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Last Updated on June 8, 2022 by coffeepo
In recent months, there has been a surge in the popularity of non-fungible tokens (NFTs). This can be largely attributed to the success of Decentraland, which raised over $24 million in its token sale. NFTs are unique digital assets that are not interchangeable with other tokens. They can be used to represent anything from virtual goods to real world objects. As NFTs continue to gain traction, more and more people are looking for ways to make money with them. In this article, we will explore some of the options available for doing just that.
So far, there are three main ways to make money with NFTs: creating and selling digital assets, investing in NFT projects, and participating in NFT-based games.
Creating and selling digital assets is the most obvious way to make money with NFTs. If you have any skills in graphic design, 3D modeling, or web development, you can create your own NFTs and sell them on one of the many online marketplaces. The most popular marketplace for NFTs is OpenSea, which has sold over $12 million worth of NFTs to date. Another popular option is SuperRare, which focuses on art-based NFTs. If you’re looking to create and sell your own NFTs, be sure to check out our guide on how to do just that.
Investing in NFT projects is another great way to make money with NFTs. There are a number of different ways to do this. One option is to invest in NFT startups through crowdfunding platforms like Kickstarter or Republic. Another option is to invest in established companies that are experimenting with NFTs, such as Animoca Brands or Dapper Labs. Finally, you can also invest in cryptocurrency exchanges that offer trading pairs for NFTs, such as Binance or KuCoin.
Finally, you can also make money by participating in NFT-based games. The most popular game in this category is Decentraland, which allows players to buy, sell, and trade virtual land parcels using MANA tokens. The game has been extremely successful so far, with over $24 million worth of MANA tokens sold in its token sale. Other popular NFT games include CryptoKitties, which allows players to breed and trade digital cats, and Axie Infinity, which allows players to collect, train, and battle teams of digital pets.
Final Thoughts
As you can see, there are a number of different ways to make money with NFTs. Which option you choose will depend on your skillset and interests. If you’re looking to create and sell your own NFTs, be sure to check out our guide on how to do just that. And if you’re interested in investing in NFT projects, be sure to check out our guides on how to invest in ICOs and how to invest in cryptocurrency.
