6 ways to make money with NFTs in 2022
It becomes obvious that in 2022 NFT goes to the masses. From every corner we begin to hear a combination of these three letters.
Many Internet users have a vague idea of what NFT is. Moreover, the ways of earning on it are incomprehensible. However, in my opinion, the only problem is that there is not much training material on this topic.
NFTs can make you a lot of money — literally millions — and you don’t even have to be a whale in the market, and in some cases all you need is a little bit of luck. NFT can become your main source of income.
NFT can change your life. To help you, we decided to write an article for you, where we will tell you about all the possible earnings on non-fungible tokens.
The first way to earn money is NFT giveaways or NFT Airdrops.
On the Internet, you will certainly come across the term airdrop. We have used the word distribution to make it easier for you to understand.
In simple words, NFTs are literally handed out to the lucky ones for fulfilling certain conditions. In order not to create chaos in your head, we will display the following types of hands.
NFT holder airdrop.
Giveaways for NFT holders. NFT projects can give out various goodies to attract the attention of the community and investors. But not just like that. The only condition is to be the NFT holder of this project.
Let’s take an example. One of the most popular NFT projects Bored Apes has pleased its holders. The owners of the “bored monkeys” were given “sera” that turned their monkeys into uniquely different mutants. There was an offer of 269 ETH (around $900,000) on the marketplace for a monkey owner who received a free serum.
NFT platform airdrop.
Distribution from marketplaces. If you are an early adopter of a blockchain-based trading platform, rest assured that the developers will not forget about you and prepare a gift.
It doesn’t even matter whether you buy something on this site, sell it or create it. For example, huge platforms like Rarible and Superrare used to give away.
If you think that the train has left and new marketplaces are not entering the market, you are very much mistaken. There is a huge demand for NFT now and therefore new sites appear more and more often.
Not to miss the chance to participate in such distributions.
The next type is distributions for everyone.
NFT projects in the early stages resort to this method to attract attention. In order to get the long-awaited NFT for nothing, you need to fulfill certain conditions, which are usually limited to a subscription to the project’s twitter and discord.
Let me give you an example of perhaps the biggest distribution. The CryptoPunks project in 2017 arranged the distribution of 5000 NFT copies absolutely free of charge, users were only required to pay for the “minting” of objects.
P.S. Minting is the process of creating an NFT and writing it to the blockchain. Thus, the lucky ones received their copies.
The cheapest punk is now on the market for $100,000, and the most expensive is $90.5 million.
The next way to earn money is to create your own NFT.
This method is not suitable for beginners. It occurred to every person in this field to create their own product based on the blockchain.
However, there are millions of works on the sites that have not found a response from investors.
You should just know that this way of earning is available to everyone. You just need to approach this responsibly, preferably with a whole team of professionals behind you.
The third way to earn money is play to earn, or “play to earn”.
You heard right, blockchain technology allows gamers around the world to do what they love and earn huge sums of money in the process.
Every blockchain based game has its own ecosystem and economy. Players can receive various NFT items for their achievements in the game, which can later be sold on secondary markets.
In addition, traders are engaged in the sale and purchase of in-game items on secondary markets, fixing profits. Perhaps the most successful project in this area is Axie Infinity. The total sales of in-game items is $1,381,429,245.
Tweets of gamers who have played at home in the Philippines are circulating on the Internet. And a million players today have a stable income thanks to this game.
Axie, in addition, has its own AXS tokens, which the developers also gave away to users.
One player was so lucky that $2 million worth of tokens were sent to his account.
The fourth way to make money is to trade NFTs on marketplaces.
Everything is extremely simple here — you buy cheaper, you sell more expensive. Pure speculation. I don’t see the point in stopping with this method.
The fifth way to make money is staking.
Staking is a way of passive income, in which holders pledge their NFTs, thereby ensuring the efficiency of the blockchain.
For this, investors receive their well-deserved rewards.
De facto, this is passive income on NFT.
And the last way to make money is distributions on Twitter.
I don’t want to attribute this method to Airdrop, which I spoke about earlier. Distributions on Twitter are typical for projects that have a small budget and are at the very beginning of their journey.
The chances that the NFT you win will give X’s are very small. However, all you need to do these giveaways is to retweet, subscribe to the project’s channel, subscribe to the discord and tag three friends. You literally have nothing to lose by participating in this giveaway.
Thus, there are a lot of ways to make money on NFTs. This area is actively developing. Therefore, you should not lose the opportunity to earn big money and change your life for the better.
Dear reader, we are very grateful to you that you have read this article to the end. You got acquainted with the theory, but it would be good to put this knowledge into practice.