Nowadays people have less and less doubt that cryptocurrencies are the money of the future. In addition to digital coins, blockchain began to be used in many other areas, and one of them is NFT tokens. There are a lot of questions associated with them, and newcomers want to know how to earn tokens, in what ways, and whether it is worth getting involved in this niche at all.
These assets are widespread in the crypto art niche. Any file can be translated into NFT and used to sell it. But this can be used not only by artists and designers, there are plenty of other uses for the technology. Even now it brings a decent profit to a huge audience.
Such assets are a certificate of ownership of something. Like cryptocurrencies, such tokens are a record in a blockchain, and usually existing networks (e.g., Ethereum) are used for this purpose. The main feature of NFTs is that they cannot be replaced by a similar asset, as each one is unique.
Token holders do not have to worry about the safety of their assets; they cannot be deleted, changed or stolen. Information about the owner is embedded in a digital code, the data about the author remains forever. Anyone can create such coins, special platforms have already been created for this purpose. Moreover, it is possible to make money from them in several ways, from reselling them to collecting free NFTs.
Everyone wants to know how to make money from NFT, because the topic is gaining momentum. The ways are not different from those used with regular cryptocurrencies. Launching your own projects, speculation, using different services, investments and so on. About the most interesting of them it is worth to tell in detail:
This is a great way to get into the subject and get a really big income, but to sell something expensive, it has to be something really valuable. The easiest way is to digitize a picture, photo, audio or video file. It is possible to tokenize anything through special services, and such goods are put up for sale on specialized marketplaces:
Placing a new token is not a difficult task, the hardest thing is to find a buyer. Who will agree to pay for your work? Is it interesting? How popular is the author's name? You'll also have to pay a bit for it (transaction fee is paid at placement).
It's not a bad idea, because there are already examples where digital paintings, videos and music tracks have sold for millions of dollars. But their authors are famous people, their fans and true connoisseurs of art are ready to give any money for the right to own an exclusive. You have to think of everything to the smallest detail, to cause a stir, to come up with creative ideas.
You can get NFT tokens absolutely free if you participate in AirDrop. Developers of new projects distribute their coins to everyone who wants to get promoted due to this. As a rule, in return they ask to perform some simple actions - to tell about the service in social networks, make a review, leave a review, take part in voting and many other things.
In some cases, airdrop is triggered only for NFT token holders. You need to keep an eye on current giveaways, LQT Launchpad.
Like the cryptocurrency market, tokens have high volatility. Their value is constantly changing, which allows you to make money on reselling tokens. The rules are simple - buy cheaper, sell dearer.
Some people buy tokens to sell them quickly as soon as the price goes up. Others invest in them for the long term. Some NFTs cost pennies, and after a while their price rises to several million dollars. Look for offers on the most popular exchanges.
It is important to get into the subject and learn how to determine the prospects of projects or individual NFTs. This kind of earnings on NFTs requires certain knowledge and has to constantly monitor the market, but it is possible to rise quite well.
It is very important to find the right NFT marketplace.
Now we come to another way of earning money. Games with NFT tokens are trending right now, and some of them allow you to start without investing. Such projects tokenize different game attributes - characters, artifacts, internal currency, boosts and more.
The plots in these games are very interesting, as a rule, users are invited to assemble a team, develop their characters, to pump them up and participate in battles. There are games without battles, where you need to buy real estate and other assets, and then join the economic virtual world.
Regardless of which method you decide to use, you will need a crypto wallet. MetaMask, Coinbase, TrustWallet, Portis are ideal for NFT. Most often it is through these wallets authorization is carried out on sites.
The most profitable idea to make money in this field is to issue your own token. If everything works out and a wide audience is interested in NFT, the value can skyrocket at auction. It starts with an idea, you need to come up with something of value, and then use special platforms where files are tokenized:
Choose content
Anything can be digitized, even insurance policies and certificates of ownership of real property are now used for this purpose. It has to be a unique author's work, several options:
●Audio files;
●Game attributes;
●Domain names;
●Virtual real estate;
●Collectibles;
●Works of Art;
●Videos;
●Memes;
●Photographs;
●Sports cards.
Files are turned into NFT tokens in a couple of minutes, but if no one is interested in them, no buyer can be found. The price and the reputation of the author play an important role here. To set the price correctly, you need to know the market
The issuance of tokens is automated and is done through special services. They work on the principle of Do-it-Yourself (DIY). Users register, add their files, they are turned into NFT, and then they can be put up for sale through marketplaces.
This will definitely require a crypto wallet. Coins can be placed on different blockchains, but the Ethereum network is most commonly used. Depending on the chosen platform, the commission, the cost of placement, the percentage of royalties to the author at resales, and so on vary.
While many doubt whether it is real to make money on NFT and do not dare to get involved in the subject. The niche is attractive, it is not difficult to create your own tokens, there are examples of very large deals, the authors receive huge royalties for their work, even unknown people manage to become famous. But everything has a downside.
Despite some nuances, NFT tokens have a promising future. This technology greatly simplifies the lives of many people and helps to make money remotely. You just have to digitize the files and put them up for sale, or use other means. So far, everything goes only to the fact that this direction will develop, so it is better not to waste time and start working here and now.
