How can we make money with our NFTs?
Possibly in the past or through a friend or a neighbor you have heard the word NFT and wonder how we can make money with our NFTs that we have in our possession? In this article I will give you a detailed explanation so that you can get started in the great world of NFTs. These types of assets can be very lucrative for some investors, but even so there are many doubts about how we can enter this NFT space, if you are interested I invite you to continue reading a bit.
With the unexpected arrival of WEB 3.0 and the great rise of the METAVERSE, it is necessary to have this type of knowledge if we want to generate good economic and financial gains with this type of BLOCKCHAIN technology and in the next section I will show you 5 well-known and applied ways today in our society, but first we will give an overview of the NFT market today.
NFTs (NON-FUNGIBLE TOKENS) today have been a topic of much dialogue in many parts of the world because it is a market with great importance within the BLOCKCHAIN ecosystem and the world of cryptocurrencies, since we live in the century XXI and we have to adapt to this type of technology for our day to day life since this type of technology is very popular today, always bearing in mind that this type of NFT technology is always or in most cases based on the ETHEREUM network that usually uses the use of smart contracts within the w3c.
Information on this type of industry such as that of some news sources such as, YouTube usually says in some videos of some of its YouTubers that this great trend accumulated more than 45 billion dollars at the time of writing this article in volume of operation worldwide which makes the year 2021 and 2022 the most lucrative so far with this type of digital assets called NFT, being the most expensive NFT so far that took place in an auction and was sold for 69 million dollars in March 2021. In many cases NFTs are images, but they can also be ideas, audios or they can also be represented in physical form and this type of BLOCKCHAIN technology is used to represent copyright on a topic or something specifically that they are associated with the token within the block chain. Decentralized cryptocurrency exchanges may be a bit similar, but the difference is that NFTs are usually bought or sold in markets only for NFTs, such as the best known worldwide OpenSea. Creators, artists, computer scientists, often list their NFTs on these types of markets to sell or auction them. Until the person buys this type of asset, the creator of the NFT keeps the copyright, when a person buys an NFT, he immediately becomes the owner of the copyright and this NFT remains in the name of the buyer.
Nowadays, anyone can earn money and generate income with NFTs (NOT FUNGIBLE TOKENS) we can stake, rent or even use them in video games but in this case we must inform ourselves well to be able to use them in certain video games that accept NFTs. If you are a creator of NFTs, we recommend you plan your next collection and then sell them in popular markets such as OpenSea among other NFT markets that you can find, I will only tell you the best known, you can search for other markets that suit your needs or budget, because in some cases when you publish an NFT in an NFT market they usually charge you a small commission to be able to publish them, they even charge you at least $100 in ETHEREUM to be able to publish your NFTs for the first time, Artists have many opportunities in the creation and sale of NFTs, as I mentioned earlier, there are NFT collections that were sold for 69 million dollars.
But I still think that this is just the beginning of a great era of artistic NFT technology and opportunities to grow your financial wealth with this type of decentralized technology, I very honestly hope that over the years I can see this type of technology grow BLOCKCHAIN many more ideas of NFT projects although we have seen the success that Axie Infinity had among other games such as Plant vs Undead among other types of NFT video games that we can generate TOKENS and thus earn some extra money with NFT games in the present.
We are sure that this type of investment in NFTs can be very lucrative in the future thanks to the fact that they can increase their value over time, as we have already mentioned in some sections of the article, such as an NFT collection that was sold for 69 million dollars. in an auction of the year 2021 in the month of March. I want to learn how to create NFTs and sell them for a good price in the future, I encourage you to follow my steps and do the same, thank you very much for reading, I hope you liked the article, see you in the next one.
