The 4 Main Investments to Try
Non-fungible tokens (NFTS) are making serious buzz on the web as a new way to make investments.
Many people into cryptocurrencies have tried their luck with NFTs, and they sure are having a lot of fun!
This article will tell you all you need to know about NFT and how you can make money from it.
Let’s get started!
What Is NFT: Legit or Another Internet Scam?
Non-Fungible Token, aka NFT, is taking the internet by storm.
To anyone unfamiliar with the crypto world, NFTs might sound foreign. One might even think it’s just another quick passing crypto trend on the internet.
BUT before you make any judgments, we’re here to finally answer that one question in your head: YES, NFTs are legitimate.
NFTs are considered the digital equivalent of something, such as original digital art, fashion NFTs, trading collectibles, and even games.
You might even be surprised to know that you can get NFTs from almost all sorts of digital assets! An infamous blog post, rare audio clips of something, memes, and more!
How Do You Make Money with NFTs? — 4 Investments Worth Noting
Now that we’ve established that NFTs are legit, the next burning question you probably have in mind is, “how are people making money with NFTs?”
Do you need to master the whole blockchain technology? Do you need to invest staggering figures to get a high return? What do people do?
#1 Collectibles, Memorabilia, Sports Cards, and More
Many collectors these days can earn a lot from NFTs, especially if they’re considering selling some of their precious items as digital assets.
Whether you’ve got a bunch of trading cards hanging around or some memorabilia worth a ton of bucks, consider the NFT market an excellent place to showcase your collection.
But it isn’t just physical collectibles anymore for NFTs. Take the NBA, for example, who hopped on this trend and now offers digital form basketball NFT cards!
And the best part is that these cards stay securely stored and practically lives forever!
Read more: Best NFT Trading Card Game
If you want to yield a high return and profit, artworks have been among the best digital collectibles and virtual items to invest in.
Believe it or not, but just this year, a fully digital artwork was sold for a whopping $69 million! Beeple’s NFT broke the misconception people had over NFTs.
Who would have thought that digital works could be sold for THAT MUCH?
Similarly, a Miami-based art collector named Pablo Rodriguez Fraile scored some serious $ when it flipped a beeple digital art piece. He earned nearly 1000x more than the original price of the art piece within six months!
The Opensea website even had a JPEG for sale, costing $359,000. Now that’s huge!
But in this day and age, nothing is impossible. So you’ll need to have a critical eye to know what artworks will be worth millions.
Read more: Most Expensive NFT Sold
Next to artworks, fashion items have also created serious buzz in the crypto world.
Many brands and designers have created digital versions of their most iconic pieces, and they’ve sold some signature items.
This new fashion market is a level-up to the traditional markets we have now.
And don’t worry because there is a way to know if the items are legitimate and not counterfeit, thanks to the data stored on the blockchain network.
You can always trace back to who has ownership over the pieces.
#4 NFT Gaming
There’s a lot of changes to be expected in the video game industry.
Today, several NFT video game developers allow players to buy and sell NFTs and even trade some items with other players.
These in-game NFTS have almost become a mode of currency or reward for them in these games, and we don’t see this trend dying anytime soon.
If we’re being honest, these games might even be the stepping stone for all other innovations in the gaming industry.
Read more: Top NFT Games of 2021
Selling NFTs: Is It Worth It?
Selling NFTs can be done by anyone. You don’t have to be a prominent fashion designer or artist, nor do you need to have a fancy collectible to create NFTs.
You can create your OWN NFTs and sell them in the NFT marketplace. And don’t worry, we’re sure whatever you sell is NOT worth nothing.
Just be mindful, though, that not all NFTs are worth the same.
You’ll have to know how much your collection is worth to score a good deal. And once you’ve got that down, you’ll be able to unlock the secret behind how to make money with NFTs.
One of the common things most people sell on the marketplace includes videos, music, audio clips, and memes!
Should You Invest in NFT?
We understand the hesitation of several people when it comes to NFTs. It’s new and unconventional, and you can never really tell if it’ll be out for long.
But so far, we’ve heard and seen a lot of great things thanks to NFT technology.
Not only that, but NFT popularity is increasing. Many video game developers, fashion designers, brands, among others, have already started with their digital asset collection.
After all, they KNOW they can make money with NFTs.
However, since the playing field is still a bit new, we recommend investing in NFT startups first. Not to mention, a lot of startups are showcasing great innovations!
As long as you research widely, get all the data you need, and stay diligent, you should be stress-free. Invest wisely!
If not, well, let’s say your investment will end up basically worthless.
Read more: How To Invest In NFT
If you’re looking for a new way to earn money, consider non-fungible tokens. These digital tokens are a new way to make investments, and soon enough, various industries will be hopping on this innovation.
Making money with NFTs sounds like a fun thing worth trying out!
Although there’s still a lot of things to be done until people finally catch on, give it at least a year or more, and we’re sure NFTs will be changing the world!
Creating NFTs will become a thing of the future!
We hope you enjoyed this article! For any questions, feel free to drop them in the comments below.