AFFILIATE MARKETING
A New Way To Get Rich From NFTs?
I know we all say we’re here just for the art, but let’s be real, we all want to get rich off our JPEGs too! Unless you’re deep in the space researching every day, on top of the latest hot mints, and have the sharpest analytic tools at your disposal – the odds are against you.
Another way to generate cash here is by creating your own collections. With the great equalizer of lifetime royalties in play, NFTs have changed the financial landscape for artists and project creators to venture into the digital realm. However, with the introduction of marketplaces such as x2y2.io and blur.io dabbling with zero creator royalties, the notion that NFTs were a cast iron avenue for artists to earn an income for life came into doubt.
Soon enough, this quickly turned into ‘it’s only a matter of time until royalties become a thing of the past.’
‘potential to reshape the nft landscape’
Enter Gabriel Leydon, CEO of Limit Break, who announced that they have been working on a solution to the issue. Their blog post begins:
“Limit Break is introducing opt-in, backwards-compatible, programmable royalties contracts that work on any ERC-721 contract through a novel staking solution. Our initial goal was simply to give creators the power to decide how royalties will be distributed on the smart contract layer, but as you will read below, this release will allow for numerous applications with the potential to radically reshape the NFT landscape.”
Essentially, Limit Break are introducing a way for project creators to wrap their NFT so that they can enforce royalties on chain. The NFTs created are staked, with the creator receiving a wrapped version of their NFT in its place. This incarnation of their token is set so it can only trade on marketplaces which enforce royalties. Additionally, the wrapped version of the NFT allows for a few other features:
- The creator can set minimum and maximum floors for listings. Terrible news for professional undercutters!
- The ability for the owner of an NFT to rent it out, and for the rent payments to be collected on chain
- Gaming utility, in the sense that tasks or quests in-game can be completed and the state of the NFT would be automatically updated, burned or replaced
- And, royalty sharing with affiliates…..
A New Way to profit from nfts?
Royalty sharing with affiliates could open up a whole new path to generating income from NFTs, even if you have never owned the NFT itself!
There’s a few ways this can be achieved. The first is by the creator setting up a royalty share agreement with minters. The creator could action a condition that anyone who mints the collection will forever receive x% of royalties for every sale on the specific NFT that they minted.This solution potentially solves more than just the artist commission problem outlined at the start of the article.
Quite often, a collection’s hype and wider interest will wane soon after it has minted out. Certainly, it’s fair to say that a holder of any NFT loses interest in a project as soon as they no longer have a vested interest in the asset. This royalty share dynamic could completely change that, as it creates an incentive for those who minted to add growth to the project, even long after they sold their last one.
Similar to the above example, a creator can add extra conditions to the royalty share. For example, it could be set that commission will be accrued by the collector, but only after the NFT has been held for a specific length of time first, as shown in the below example:
- NFT is minted by the collector
- Condition set by the creator that the NFT must be held for 1+ years in order to be eligible for royalties post-sale
- Collector sells after holding for 15 months
- Collector is eligible and receives lifetime royalties alongside the creator
This strategy incentivizes long term holding; something which many collections suffer a lack of within the fast paced environment of this market.
Affiliate marketing in web3
However, there’s even a way that you can earn royalties whilst never having minted or held the NFT in question. A project creator could approach a popular influencer or website with the proposition of a cut of the royalties in return for their marketing and promotion. With traditional affiliate sites, generally a unique URL or code will be issued which attaches each sale of the product to the affiliate who closed the sale via their link. The same process could be applied with NFTs quite easily!
Moreover, as all transactions are visible on chain with the ability to have proceeds divided up between wallets automatically, this innovation from Limit Break eliminates the need for a middle man to keep track of sales figures and execute payments.
nothing short of revolutionary
These proposed changes to how the NFT market will operate is nothing short of revolutionary.
Gabriel Leydon’s NFT project, DigiDaigaku, was a free mint itself and relies heavily on secondary sales to generate revenue. You can be sure that there will be a concerted effort to bring these ideas all to fruition based on that alone.
Furthermore, this could extend the reach of who’s onboarded to NFTs outside of the current sphere. If Web2 marketers see the massive profit potential of affiliate marketing here, they’ll likely flock in their droves!
