Earn Passive Income from NFTs with EverGrow Coin’s NFT Marketplace

by Analytics Insight
Apr 2, 2022


About 28.6 million portfolios traded NFTs last year, but not everyone made a lot of money.

The money flowing into NFTs was equal to the funding the World Bank made available last year to buy up COVID-19 vaccines. Total NFT sales in 2021 were $25 billion according to market follower DappRadar — a huge increase from $95 million in sales in all of 2020.

About 28.6 million portfolios traded NFTs last year, but not everyone made a lot of money. While Beeple’s “Everdays – the first 5000 days” at Christie’s sold for a record $69.3 million, the most common NFT sales ranged between $100 and $1,000.

In addition, only 10% of traders were responsible for the vast majority of trades (85%). This leaves a huge stock of low to medium value NFTs in millions of digital wallets.

How To Make Passive Income With NFTs

The most common way to make money with NFTs is through trading. You bet an NFT for action on one of the best marketplaces like OpenSea and hope someone meets the minimum bid requirements. Unless you’re an artist or owner of one of the better-known NFT collections (like BAYC or Crypto Punks), you’re unlikely to break the $1,000 mark.

This is true EverGrow CoinThe NFT marketplace comes in. EverGrow Coin launched as a project to help crypto newcomers and experienced investors earn passive income from digital assets. This started with EverGrow Coin becoming the main reflection token on the BNB chain (over $35.5 million BUSD paid to investors since September last year) and will continue next April with a new NFT marketplace.

In a preview video of the marketplace, EverGrow Coin chairman Sam Kelly touches on the innovative Loans tab in the main menu. This is a first in crypto. When the NFT marketplace drops in April 2022, it will be the first to allow users to borrow crypto using only their NFTs as collateral.

The mechanism, built on the fast and secure BNB Chain, offers NFT owners a whole new way to access crypto and see how it works to give them passive income.

EverGrow Coin’s NFT Marketplace Goes Meta

Before the end of 2022, the NFT marketplace will also launch in the first metaverse of its kind. EverGrow Coin’s partner Objective Reality Studios recently offered a look at the virtual gallery where users can buy, trade and borrow their NFT assets, all within one metaverse called The Abstract.

The Abstract not only combines a virtual crypto exchange (which looks like a luxury bank) and play-to-earn games streaming in the cloud, but also provides easy access for crypto newbies. The Abstract will serve 50 million American citizens with VR headsets, many of whom don’t have the computing power to play high-quality games at home.

What this means for NFT owners is a marketplace that does not compete directly with existing platforms like OpenSea, but brings in its own user base to buy, sell and borrow against NFTs. EverGrow Coin has announced that the NFT marketplace will disappear in the coming weeks as its team of top development and investment professionals fine-tune the final interface.

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Analytics Insight

Analytics Insight is an influential platform dedicated to insights, trends and opinions from the world of data-driven technologies. It tracks developments, recognition and performance of companies in the fields of artificial intelligence, big data and analytics around the world.

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