How To Make Money With NFTs
NFTs. They’re all over the internet these days and everyone is raving about them. Creators and investors have made staggering figures that have changed their lives forever. Earlier this year, the 69.3 million sale of Beeple’s NFT broke the internet and changed how the world viewed these digital collectibles.
Everyone is now racing to get their feet in the water to ride this wave. If you’ve been watching from the sidelines not knowing where to start, don’t worry — the boat hasn’t sailed so far yet. Here are 5 ways you can make money with NFTs.
Create and sell your NFT
Are you a creator? Do you have some creations that you wish to monetize? Increase your income by selling your works as NFTs. You can create and sell anything digital as NFTs. From original digital art, music, memes, videos to audio clips and so much more. In fact, there’s a New Yorker who sold his farts as NFT! So go ahead. You’re only limited by your imagination.
You can invest in NFTs by buying them and selling them at a profit. Pablo Rodriguez-Fraile, a Miami-based art collector, flipped a Beeple digital art piece almost 1,000 times its initial price in less than 6 months! However, not all NFTs are created equal. Some are worth millions, while some are basically worthless. As a collector, you need to look at a piece with a critical eye for the prospects of making money in a future resale.