The cryptocurrency market has opened up huge opportunities for monetizing its popularity, business, and creativity. Everyone can create an NFT and start making money on it. In this article, we will figure out in which areas tokens can be used and how they will bring an additional audience, profit, and fame.
NFT-images for $69 000 000
A popular artist is capable of creating an NFT picture worth millions. For example, Beeple sold a collage of 5,000 drawings for more than $69 million. Banksy turned the painting into an NFT and then burned the original, making the token even more valuable. There are more and more examples every day.
Celebrities are also actively turning various objects, photos, and even memes into digital form and successfully selling them. The more famous the author, the more expensive the tokens are sold. For example, a video with LeBron from one of the matches in the form of an NFT went under the hammer for 200 thousand dollars. And the first tweet of the CEO of Twitter was sold for 2.5 million dollars.
But not only paintings are converted into NFTs. Crypto games and their tokens are valued at hundreds of billions of dollars. For example, the sensational game Bored Ape Yacht Club is currently worth $2.5 billion. Both collectors and investors are ready to pay hundreds of millions for unique tokens. Another big NFT collection, Cryptopunks made $2.32 billion in sales.
What to do for those who do not draw like Banksy, and do not “fumble” in the creation of online games? To enter the NFT market anyway because this tool is also actively used by large companies. For example, Pepsi issued tokens in honor of the year of its foundation — 1983 pieces. Warner Bros. with the help of NFT additionally advertised the Matrix-4. McDonald’s was handing out NFT burgers to celebrate the return of the legendary McRib.
4 areas where it is possible to apply NFT to companies.
- Virtual fashion. A digital Gucci bag sold for $1,000 more than the physical original. The active development of virtual reality and online events with avatars makes the field of digital fashion very promising. And the release of options for clothing, accessories, and shoes in the form of NFTs will also make it profitable.
- Events and ticketing. Here it is possible to create not just a high-profile newsbreak, but also various bonuses for those who have purchased a ticket. The demand for the event itself will start to exceed the maximum capacity.
- Goods and services. Digitize a real item, sell it as an NFT, and if the owner of the token wants to request the physical item behind this NFT, the manufacturer (creator) will do so. This will increase the audience and erase the boundaries of sales.
- Loyalty programs and closed clubs. NFT as a pass to some closed sites will warm up interest in the brand and increase the loyalty of regular customers.
There are more and more options for using tokens every day. And in addition to traditional sales, it is possible to increase the number of customers without additional marketing budgets.
Cifris knows exactly how to create a token and sell it profitably on its marketplace. Register on the platform, create NFTs and sell them profitably.
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