How do you make money with NFTs? | Bitcointalksearch.org

andireynold98

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Quote from: CryptoG99 on June 23, 2021, 04:54:39 AM

I am interested in Black Eye Galaxy. Black Eye Galaxy is a decentralized NFT token. Players buy planets, starships and space stations. All as NFTs. Each planet will have it's own resources which can then be mined by staking. After a new planet is discovered it will be sold on the marketplace. The person that originally found it earns 40% of the revenue while another 10% goes to his civilization. If you discover planets with inhabitants, you can use them to create civilizations and launch your own currency. Land on inhabited planets will be sold in the form of NFTs which can be used to build cities, buildings and evolving the planets population and technology. There will be star clusters which can be deployed on different blockchains like BSC, ETH and more. You will also be able to build a space station on the planets orbit and a planet base which will speed up resource mining. A year in the metaverse will equal 24h of our time. They are planning to having planet profiles with first planet sales soon.

Really looking forward to this project in the future, hope it will become more booming in the future. Thanks again for the info

CryptoG99

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Quote from: Balmain on June 28, 2021, 09:59:36 AM

I tried many nft games and two of them I liked and especially able to earn money were axie infinity and lostrelic. Developers will make more unique games over time, I can't wait to try them out. Because of the high fees due to the Ethereum network, many people stay away. When this situation improves or the games running on other networks increase, it will be a good competitive environment.

What do you think of upcoming projects like Black Eye Galaxy? With Black Eye Galaxy the person that originally found the NFT will earns 40% of the revenue while another 10% goes to his/her civilization. It is a really cool concept and I am personally really excited for it.

Abiky

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Quote from: lumierre on July 28, 2021, 01:34:59 AM

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.

It seems that in-game NFTs is where the money's at. These digital items have intrinsic value compared to digital art or paintings. I've seen a few popular blockchain-based games whose NFTs went all the way to the moon. It may be a good idea to buy and "hodl" gaming NFTs until the right time comes to sell them. In crypto land, everything is highly risky so I'd proceed with caution just to be safe. Putting all of your life savings into NFTs may not be a good idea since you could end up losing it all within crypto's ups and downs. I'd be paying close attention to the development of this emerging industry in order to invest my money wisely. Time will tell us whenever NFTs will survive or fade into oblivion as a failed experiment. Just my thoughts Grin

lumierre

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Quote from: Abiky on June 11, 2021, 10:28:19 AM

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.

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.

blockman

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The value itself of the NFT that I've bought is increasing. And there are the common NFT games that we've known due to the popular demand in the public.
That's the best showcase that I've known with it because it's the NFT that became popular not only in the forum but also in our country. Everyone is getting to know more about NFT and liking the essence of it.

zayika570

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Quote from: Bertyda on June 26, 2021, 12:34:08 PM

Quote from: nikita2020 on June 21, 2021, 01:37:57 PM

For any platform with NFT, you need liquidity to create a need for NFT and they have been actively developing. This requires advertising and promotion. For example so https://twitter.com/100XCoin_/status/1406019367352082432

During a falling market, the most important thing is to preserve the user community, and continue to develop the project.

The price of me coins depends on their popularity and on the number of users of me coins. Therefore, it is very important to maintain the popularity of me coins even with a falling market.

Balmain

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I tried many nft games and two of them I liked and especially able to earn money were axie infinity and lostrelic. Developers will make more unique games over time, I can't wait to try them out. Because of the high fees due to the Ethereum network, many people stay away. When this situation improves or the games running on other networks increase, it will be a good competitive environment.

rozak

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Quote from: viananda2525 on June 27, 2021, 03:46:20 AM

check at vulcanverse gaming, its good NFTs gaming that will be trend in near future. basicly this game developted by vulcanforged project and i read in their site looks like possibly for us to make money here. if we are gamers , maybe we need to try this game and earn money . there are alot NFTs project but this project be most promising project now.

looks like Vulcan could be an NFT asset that will be big discussed in crypto forums after Dego some time ago.
Currently, the adoption of the NFT asset exchange has grown. and I guess right now it's just the beginning of the trend of trading NFT assets.
after DeFi, now and the rest of the year will probably be the momentum for the NFT project. and it looks like this year's bull market momentum isn't over yet. it will continue to strengthen.

viananda2525

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check at vulcanverse gaming, its good NFTs gaming that will be trend in near future. basicly this game developted by vulcanforged project and i read in their site looks like possibly for us to make money here. if we are gamers , maybe we need to try this game and earn money . there are alot NFTs project but this project be most promising project now.

