How to make money with nft?
NFTs continue to make the headlines and have taken the world by storm. You must be thinking, is NFT’s worth the money, or are they just a bubble poised to pop? Well, NFTs gained the hype in March 2021, when a famous artist Beeple, sold the most high priced nft “The First 5000 days” at 69 million U.S dollars.
For a blockchain-based event ticketing system, nfts are being considered as a core building block. In 2021, NFTs sales volume reached about 10.7 billion U.S dollars. Many people who read up on this topic now want to get their feet in the water to ride this wave.
So, in this article, we will discuss all the nitty-gritty details of nfts like nft meaning, how to invest in nfts and how to make money with nfts.
What is NFT?
Anything that exists in digital form including pictures, videos, Facebook posts, famous tweets, memes, art, music, and much more can be transferred into nfts. They have one owner at a time and can be bought and sold online. Specifically, nfts are held on Ethereum Blockchain but other blockchains also support them.
How to Invest In nfts?
Well, let’s discuss how to invest in NFTs. A few things you need to know before you invest in nft is setting up a crypto wallet with your chosen marketplace. After setting up a wallet, you can buy nft from;
- Openseaio
- SuperRare
- CryptoPunks
- Raible
- So rare
These are the top platforms having a wide range of NFTs but, every marketplace works a bit differently.
You can purchase an NFT and earn a decent profit by selling it wisely. Keep in mind that something opposite could happen with your investment as well.
Create your NFT
You might be wondering now; can I create nft? Well, If you think you can make your nft that will make the world crazy, do it now.
You can create digital art, videos, audio clips, images, and even a GIF can be sold as an NFT on a marketplace of choice.
However, we suggest doing thorough research before making a sale. Having a fan base is a plus point so you can promote your nfts.
Earn nfts from online Gaming
Earning NFTs from online gaming may be a lucrative way to increase your income. Almost every teenager grows up playing video games and wants to make money from playing games. This dream can be a reality with the rise of Non-Fungible Tokens.
You can earn nfts by playing on online Gaming platforms like Axie Infinity and Animoca Brands.
Final Verdict
The non-fungible tokens will modify different industries like gaming, art, and media. Digital artists are getting new opportunities to sell their art at hefty prices. Even celebrities and industries are getting interested in trading NFTs.
In this article, we have discussed everything about how to invest in nft. Hopefully, it will help you understand the concepts behind the NFTs. Do tell us in the comment which method you think is the best to get involved in trading NFTs.
