How to earn NFTs?

Today, they can be found everywhere on the internet. Some even invested in it and earned unimaginable turnover in return. Yes, NFTs are a real source of income, provided you understand how they work.

Earlier this year, there were up to more than 69 million sales of NFTs from digital artisan Beeple. Which has, for some, changed the very vision of the digital collection. Besides, many of us love it and try everything to get our heads above water and win NFTs.

However, if you dive into the void without the slightest knowledge of the cryptocurrency field, you will surely have difficulties. So how do you make money with NFTs? The answers in 5 key points!

Start by creating your own NFT so you can sell them

This is a method that is more suited to creators. You can indeed create and sell your works in the form of NFT. Moreover, selling articles or works digitally can earn you a large sum as a creator.

Here again, the areas to explore are very varied. For example, you can sell music, music videos, memes, art, etc. One day, a New Yorker put his farts on sale as NFTs. All this to say that there are no limits. The only possible limits are those of your imagination.

Favor the resale of NFTs

In the NFT market, players can indeed invest by purchasing NFTs. Here, the goal is to resell them for a profit. And even though NFTs aren’t fungible, you can trade with other investors to get money with them. Do like Pablo Rodriguez-Fraile, the one who was able to sell a work of Beeple art for more than 1,000 times its price, in just 6 months.

However, remember that not all NFTs are worth gold. Some can be worth up to millions of euros, and others may only cost a few euros, not to say they are worthless.

Finally, before embarking on your projects, as a collector, there is one essential point that you must remember. You must have a long-term vision to determine the possible prospects of making money from the resale of an NFT.

Invest in NFT games

Nowadays we can play games in which we can win real gifts. These are games that are based on the blockchain. In turn, the blockchain will serve as a means for you to purchase in-game items. Then, you can trade them in order to earn money. Again, you buy and trade items in the form of NFTs.

CryptoKitties is one of the games in which you can buy items, including crypto chat which can win you up to €300,000. Furthermore, you will find video games on the web whose NFTS are more affordable. Some have even started donating free items to early players.

These are just tips that will allow you to earn NFTs for free or in a more affordable way. But that’s not all ! There is also staking of NFTs and investing in NFT startups.

Store your tokens as stake

When we talk about cryptography, there is something called staking. In reality, it is an approach of storing your digital assets in the form of stake or stake. In other words, you as crypto owners can put your tokens to work without having to sell or trade them. It is mainly bettors who turn to this technique in order to generate income. And this without selling their tokens.

If you want to stake your NFTs, you can visit sites such as Rplanet. You will get rewards by betting your tokens on it.

Invest in NFT startups

Investing in startups will allow you to earn money. But the gain is made indirectly with NFTs. Besides, non-fungible tokens are not just a passing trend in crypto. These are real assets that will change and revolutionize the world in which we live. And today, many companies are launching into NFTs. Which is an opportunity for you to place your NFTs in order to help them develop their projects and earn a return on investment.

Conclusion

NFTs are becoming more and more common today. And the big fish continue to invest in NFTS. For starters, making money from NFTs can be done by selling a piece of art, collectibles, music, video games, among others. That said, investing in NFTs is not without risk. However, you can now invest your money using these 5 techniques. Otherwise, you can always broaden your search if these methods don’t work for you. Moreover, this is a non-exhaustive list. You can always invest more wisely in a sector that suits you.