Bertyda

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Quote from: Nekonoid on June 22, 2021, 01:09:08 PM

Quote from: nikita2020 on June 21, 2021, 01:37:57 PM

For any platform with NFT, you need liquidity to create a need for NFT and they have been actively developing. This requires advertising and promotion. For example so https://twitter.com/100XCoin_/status/1406019367352082432

Now it is very important to promote a cryptocurrency project, so advertising is needed to draw attention to the project and attract attention to it. Advertising is especially important in a falling market.

During a falling market, the most important thing is to preserve the user community, and continue to develop the project.

bitkanu

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Quote from: nhaila on June 23, 2021, 03:12:22 PM

I am sorry to say that I have a little bit knowledge about non frangible Token NFTs. It's a sticker or memes based non frangible asset which has concerned with gaming plafrorms. One can easily get money buying and selling NFTs.

it's a game and your NFT token will represent the item that can be used in the game. When you wanna buy an item to be used in the game and you must buy from others who have been selling the item that you are looking for that.
The simple explanation if that's the same like the game but the item in the game can be sold or buy with the token.
the token can be converted into the money dude.

Silberman

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Quote from: NicNacCoin on June 22, 2021, 06:14:07 PM

Non frangible Token (NFTs) are like as assets like land and home, you can easily get money from NFTs by selling and buying NFTs. NFTs becoming more and more popular day by day . Most of the people are interesting themselves collecting different NFTs.

Not really, NFTs are collectibles and nothing more, a house and a piece of land can be used for a lot of purposes while a NFT has only one use which is to keep it as an item that is only yours, something that is not really true as the person that sold you the NFT still has the legal rights to the object or digital data and as such could sell it again, similar to what we see with some works of art, so people need to be incredibly careful when buying one of those NFTs as it is possible that in just a few months they will hold no value.

TmHsHel

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Quote from: Nekonoid on June 22, 2021, 01:09:08 PM

Quote from: nikita2020 on June 21, 2021, 01:37:57 PM

For any platform with NFT, you need liquidity to create a need for NFT and they have been actively developing. This requires advertising and promotion. For example so https://twitter.com/100XCoin_/status/1406019367352082432

Now it is very important to promote a cryptocurrency project, so advertising is needed to draw attention to the project and attract attention to it. Advertising is especially important in a falling market.

When the market falls, the popularity of advertising decreases and the prices for advertising decrease.

Rebdoomer

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I compare NFTs and ICOs to the Tulips mania. Infinite supply with the initial hype that increased it's value then the demand faded away towards the end. Though 1% of NFTs were successful like Beeple and Cryptopunks.

CryptoG99

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You make money on NFTs by either minting them, buy and sell or new projects like Black Eye Galaxy.
In this case, players buy planets, starships and space stations. All as NFTs. Each planet will have it's own resources which can then be mined by staking. After a new planet is discovered it will be sold on the marketplace. The person that originally found it earns 40% of the revenue while another 10% goes to his civilization.

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Quote from: bakasabo on June 23, 2021, 03:53:55 PM

Anyone in this topic managed to made money with NFT? I just dont get the idea of it. Besides being speculative instrument, rare NFT has a real purpose or use scenario.
Perhaps when Binance would open NFT marketplace, situation might change. But so far I dont understand how to tell the value of a NFT. I own some. Got them from coingecko candies and from airdrop/bounty (dont remember now). I just have them, but I dont know their value or who would buy them, because they are not unique.

Usually NFT's with low mint number are the ones which would really be that valuable, not all but most likely the uniqueness and supply would be the main

factor or indicator that would really be telling if a certain NFT would be valuable or not and of course it would really be depending on the demand

and this is why there are people whom do collect as much as they can and hoping that the value would really be going up and making out themselves to be

millionaires so this is some sort of lottery for someone who do really believe on but who knows right?

bakasabo

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Anyone in this topic managed to made money with NFT? I just dont get the idea of it. Besides being speculative instrument, rare NFT has a real purpose or use scenario.
Perhaps when Binance would open NFT marketplace, situation might change. But so far I dont understand how to tell the value of a NFT. I own some. Got them from coingecko candies and from airdrop/bounty (dont remember now). I just have them, but I dont know their value or who would buy them, because they are not unique.

perfect999

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Quote from: Abiky on June 11, 2021, 10:28:19 AM

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).

