NFTs have several use cases. But for the most part, they are known only for their collectible value. However, there is so much more to NFTs than that. NFTs provide a means of passive income for many, whether they are content creators or investors. If you are the former, then you can mint your work as an NFT, sell it, and earn royalties every time it changes hands. If you belong to the latter group, you could earn on NFT gaming marketplaces by completing missions within a game and earning rewards. Some allow you to sell or rent your NFTs, supplementing your income. Yet another option is to earn staking rewards by staking your NFTs. You can further maximize your earning by reinvesting it in another platform - a process called yield farming. NFTs, therefore, offer you a plethora of options for passive income. But make sure you do your due research before diving in!
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