DAOs and NFTs: Earning Passive Income and Contributing to Development

DAOs (Decentralized Autonomous Organizations) have created diverse applications in the NFT world. Through DAOs and NFTs, you can now easily earn passive income and contribute to the development of the DAO and NFT industry. How? And where do I start? Keep reading on to find out more.

DAO and NFT worlds

We all know DAO has a lot to do with the NFT world. All the way from governance to collective ownership and more. Typically, when you invest into NFTs, you need a significant amount of capital which not everyone can afford. But through DAOs, a group of NFT investors can own a high-value NFT without breaking their bank accounts, hence collective ownership.

Another critical role of DAO in the NFT world is governance. Through DAO, creators and fans can effectively come together and contribute to the development and governance by deciding the future of a specific NFT community and token. Today, several NFT projects run individual DAOs.

So, how do you make passive income from DAOs and NFTs?

1. Collective Ownership

DAO offers diverse ways to make money in the NFT world. One incredible way that doesn’t require a lot of capital is through collective ownership. With just a fraction of the actual amount of a valuable NFT, you can own it, thanks to DAO.

2. Dividend payment

DAO also makes money through dividends when investments are made through organizations. As such, people starting a DAO can earn money by convincing others to invest into individuals based on their business idea.  

3. Investment opportunities

Furthermore, users join the DAO since it’s an incredible investment opportunity. There is a range of DAOs, but the best of them share their capital with their participants through native tokens. You can as well buy the DAO native token in most crypto exchanges. 

And once the DAO does well, the price of the native token goes up, and you can sell it at a profit. Therefore, the potential gains coupled with the voting rights that come with owning these DAO tokens make them more valuable than most crypto tokens.

4. Employment

Additionally, there are no bosses in DAO, but that doesn’t technically mean you can’t get hired. Some organizations offer several gigs, for instance, in marketing, legal and content creation departments. And these jobs are dedicated to the globalization of cryptocurrencies.

5. Play to earn

Finally, you can play to earn and get a few coins on the side with DAO. Have you ever heard of Axie infinity? It’s an NFT-based game that leverages the power of blockchain so you can grow, exchange, breed and pit your NFTs against each other in battles while making money. The Axie tokens can be exchanged for items within the game.

In Summary: DAOs and NFTs

DAO and NFT offer a unique take on how we consider opportunities within the NFT world. More importantly, we are still discovering innovative ways to capitalize on DAO and NFT; hence we expect more from them. In the meantime, it doesn’t hurt to earn a few bucks on the side with the above tips.