Make Money in NFT - 5 easy methods

Make money in NFT- The exponential rise of the NFT business over the last 18 months. NFT opened up a slew of new opportunities for investors. Digital assets emerge as a compelling approach to diversify investment portfolios. And this trend expected to grow in popularity in the coming years.

This book will go over how to earn money with NFTs in great detail. Highlighting the most profitable strategies. Before showing you which trading platforms are best for investing in NFTs today. All from the comfort of your own home.

#1. Invest Early in Promising New NFTs

Investing in potential new collections early. Before they soar in value, is one of the best ways to make money on an NFT. Many of the greatest NFTs to buy initially released at a low price. But their value skyrocket in the weeks and months following their release.

CryptoPunks is a good example of this, with prices ranging from $1 to $34 in 2017. Due to their first-mover status within the area. These ‘Punks’ became extremely valuable when the NFT frenzy took over in 2021. This resulted in celebrities and other high-profile individuals purchasing these NFTs, with one Punk selling for $24 million!

What is Lucky Block, exactly?

logo of the lucky block

What is the best NFT to make money? With this technique now that CryptoPunks are out of reach for most retail traders? We feel Lucky Block satisfies this criterion after combing the market and undertaking thorough research and analysis.

Lucky Block is a brand new cryptocurrency lottery platform that runs on the Binance Smart Chain (BSC). The Platinum Rollers Club. Which contains 10,000 NFTs and can be purchase through NFT LaunchPad,. Just launched by the developers as their own NFT collection.

The thrilling aspect of these NFTs is that each one serves as an entry ticket. Its for exclusive daily prize drawings with an average jackpot of $10,000. Interestingly, the collection contains 25 ‘Rare Editions’. Which allow the bearer to get double the daily prize pool if their number called.

These NFTs expected to sell out rapidly, given Lucky Block’s explosive development in recent months. Furthermore, the forthcoming introduction of Lucky Block’s daily lotto drawings will surely raise demand for these NFTs. Thus raising their value in the long run.

#2 NFT Games with a Pay-to-Earn (P2E)

If you’re wondering how to make money using NFT tokens, another option is to participate in play-to-earn (P2E) NFT games. P2E features, which allow players to earn prizes through good gameplay, currently included in many of the top NFT games. These prizes are typically valued in the platform’s native cryptocurrency. Which used to purchase in-game things or converted for fiat currency.

Making money with NFT games has become a popular strategy. With a slew of new platforms cropping up that promise a steady stream of revenue. One of the most popular is Axie Infinity, which allows players to ‘fight’ other users for rewards. Furthermore, because the majority of in-game items structured as NFTs. The digital cash obtained as a reward ‘reinvested’ into better items, resulting in improved performance.

To acquire indirect exposure to the P2E space, investors can purchase Axie Infinity tokens (AXS) on cryptocurrency exchanges. Other projects, such as Silks, The Sandbox, Decentraland, and others, are gaining traction as a result of Axie Infinity’s success. As crypto acceptance grows, we’ll certainly see these platforms becoming more extensively used, indicating that this trend isn’t going away anytime soon.

#3 HODLing NFT

When looking for ways to generate money with an NFT, one of the finest tactics to use is to invest and ‘HODL.’ HODL refers for ‘Hold On for Dear Life,’ it was coined by retail traders during the GameStop short squeeze in 2021. Since then, the word has come to refer to an investment strategy in which you just do not sell — no matter what.

Those considering purchasing cryptocurrency should be aware that there are advantages and disadvantages to doing so. HODLing, on the other hand, can be a terrific strategy to generate money with NFTs if done strategically. Returning to our CryptoPunks scenario, investors in 2017 may have decided to sell because the value of their Punk was not increasing. Those that choose to HODL, on the other hand, will reap the benefits when prices spike in 2021.

Needless to say, this strategy will not always work, since some NFT collections will fail to provide the requisite price momentum. However, many of the projects on our NFT calendar are already gaining traction on social media, indicating that there may be some excellent investment possibilities in the coming weeks and months.

#4 Flipping NFTs

Another good technique to make money with NFTs is to ‘flip’ them. Flipping, according to Fortune.com, is the process of buying low and selling high in order to make a profit. The key difference between flipping and other investment methods is that flipping is typically a fairly short-term plan, as opposed to the HODL technique discussed above.

Finding the greatest NFT to generate money and then flipping it for a profit is difficult, especially in today’s market with so much competition. It is not difficult, however, despite the fact that there are various aspects to consider while investigating how to profitably flip NFTs.

The token’s utility should be a top priority for you, as it will be one of the key reasons why other investors would buy it. Along with the development team driving the project, community support should be considered. Finally, the NFT’s visual attractiveness is important to consider, as most investors will want to use their digital art as a profile image on social media or to sell it through a digital art gallery.

#5 Minting Your Own NFTs

Making your own NFT is a popular approach for those wondering how to make money with NFTs. Minting is the process of putting a digital asset (such as digital art or music) on the blockchain. Once the asset has been added to the blockchain, it can be traded on the best NFT exchanges, allowing you to monetize your creation.

Minting NFTs is a pretty simple operation, and leading markets such as NFT LaunchPad make it simple for newbies. Because of the massive growth of the NFT business, there is fierce competition among creators, with new collections appearing on a daily basis. As a result, if you want to use this route, you’ll need to make sure your project stands out.

After you’ve built your own NFT and added it to the blockchain, all you have to do now is wait to see whether anyone wants to buy it. This is where marketing comes into play, as most collections will go unnoticed by potential investors unless they are actively promoted. You will receive the money from the sale (less the marketplace charge) whenever your NFT sells, which you can withdraw to your crypto wallet.

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