This is a Contributor Post. Opinions expressed here are opinions of the Contributor. Influencive does not endorse or review brands mentioned; does not and cannot investigate relationships with brands, products, and people mentioned and is up to the Contributor to disclose. Contributors, amongst other accounts and articles may be professional fee-based.
AFFILIATE MARKETING
Cut Costs, Not Features with This Microsoft Bundle Deal
Disclosure: Our goal is to feature products and services that we think you’ll find interesting and useful. If you purchase them, Entrepreneur may get a small share of the revenue from the sale from our commerce partners.
Software subscription fees can quickly add up, and for small-business owners, entrepreneurs, or freelancers, these costs can eat into profits. Businesses spend approximately 29% of their IT budgets on software, according to a 2023 survey by Gartner.
For business professionals who are looking to streamline workflow without paying steep subscription fees, the Ultimate 2019 Microsoft Bundle might be the perfect solution. For just $71.94 (regularly $927), this comprehensive four-part bundle offers Microsoft Office Professional Plus 2019, Windows 11 Pro, Project 2019, and Visio 2019.
While it’s not the newest version of Microsoft’s software, it can deliver tremendous value for anyone seeking tools to manage their business, boost productivity, and work efficiently. The bundle offers a lifetime license, meaning you’ll get all the functionality you need without the recurring costs associated with subscription services like Microsoft 365.
However, it does come with Windows 11 Pro, which includes the recent AI updates. Windows 11 Pro delivers a modern, intuitive interface with enhanced security features such as biometric login and Smart App Control, making it ideal for professionals who prioritize privacy and usability. It’s also equipped with tools that support multitasking, such as Snap Layouts and Virtual Desktops.
For companies looking to reduce overhead without compromising essential functionality, making a one-time purchase of slightly older software is a smart financial move. This includes Office’s most popular productivity tools, Word, Excel, PowerPoint, and Outlook.
Project 2019 is a must-have for anyone who is managing large or small projects. It helps track tasks, timelines, and resources, making it easier to stay on top of deadlines and ensure your team moves in the right direction. Project 2019 gives you the tools to streamline processes and manage tasks efficiently.
Visio 2019 is ideal for creating professional diagrams, flowcharts, and organizational charts. It’s particularly valuable for visualizing complex data or workflows, which is essential for business owners looking to improve operational efficiency.
If you need a productivity boost without eating into savings, take a closer look at this bundle.
Get the Ultimate 2019 Microsoft Bundle with Office, Project, Visio, and Windows 11 Pro for $71.94 (regularly $927).
StackSocial prices subject to change.
AFFILIATE MARKETING
3 Trends That Will Change the Future of Entrepreneurship
Opinions expressed by Entrepreneur contributors are their own.
The most recent data from the new Global Entrepreneurship Monitor report reveals a powerful trend for the future of entrepreneurship.
Young adults, aged 18-24, had both the highest entrepreneurial activity and entrepreneurial intentions in the United States, according to the Global Entrepreneurship Monitor 2023-2024 United States Report. With similar results in 2022, this is not just a minor shift — it’s a fundamental change that could have lasting impacts on the economy and society.
I serve as the chair of the board for the Global Entrepreneurship Research Association, the entity that oversees GEM, which was founded in 1999 as a joint venture of Babson College and the London Business School. As the GEM U.S. team co-leader and a professor of entrepreneurship at Babson, I see firsthand the impact of the research created by the Global Entrepreneurship Monitor.
Here are three entrepreneurship trends from the new GEM report that are changing the landscape for the future.
Related: 21 Success Tips for Young and Aspiring Entrepreneurs
1. Young entrepreneurs on the rise
For years, entrepreneurship has been dominated by older, more experienced individuals, but this year’s report shows that the youngest adults are now at the forefront. According to GEM, 24% of 18- to 24-year-olds are engaged in some form of entrepreneurial activity, a higher rate than any other age group. What’s driving these young entrepreneurs is equally remarkable: They aren’t just starting businesses to make money; many are deeply committed to making a positive impact on society and the environment.
These young entrepreneurs make sustainability a key priority. They are more likely than entrepreneurs from older generations to build businesses with sustainability as a core focus — whether that means reducing their environmental footprint or focusing on social causes. This shift toward impact-driven entrepreneurship isn’t just anecdotal. GEM data shows a significant number of young entrepreneurs taking real, measurable steps to create businesses that align with their values. With sustainability as their north star, young entrepreneurs appear to be simultaneously pursuing societal impact as well as profits.
