How to Make Money From NFT

In recent time, NFT is evolving as one of the fastest methods to make money from crypto market. In order to make money from crypto, you either need to invest or trade and for these purposes, you need money, however, you don't need a lot of money to profit from NFT.

How to Make Money From NFT

There are a lot of methods to make money from NFT. For instance, you can flip NFT to make money. You can also earn NFT royalties or earn by staking NFT. You can make money through NFT by playing play to earn games. These games are also called blockchain games, crypto games, or NFT games. When you play these games, you earn in two ways, one, you collect crypto tokens and earn from crypto tokens (also called metaverse tokens), two, you collect NFT through in game activities and you sell these NFTs to make money. However, the main problem with these games you need to buy NFT first to start playing. Another way to earn from NFY is by creating NFT and sell through NFT marketplace. You don't have to be a blockchain expert to create NFT, you can use NFT marketplace like opensea to create NFT from any media. There are apps that allow you to earn NFT, there are apps that allow to create NFT, you can exchange these NFTs for real-world currency.

Collecting NFT for Free Is It Possible?

I know a couple of NFT games, for instance, I know Axie Infinity, The Sandbox, REVV Racing, cryptofights, Decentraland (however, I am not sure if Decentraaland can be labeled as NFT game, it is rather defined as a metaverse). These are some of the popular NFT games, but there are a lot more for example, League of Kingdoms, Zed Run, and The Six Dragons. These are really interesting games, for instance League of Kingdoms gives you daily rewards in DAI. Zed Run not only offers a good gameplay but also a lot of earning opportunities. The Six Dragons game is all about Dungeons and Dragons. If you like thos genre, you will find this game interesting. Some NFT games are free to play, where as some games are paid to play. For paid game, you need to buy NFT or Tokens before you can start playing the game, for instance, you need to buy Axie to ply Axie infinity.

Can You Make Money From NFT Without Spending Any Money

If you think you can make money through NFT with zero investment, it means you know nothing about NFT. In order to make money from NFT, you need to create NFT and pay gas fees for minting. For example, you can use OpenSea NFT marketplace for free, however, before you can list you NFT and start selling your NFTs to make money, you need to pay a certain amount of ETH. You can connect your coinbase or metamask wallet on Opensea and you need to fund your wallet so that you can not only receive funds you collect by selling your NFT but also use your wallet to pay the gas fees. Well there is also an option "no gas fee" on Opensea which is built on a polygon network, however, I am not very sure if anybody can use this platform and still be able to sell NFT without paying for gas fees. Well, there are also free to play NFT games that will allow you to collect NFT and sell through open marketplaces like opensea, but I am not very sure that anybody can actually collect NFT for free by playing these games and if these NFTs are easier to sell.

Selling Your First NFT

It does not actually matter how many NFTs you have what matters is whether your NFTs are valuable or not, whether an NFT collector sees your NFT collectible or not, whether your buyer sees commercial value or not. The value of NFT depends on the money a buyer, a collector, or an investor is willing to pay for it. For instance, if you have an NFT and a buyer wants to pay 0.001 ETH, the price of your NFT is 0.001ETH, however, if you can find someone willing to spare 1 ETH, the true value of your NFT will be 1 ETH. Well, one of the major problems with selling NFTs is NFT collectors overprice their NFTs. If you have ever visited NFT marketplaces you will understand what I mean. NFT sales are also determined by the marketplace you are using. Opensea is the most popular and the biggest NFT marketplace, it not only has a huge number of sellers, but also a lot of buyers. However, it is also very competitive because due it is difficult to survive the competition. Rarible is also a good NFT marketplace, however, this is not as popular as Opensea, therefore, there is a dearth of buyers.