It Comes Down To Building
A group of creators have been actively building within the Crypto space, specifically, SocialFi. We see each other on multiple WEB3 platforms daily. There is a sense of commitment that goes back years and continues to encourage us forward. We understand what is unfolding and will not allow this opportunity to pass us by. Being early, and in certain instances, first, is a privileged position only a fool would bypass.
Many of these opportunities are WEB3-based blockchain-based value extraction. In certain instances, WEB2 is incorporated. However, for the most part, much of the focus is on WEB3 and DeFi-based protocols. The goal extends beyond earning. Many of us are building influence and passive income streams. I have often addressed the enormous growth with staking once the token is appreciated.
In short, if you earn 100 tokens and the token value is $0.05 you earn $0.50 per day in passive income. If the token appreciates to $0.50 you will now earn $5 per day in passive income. Fiat is fiat and has zero potential of increasing in value. Fiat currencies can only increase in value if compared with other fiat currencies. In other words, which one is falling fastest?
Zero Growth Potential
If all fiat currencies are eroding then there is no chance of gain. An individual who invests fiat currency to use the interest to pay for living expenses can only do this for a limited period. Eventually, inflation will render his monthly interest earnings useless. They will no longer be sufficient to support his living costs. This is why building passive income models with tokenized models is so powerful.
These models produce ever-increasing returns due to token appreciation and Micro3Mining. Essentially, income increases over time and the opposite effect of fiat currencies is realized. Investing in fiat currency produces shrinking returns over time. However, investing in blockchain-based ideas produces expanding returns. In other words, fiat produces less than you require over time, while WEB3 produces more than you need.
This is the general idea. However, it is not so easily acquired and hence, the hustle. The earlier you are and the more you do and acquire, the better off you will be. Returns decrease as assets and asset classes mature. Always look for opportunities that can still experience growth and offer reasonable stability. Every person can work on such ideas, even in a limited capacity.
Over time, the results speak for themselves. They produce a level of income and independence. Many individuals are earning and saving in a system that is falling away. Even if you don’t believe in Crypto, as a responsible investor, you should still be looking to hedge your wealth. Anything can happen and we are slowly phasing out of the existing and shifting towards the new.
Final Thoughts
Those who can do this as a side hustle and do not require their Crypto income are in a prime position to build significant passive income streams over time. In the majority of cases, it’s a lack of knowledge. If people knew what was out there and how to utilize it they would be more involved and in step with what is unfolding in Crypto and WEB3. Don’t waste such an amazing opportunity. All the best, see you next time!
Disclaimer
First of all, I am not a financial advisor. All information provided on this website is strictly my own opinion and not financial advice. I do make use of affiliate links. Purchasing or interacting with any third-party company could result in me receiving a commission. In some instances, utilizing an affiliate link can also result in a bonus or discount.
This article was first published on Sapphire Crypto.