However, it’s not all smooth sailing. While young people are leading the way in starting businesses, they are also discontinuing them at higher rates than their older counterparts. The discontinuation rate for 18- to 24-year-olds is 15%, the highest among all age groups. This is not surprising, given the challenges of inexperience and more limited access to capital. Starting a business is tough, and sustaining one is even more challenging. But despite these hurdles, the enthusiasm and energy that young people bring to entrepreneurship are undeniable, and with the right support, this generation has the potential to drive substantial change.
2. Tech gender gap narrows
One of the most promising findings in the GEM report is the narrowing gender gap in the technology sector. Historically, tech startups have been dominated by men, but 2023 saw a record-low difference in the number of men and women starting tech companies. The gap has narrowed to just 1%, with 8% of women compared with 9% of men launching businesses in the Information and Communication Technology (ICT) sector.
This is a significant step forward and reflects broader efforts to support more women technology startups. Still, it’s important to recognize that while progress is being made, continued focus on providing equal opportunities is essential to ensuring this trend continues.
3. Optimistic outlook for Black and Hispanic entrepreneurs
Another highlight from the report is the optimistic outlook among Black and Hispanic entrepreneurs. These groups showed stronger confidence in their entrepreneurial abilities and lower fear of failure compared to their white counterparts. Black respondents, in particular, demonstrated high levels of resilience and self-assurance, which is vital in overcoming barriers faced in starting and sustaining businesses. This optimism is encouraging, but there’s still much work to be done in assuring ecosystems offer equal opportunities for all aspiring entrepreneurs, regardless of their background.
Related: I Wish I Received This Advice as a Young Entrepreneur
A promising future
Reflecting on the key findings of this year’s GEM report, it’s clear that the entrepreneurial landscape is changing in meaningful ways. The rise of young, sustainability-driven entrepreneurs signals a future where business is not only about profit but also about making a difference. These young entrepreneurs are launching businesses at a time when the world is looking for solutions to some of its most pressing challenges — climate change, poverty and economic recovery.
Yet, to fully realize the potential of this next generation, there must be more focus on addressing the challenges they encounter. Young entrepreneurs need access to the right resources — whether it’s funding, education or mentorship — to turn their innovative ideas into sustainable businesses. The narrowing gender gap in tech is encouraging, but we must continue to foster environments that support women and other underrepresented groups in entrepreneurship.
The GEM report paints a picture of an entrepreneurial future driven by purpose, diversity and innovation. But it also reminds us of the work that lies ahead in making entrepreneurship more accessible and sustainable. If we can provide young entrepreneurs with the tools and support they need, we will not only see more businesses being created — we’ll see businesses that are making a lasting, positive impact on the world.
AFFILIATE MARKETING
These Are the Top Side Hustles to Work Less, Make More Money
In the best-case scenario, a side hustle could turn into a multimillion-dollar business that generates a passive income stream — but at the very least, starting a side gig could help pay some bills.
A new survey from personal finance software company Quicken shows that almost half (43%) of Americans with a side hustle, or an extra source of income added to a primary income, make more money and clock in fewer hours overall than those without a side hustle.
The three most popular side hustles pursued by those who work less and make more money were personal assistance (20%), cooking and baking (16%), and caregiving (16%). One in five people with side hustles said they were business owners, too, selling products online or offering services like photography.
The majority of people with side hustles (82%) said starting a side gig helped them financially, and kept them from living paycheck to paycheck. Most with side hustles (57%) had savings equal to at least four months of living expenses.
The survey also found that, for younger side hustlers, a way to an extra income doubles as a path to becoming more employable. 44% of Gen Z (born between 1997 and 2012) choose to start a side hustle in order to obtain skills for long-term careers, much higher than the overall 18% of Americans who started a side hustle with the same motivation.
Quicken conducted the survey online, gathering responses from more than 1,000 Americans.
Additional research on side hustles, released in August by NEXT Insurance, showed that three out of five people bring in less than $1,000 monthly in side income, while 22% make $1,000 to $10,000 a month, and 15% make more than $10,000.
Related: Starting a Side Hustle Should Come With a Warning Label — Here’s What You Need to Know
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