I've seen people making millions of dollars selling NFTs on popular blockchain platforms. Things that were thought to be worthless are now worth a ton of cash. While all of this sounds great, it's not easy to create a unique NFT that would gain demand on the market. High gas fees on the ETH blockchain, makes it unprofitable to sell NFTs on it. Binance Smart Chain would be a better choice, but mainstream adoption on the platform is still low these days (when compared against Ethereum).
I'm wondering how do I make money with NFTs? Some guidance would be greatly appreciated. Thanks in advance.
I'm wondering how do I make money with NFTs? Some guidance would be greatly appreciated. Thanks in advance.
The biggest hype in the NFT-sphere is in gaming. So you can find a game where you will buy different things, play this game and maybe sell them in the future. The examples are DuckWaves and Decentraland.
As for digital art, I don’t find this way to earn very reliable. It is just a fortune. Nobody can predict whether your own work or work you have bought would be valuable.
In addition to this, digital art and gaming is not the limit of ERC721 tokens. They can be used in many other things. So I hold the point of view that you should invest in projects that offer tokenization of physical things and documents.