If you are watching this story, you already know what NFT is or have at least heard of them. In case you don’t check out the next page to know—>
NFT stands for a non-fungible token, which means that each token has different characteristics than the others of its kind in the same blockchain network.
Now, the question is How do people make millions from it?
The best way to make money with NFTs will vary depending on your skills and experience. However, some Tips on how to make money with NFTs include:
– SELLING NFTS IN A MARKETPLACE One popular way people make money with NFTs is by selling them on an NFT marketplace.
– RENT OUT While you can’t replicate NFTs, renting is another way to make money from them. Renting the NFT involves giving it to someone else for a defined period, and you’ll get payment in return.
– ROYALTIES Your digital asset can earn you royalties for a lifetime, even when you’ve already sold it. You need to create terms so that when someone purchases the NFT, you still earn royalties from it.
– NFT SPORTS NFTs offers incredible opportunities in various fields such as sports. People who love sports love sports collectibles like T-shirts and badges.
– STAKING NFTS In cryptocurrency, staking is the storing of digital assets in stake form. You then assign the NFT to the entity willing to maintain it.
– NFT GAMING Don’t you love that we’re living in times when you can enjoy gaming and earn from it? Well, blockchain-based games give you room to purchase and trade NFTs. games such as CryptoKitties.
– NFT GAMING Don’t you love that we’re living in times when you can enjoy gaming and earn from it? Well, blockchain-based games give you room to purchase and trade NFTs. games such as CryptoKitties.