Some unusual ways to make money with blockchain
When most people think about crypto, the first thing that comes to mind is trading. Buying and selling cryptocurrencies might be the biggest movers of the market but there are several other applications and opportunities for investors.
These avenues offer an extra stream of income for those who do not want the volatility of the trading markets. Read along as we explore some of the unusual ways of earning income via the blockchain.
SELLING YOUR PERSONAL DATA
A world controlled by the internet is a world in which personal data thrives. And this data is coveted by big platforms such as Meta, Google and others. This data varies according to the platform and can include your browsing habits, where you love to shop, your favorite video collection, places of travel, and so much more.
Whatever data it is, there’s someone out there willing to collect, sort and sell it to the highest bidder. With the rise of blockchain technology, users can now sell this data, make money, and turn the data selling racket on its head. A new entrant, Cirus, is offering users the opportunity to monetize their data. Although still very complicated, the model comes in three points: a plugin, a marketplace and an optional full-featured router (A data storing device).
The combination of these allows you to decide on what data you are comfortable with being collected, which would then be sold on the Cirus marketplace. Sellers receive payment from each sold data set in the form of Cirus tokens. For context, one Cirus token is equivalent to $0.2484.
Several crypto enthusiasts have leveraged this platform with an average earning of 100 Cirus tokens ($25) per data set. Cirus tokens can be exchanged on popular crypto exchanges like Kucoin and Mexc.
By playing games
Are you a gamer? Are you interested in making extra money from your hobby? Then this is exactly what you need.
Just play video games and earn some cool cash. Sounds like the best plan doesn’t it?
Play2Earn games are changing the face of gaming with new features. These gaming platforms allow players to own in-game items (NFTs) which can then be traded or sold on marketplaces, like OpenSea and BakerySwap.
However , at the moment , the cost of purchasing the NFTs needed to play popular crypto games — like Axie Infinity and decentraland — can be a challenge for newbies.
Nevertheless, there are games that provide a low barrier of entry for beginners. Examples include: Plant vs Undead, My Neighbor Alice, Cropbytes and Metaland. All with variable earning potentials for users.
For example, you can earn up to $100 monthly on Cropbytes — — A game where you raise farm animals that can be sold in exchange for tokens.
Investing in launchpad projects
Being a pioneer in any industry is always profitable and the same applies to the blockchain industry. Thanks to the sector being large enough for everyone, a bullish turn in the market also sees the rise in value of lesser known coins.
Pioneer investors in these projects usually benefit greatly when given the right opportunity. This phenomenon has led to the increase in the number of special crypto platforms called ‘’launchpads’’.
These launchpads give access to potentially promising early-stage investment opportunities. Potential investors can buy into blockchain projects well before they get listed on public exchanges and sometimes, at mouthwatering prices.
A good example of this is the Solana blockchain launchpad, ‘’Solanium’’, which gives investors access to early-stage gems that have the potential to become cash cows.
Other examples of earning in crypto includes, joining a decentralized autonomous organization (DAO), investing in decentralized insurance and exploring metaverse projects.
Now that you know about these unique blockchain earning opportunities, go ahead and explore them with your friends. Also don’t forget to join the Breach community. Learning is better with crypto-curious friends.