Eventually all of this will go away. I know that it is a hot topic these days, it has been for a while and it is not a new thing, cryptokitties were sort of NFT (similar but a bit different) and got attention in its peak days, and now again in 2021 NFT got the same type of attention.

However at the end of the day we are talking about something that s not really that incredibly valuable, it is just a jpg that you own, you can't "own" them, it can still be shared, so you just own... the nft of it? Basically it is not really valuable, but even if it is for some people, it still should not be valuable as much as it is right now, we should not be looking to have coins that are millions of dollars, or pictures, or whatever they are, basically no NFT should be millions of dollars but for some reason they are. Which is why I believe we are not going to see it go on for very long.

nhaila

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I am sorry to say that I have a little bit knowledge about non frangible Token NFTs. It's a sticker or memes based non frangible asset which has concerned with gaming plafrorms. One can easily get money buying and selling NFTs.

abel1337

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Quote from: livingfree on June 13, 2021, 05:37:33 PM

Axie Infinity is another popular NFT blockchain game. You can search for more information about it and you get to play to earn with this game.

While owning the Axie, as you play, you'll be rewarded with its token SLP that you can sell eventually or use to upgrade and breed more Axie's or the character itself.

The actual Axie is the NFT and as you own it, you can use it for playing and make money and then, if you don't like it anymore, you can sell it with a margin.

We can find lot of game and investment platform like this.But we should aware at all the time.Because it's easy to scam people online.For example,people loss 10 dollar in one time.For the same reason 1000 people had loss their money.It's seems small loss for the people.But if you compare fully,it's around 10k dollar loss.Like this scam happening now in crypto.

Every Investment has its own level of risk. Investing in something that offers you to earn something can reduce the level of risk. Big earners in NFT gambled and risk their asset to buy something that they hope will have value in the future. The majority of investors in NFT's especially on NFT games researched first before investing in it. Scams are pretty common in crypto right now and those who earn in crypto know it well.

JaoBadjap

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A Friend actually introduced me to Axie Infinity.
The thing is, he doesn't even understand crypto at first.
but i explain it to him and now he is earning real good money with it
and he sponsored a scholarship for me,
since i lay low for a while in crypto and got a lot of things going into my life.

Godwinpaul

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NFT Seems to be the new oil well in the cryptocurrency industry that is still being explored and have more opportunities for all and sundry. The market is getting famous and more profitable projects are coming on board. There are some NFT projects on the binance smart chain and that's a good opportunity, though ethereum fees are quite affordable now.

Dread Pirate Roberts

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Quote from: Abiky on June 11, 2021, 10:28:19 AM

I'm wondering how do I make money with NFTs? Some guidance would be greatly appreciated. Thanks in advance.

Not really fans of NFT but i do search some info about it . and most of them are about digital art like painting, gif , etc . and im also trying to use their platform and most of those NFT project required high fee just for listing your own art . i think the concept is almost like payment .

jrrsparkles

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Quote from: Abiky on June 11, 2021, 10:28:19 AM

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.

Those NFTs which are sold for millions are just collectibles and no one id going to sell them back who ever bought it or they won't care about selling it for profits means there is no such definite price range for such kind of projects but there are also tokens are created for free but they are looking to make money with that, which doesn't sound fair to be honest.

CokeCoin

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Unfortunately NFTs now is more a hype thing and this hype is fading away. To gain money on your art there you need to have a HUGE fanbase and part of this base must be ready to deal with crypto. Moreover, unless NFTs will be legally approved there's no real transfer of propietary rights when one buys a NFT. But it can happen in future and that's really high potential.

JackieAinsley

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Quote from: Nekonoid on June 22, 2021, 01:09:08 PM

Quote from: nikita2020 on June 21, 2021, 01:37:57 PM

For any platform with NFT, you need liquidity to create a need for NFT and they have been actively developing. This requires advertising and promotion. For example so https://twitter.com/100XCoin_/status/1406019367352082432

Now it is very important to promote a cryptocurrency project, so advertising is needed to draw attention to the project and attract attention to it. Advertising is especially important in a falling market.

100XCoin is a memecoin and it is very important for memecoin to have a large crypto community and constantly increase the number of active users of the ecosystem in order to increase the liquidity and popularity of the coin.

dhemasm

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Quote from: Fire Rabbit on June 22, 2021, 06:50:10 PM

Why you need eth or bsc network to create NFTs. Choose wax blockchain which is carbon free.
You dont have to pay anything as gas fee here in wax blockchain and thats it highlight.

