How To Make Money With NFTs?

What is an NFT? NFT means Non Fungible Token. It is described as the digital representation of physical things and even digital things through Blockchain technology.

NFT investments are currently booming in some countries and may spread to more with time.

For instance, the former CEO of Twitter, Jack Dorsey recently sold an NFT of his first tweet for millions of dollars.

Yes, someone actually paid millions for that (even though the person has had difficulty finding an interested buyer of the NFT since then). And it is growing. People are snapping up NFTs for lots of stuff, including artworks.

It’s not a get-rich-quick scheme. But it’s certainly made money for several people notably celebrities and artists.

The usual way to generate money from NFTs is by selling them on NFT-dedicated marketplaces. Today, there are several such marketplaces where people create, list, sell, and exchange NFTs including. They include OpenSea. Mintable.

One observation I have made is that at the moment, it appears celebrities find it easier to make money from NFTs than non celebrities.

If NFTs are to become a more mainstream way of earning, then mainstream people should be able to easily make money from it. Otherwise, it could in time be limited to an elite who understand it and know how to profit from it.

You can see more on NFTs here.

Note that this article is not financial advice, rather it’s done for educational purposes.