT Royalties- The creators can earn passive income by selling their creations within the market stats to collectors and attain royalties.

Stake NFTs- The user can stake their assets and NFTs by depositing, or locking away crypto assets into a decentralized protocol smart contract.

Examples of platforms that facilitate NFT staking include:

Liquidity to Earn NFTs- Due to the integration of NFTs and DeFi protocols, now users can enjoy greater liquidity and earn NFTs in return to own the position in any liquidity pool.

Adopt NFT-Powered Yield Farming- Many people are looking to farm for yields using NFT-backed products. They are leveraging diverse DeFi protocols to create the highest possible yield with the crypto assets owned.

Earn 500 BNB Worth Passive Income | 1 NFT Holdings of 1 BNB as a Reward

Looking at the low market cap, if any buyer holds YFNFT tokens, the person will be able to hold and earn tons of profit per day in millions worth passive income based on the average trading volume of 5% of the total sold value for the owner and 3% of the total sold value for the creator.

The passive income comes with 2 types of slots-

1. Every time the NFT is sold, the Creator will receive 2% of the total sold value.

2. Every time the NFT is sold, the Owner will receive 5% of the total sold value.

YearnNFT Ecosystem is developing and introducing diverse products and decentralized applications to raise the utility of YFNFT Tokens along with its trading volume. YFNFT team is the world’s first DeFi NFT minting project to occupy the trader’s spot. The entire project is deployed on Binance Smart Chain network.

Soon, the YearnNFT Finance protocols and token assets will reach 300x value, as this is the world’s first low supply NFT token. The team has also announced its standard whitepaper and streamlined roadmap. On the other hand, YFNFT token presale is live since 19 November extended till Jan 5, 2022.

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