Well NFT was exist in Ethereum chain in the first place and NFT Community was big there so it's get more traction, Same with BSC Which is 1:1 ETH Copycat. People was also more familiar with Ethereum & BSC Network so i suppose it's normal.

Quote from: Fire Rabbit on June 22, 2021, 06:50:10 PM

If you want to know more about it visit this link https://on.wax.io/wax-io/. I own many NFTs in wax blockchain.

And for this one, Thanks for the information. Bookmarked for now and will take a look later.

CryptoG99

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I am interested in Black Eye Galaxy. Black Eye Galaxy is a decentralized NFT token. Players buy planets, starships and space stations. All as NFTs. Each planet will have it's own resources which can then be mined by staking. After a new planet is discovered it will be sold on the marketplace. The person that originally found it earns 40% of the revenue while another 10% goes to his civilization. If you discover planets with inhabitants, you can use them to create civilizations and launch your own currency. Land on inhabited planets will be sold in the form of NFTs which can be used to build cities, buildings and evolving the planets population and technology. There will be star clusters which can be deployed on different blockchains like BSC, ETH and more. You will also be able to build a space station on the planets orbit and a planet base which will speed up resource mining. A year in the metaverse will equal 24h of our time. They are planning to having planet profiles with first planet sales soon.

xSkylarx

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Making money with NFTs comes with two factor which is influence and talent. You can make NFTs if you are good at painting or can make something unique that will attract people to buy them. Some people with talents can make money out of this but are not noticed because they have no means to promote their service. They just become popular if some influential personality notices them and started promoting on their social media.

If you think you have a talent for this, you can create your own NFT and sell it on a marketplace like Opensea. https://www.cnbc.com/2021/03/23/how-to-create-buy-sell-nfts.html

laohe628

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Quote from: Luqman on June 22, 2021, 06:40:10 PM

Unfortunately, I never make money with NFT. I cannot make it itself and also still have no idea to trade NFT on a certain platform. However, I like how the idea of NFT so far. Moreover, I ever see it on several popular exchanges and platforms. Like now what is going on Binance NFT or Tokocrypto NFT, that is interesting. Moreover, NFT is right now very popular and becomes the new idea of cryptocurrency concepts.

I didn't make any money on NFT either, but i didn't lose any money because i didn't invest any money in NTF. I know NTF is a hype and may be is a good oppotunity to make money from it，but unfortunately i don't understand it at all so that i choose not to involve in it.
Anyway，i wasn't involved in NTF before, and i am not involved anymore. I'm a coward，haha.

Fire Rabbit

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Quote from: Abiky on June 11, 2021, 10:28:19 AM

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.

Why you need eth or bsc network to create NFTs. Choose wax blockchain which is carbon free.
You dont have to pay anything as gas fee here in wax blockchain and thats it highlight.
If you want to know more about it visit this link https://on.wax.io/wax-io/. I own many NFTs in wax blockchain.

Luqman

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Unfortunately, I never make money with NFT. I cannot make it itself and also still have no idea to trade NFT on a certain platform. However, I like how the idea of NFT so far. Moreover, I ever see it on several popular exchanges and platforms. Like now what is going on Binance NFT or Tokocrypto NFT, that is interesting. Moreover, NFT is right now very popular and becomes the new idea of cryptocurrency concepts.

NicNacCoin

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Non frangible Token (NFTs) are like as assets like land and home, you can easily get money from NFTs by selling and buying NFTs. NFTs becoming more and more popular day by day . Most of the people are interesting themselves collecting different NFTs.

Yatsan

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Non-Fungible Tokens (NFTs) have become very loud and popular in our country since last year and become a big boom earlier by this year due to recent success from early adaptors who have been into it more likely ever since 2017 as far as I have remembered upon talking with some people that have introduced it to me recently. The way people earn on NFT are commonly through play and earn on which people are earning tokens from such games and trade or sell trade tokens for a handy on money on exchanges or platforms connected to that NFT they are engaged with.

Nekonoid

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Quote from: nikita2020 on June 21, 2021, 01:37:57 PM

For any platform with NFT, you need liquidity to create a need for NFT and they have been actively developing. This requires advertising and promotion. For example so https://twitter.com/100XCoin_/status/1406019367352082432

Now it is very important to promote a cryptocurrency project, so advertising is needed to draw attention to the project and attract attention to it. Advertising is especially important in a falling market.

