Namaste Hivians,
Greetings,
While the interest in cryptocurrencies is rising, NFTs are trending once again. A ton of people are making thousands of dollars flipping NFTs. If you are wondering how you could do the same, then you have come to the right place. In this blog, I will be going through the top 5 easiest proven ways to make money with NFTs. This will be a complete guide for anyone whether you are a complete beginner or an expert.
This way involves buying and selling NFTs. When something is bought at a lower price and sold at a higher price, then you make a profit. It's much like trading any stocks or cryptocurrencies. Although it's a bit riskier than other methods, it is also potentially more profitable. The key is finding rare NFT gems whose price could potentially skyrocket in the near future. Here's an example of a nice flip:
This way of making money with NFTs, although riskier, is potentially highly profitable if you get lucky. If, however, you don't want to spend a single penny and be on the safe side, then this next method is exactly for you.
This way of making money with NFT is relatively safer but might need a little bit of skills. For you to be able to sell your NFT, you need to have an NFT first馃槀. That's where minting comes into place. Minting is a process by which any digital assets like media, arts, etc become a part of a blockchain where the asset will have technical ownership. It could be any media like jpeg image, video, domain names, etc which is publicly visible on the blockchain. Anyone can create and mint any digital asset in any blockchain. The most popular one right now is Ethereum but it could be minted in any blockchains like Cardano, Vechain, Solana, Binance Chain, etc. If you want to know how you could easily create, mint, and sell your own NFT in under 2 minutes without any coding knowledge then I have a tutorial just for you!
A lot of play-to-earn games are growing in popularity these days. These games not only reward users or players with exciting gameplay and financial incentives but also virtual assets that can be traded as NFT. Their tokenomic frameworks transform playing time into a revenue stream. Let's look at some of the top play-to-earn games that you can simply play and earn some exciting gameplay.
It's a pokemon inspired play-to-earn game in which players raise and trade fantasy creatures called Axies. These Axies are also NFTs that can be bought and sold at NFT marketplaces.
It's a play-to-earn virtual metaverse. In this game, users can own land, play games, and also create their own virtual games. The game offers you to create and trade virtual land as well. These virtual can also be traded as NFTs.
It's not only a play-to-earn game but also a cross-platform gameFi metaverse that combines NFTs with yield farming. In this game, players can earn mobox NFTs through Binance NFT mysterybox launches. One advantage of playing mobox is that users can not only battle and trade NFT mobox, but they can also farm NFT mobox.
The list is not limited to just 3, but there are thousands of NFT games that might interest you. Let me know which game catches your eyes馃憖 in the comment section.
Those games mentioned earlier deal with creating and trading NFTs as virtual assets. If you don't want to have the hustle of creating and trading NFTs, you can simply invest in those cryptos that deal with NFTs. If somehow or other, these crypto grow in popularity and their market price increases, then you can potentially double, triple or quadruple your money.
The key in this method is to keep an eye on trending NFT projects that might go up in value in the future. Once you have done enough research and you invest in these cryptos, then can eventually sell them when they grow in value.
The last, but not the least, method is to look out for free NFT airdrops. In this method, you have to be alert on what's going on and keep an eye on what's going on in the community.
A lot of the time, you would want to follow these Twitter accounts which notifies you about the upcoming airdrops.
There are also a bunch of sites whose main purpose is to alert the users of upcoming airdrops.
You can also be active in the community to receive free airdrops from them. Many projects have recently rewarded NFTs to members who were active in the community. The NFTs thus earned can be sold at NFT marketplaces.
These are not the only ways to make money from NFTs. The comment section welcomes any other methods that were not mentioned in this blog.
I have created a video on the same topic on the youtube channel going through everything in detail. If you want to watch the video here's a link to it.
Please provide feedback on the video and the blog, and let me know what I should cover next. Your support is really appreciated.
** note: all the pictures are taken as screenshots from the respective websites **
Thank you so much for taking the time to read this post. Have a good one!
Yours,
Aashish Kandel
Namaste馃檹, Be Blessed!
