4. Digital Land
If you want to kick it up a notch, consider gifting someone this Christmas with digital land. The concept of virtual land, or the metaverse, was first described by sci-fi author Scott Neal in 1992 in his book “Snow Crash” where people could own and interact with digital spaces and assets.
Now, thanks to blockchain, virtual real estate is a thing. And people are forking out thousands of dollars for parcels of land, which are represented by NFTs, in metaverse platforms such as Metaverse, Sandbox, Cryptovoxels, and Somniun Space. You can do quite a bit with digital land, including:
- Flip it for profit
- Lease or rent it for money
- Offer advertising space and get paid
- Host exclusive events such as concerts and charge entry fees
- Build spots such as casinos and clubs and generate income
In short, there’s a real opportunity for savvy users to profit off of the metaverse.
Note: While you can make money with the metaverse, it’s a highly speculative niche that’s as risky as it’s rewarding. A virtual land gift would work best for someone well-versed in crypto and NFTs.
5. Crypto Donation
Crypto gifts don’t have to be just for your family or friends. Indulge your inner altruist this Christmas by donating crypto to charity causes.
Donating crypto has become a popular way to contribute to causes due to the benefits on both sides. First, unlike debit or credit card donations, whose processing fees can reduce the amount the organization receives, crypto donations incur cheaper costs, enabling more of the donated amount to reach the intended cause.
In addition, some charities welcome crypto donations because they see it as an opportunity for the donated amount to increase in value over time.
Furthermore, donating crypto rather than cash has tax advantages. Crypto donations to IRS-recognized charities are not subject to capital gains tax, and you could potentially qualify for tax deductions.
There is a wide range of initiatives you can support with crypto donations, such as clean water, feeding programs, healthcare, and more. Consider contributing directly to charity organizations that accept crypto, such as GiveDirectly, UNICEF, Save The Children, and the Human Rights Foundation.
Alternatively, you can give to outfits whose primary goal is to help charities process crypto donations, such as The Giving Block, Daffy, and Crypto for Charity.
Final Thoughts: The Gift That Keeps on Giving
Gifting someone crypto is more than a gift; it’s a way to plug them into the crypto economy and provide them with something that has the potential to increase in worth.
A crypto gift is not only convenient, it’s also forward-thinking. So, go ahead and give someone the gift of crypto this Christmas.