Silberman

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Quote from: forexandcryptoauditor on June 20, 2021, 02:21:32 PM

I had the same question a couple of weeks ago. After doing some research, found that it no game for the people who are not artists. I tried doing something as newbie with opensea.io. my first collection is still waiting for approval:)

I could see other NFTs holding value even if they were not created by artists but my problem with them is that they do not really give ownership of the digital asset, you just get a certificate that says that you are but you have no power over it, and as long as that is the case then nothing is going to change and the market of NFTs is going to keep losing interest from investors as they do not see any benefit for them while the creator of the digital content gets the best of both worlds by selling his work and still retain the rights to it.

Gorosden

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The same way you make money from other crypto projects?

1. Buy presales at discount price
2. Sell when listing takes place
3. If the NFT is gaming NFT then you can play to earn some more NFT
4. You can participate in their Yield farming is available or stake the NFT

akirasendo17

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Quote from: laredo7mm on June 16, 2021, 06:34:13 PM

Quote from: Abiky on June 11, 2021, 10:28:19 AM

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 still don't know how I can make money from NFT without buying them. It still seems complicated to me in some ways. What I do is I buy NFT project token to make money but the thing is every NFT project lose more than 60% of its value. My portfolio is also going down because of some NFT projects. I think the NFT market is still very new and it needs time to develop.

There are some nft which have good values, and are stable one of them is axie infinity, you will enjoy playing and breeding them, then you can sell them in the market, that way you will be able to make a profit, but if you will not spend single money with those nft's there is no way you will earn just by looking at them, but you can apply for scholarship program which is very popular in Asia, you can play and have a profit with SLP, with your manager, so you play and earn, at the same time without buying.

imstillthebest

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Quote from: Abiky on June 11, 2021, 10:28:19 AM

I'm wondering how do I make money with NFTs? Some guidance would be greatly appreciated. Thanks in advance.

I just discovered a NFT game and I'm loving it because it generates income for me, all you have to do is to play and you'll earn their own token. With regards to arts, I've been posting some of the personal art on different platform but I didn't get any luck and I didn't sold anything so I stopped working on this one and focus more on the NFT games where my work are fully appreciated, you can also trade with some NFT just always do you own research.

i guess the game your playing is axie ? because this game is getting popular lately.
playing a game to earn is much easier than thinking of a product and transform it to nft and sell it at the right price or if you have an nft you can try trading it to the other nft if you think their nft can be sold easily .

gundala

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Quote from: Abiky on June 11, 2021, 10:28:19 AM

~
I'm wondering how do I make money with NFTs? Some guidance would be greatly appreciated. Thanks in advance.

I have participated in several NFT airdrops from twitter, and have been lucky to win some of them. there is one that I got from nft which is quite a large community, so before I offer someone already bidding up to 0.5 eth, this is really an amazing experience. where we know to sell nft on some big platforms like opensea and rarrible requires quite a large amount of gas. I'm really lucky.
while the other nft that I got from the airdrop is still not selling.
I'm relying on airdrops to get nft, making this a pleasure, in case some collectors bid more.

blackened515

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I tried to upload my NFT on rarible platform, an ethereum based one but the approval fee and minting fee was much, ever since then I waited for Binance NFTs marketplace to launched but it seems it had been launched recently, the platform works better on computer not mobile device, connecting my Binance account via trust wallet was poor and an article says it better on PC, I haven't tried to sell NFT before but I know it's still profiting and people are becoming millionaire from it.

RealMalatesta

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Quote from: Abiky on June 21, 2021, 12:23:48 PM

Making with money with NFTs sure is tricky. As you've said before, not everything will sell on the market. It's all based on luck more than anything else. My best bet would be to buy and sell in-game items and certain digital collectibles. But even so, the risks of loss would be a lot higher than investing into cryptocurrencies directly. I'd give the industry more time until it matures enough in the mainstream world. NFTs are still fairly new and unknown to many people around the world. With due time, the market will decide which NFTs stay and which will go down the drain. Who knows how far NFTs will go as governments devise new regulations that could either stimulate or stifle its growth? Just my opinion

These days people can do things with NFT and that is the trick here, sure it is still not guaranteed income and you could still lose money, but it is still different. Back in the day people bought NFT and sold NFT and that was it, you had to always find new people to come in and buy from the old investors and you can do that for a while but not forever, no NFT project could find new people constantly.

With this new thing, I have seen NFT card games, like the pokemon card games we used to play as a kid, and with it you do not need new people, people who you have in community will keep buying cards and play with it all the time, and that is the trick here, just keep the same people excited about playing and that NFT will make some money to some people. It is still not a sure thing and most of them fails but it is at least something that is different and better.

SaShiRaJaVu

hero member

Activity: 1694

Merit: 541

Quote from: Abiky on June 21, 2021, 12:23:48 PM

~
Making with money with NFTs sure is tricky. As you've said before, not everything will sell on the market. It's all based on luck more than anything else. My best bet would be to buy and sell in-game items and certain digital collectibles. But even so, the risks of loss would be a lot higher than investing into cryptocurrencies directly. I'd give the industry more time until it matures enough in the mainstream world. NFTs are still fairly new and unknown to many people around the world. With due time, the market will decide which NFTs stay and which will go down the drain. Who knows how far NFTs will go as governments devise new regulations that could either stimulate or stifle its growth? Just my opinion

So basically it is based upon luck and there are hundreds of projects popping up to take advantage of the NFT hype and i seriously have no idea which project to look and it looks like the old ICO market where every project claims to be the best market for NFT, the only advantage i see is that the artist can sell their artwork without the help of a huge promoting company.

nikita2020

jr. member

Activity: 184

Merit: 1

Quote from: ?? on ??

I made few transactions on erc20 network today. Price was much lower that earlier. Not low enough, agree.

Yes, now the transaction fee on the ERC20 network is very low, so there is no need to worry about it and complain about it again,
because it is clear that the fees are very cheap nowadays.

For any platform with NFT, you need liquidity to create a need for NFT and they have been actively developing. This requires advertising and promotion. For example so https://twitter.com/100XCoin_/status/1406019367352082432

btcashback

jr. member

Activity: 76

Merit: 1

Looks, now NFT market it is only 2 huge directions.
1. Art
2. Game

Let's check the art. Man, do you really think that cryptopunks is an art Grin

?

Lets' check the games. It is much more interesting story. Let's see deeper. Man, what the real value of the sword outside of game?

So the NFT technology at the moment it is nuclear station that using with ultra low energy conversion efficiency.

It is not exist the strong market based strategy to make profit on the NFT. It is a 100% mix of licky & hype.

The chance to earn on the NFT now is exist. It is exist for famous desiners like Beplee )).

We develop the strong solution based on programmable NFT that is include the value of the real world that available to measure.

So if you are interesting to manage the cash flows in the form of NFT & develop yourself & decrease a risk to zero since the U.S. SEC point of view than meet the BookOcean please. It is U.S. SEC friendly & antifragile NFT project for eBook & Audiobook market with US$36 billion in size.

cheezcarls

hero member

Activity: 2282

Merit: 659

Looking for gigs

If you are good in art, animation, designing, music or so, you can simply convert them into NFT and sell in the market. However, I certainly believe that collectible-type NFTs with no special use cases are going to have little or no value at all in the next few years.

If you want to make money with NFTs, better start off with blockchain gaming. Axie Infinity is one good example where each Axie is an NFT and you can earn money in the form of SLP (Small Love Potions) for your time either in adventure or PVP. However, it is expensive now to buy an Axie team that is averaging between $1000 to $2000.

There are other blockchain NFT games you can play such as Blankos Block Party, My DeFi Pet, etc. The possibilities here are limitless with NFTs that are having real or special use cases rather than just being a collectible.

Abiky

legendary

Activity: 3220

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www.Crypto.Games: Multiple coins, multiple games

Quote from: hatshepsut93 on June 20, 2021, 06:40:44 AM

You make some art, mint an NFT of it and hope it will sell. But most of NFT's aren't actually being bought. Those who can reliably make money off it are celebrities or owners of some existing popular content, like meme pictures or viral videos. Also, there's a theory that a lot of NFT trades are actually money laundering, so you shouldn't feel like you're missing out on easy money.

Some people would say that you can buy an NFT and sell it higher, but IMO that's a stupid idea - there's no way to objectively calculate how much an NFT could cost, this market is driven by hype, and you can easily end up bagholding a useless token.

Making with money with NFTs sure is tricky. As you've said before, not everything will sell on the market. It's all based on luck more than anything else. My best bet would be to buy and sell in-game items and certain digital collectibles. But even so, the risks of loss would be a lot higher than investing into cryptocurrencies directly. I'd give the industry more time until it matures enough in the mainstream world. NFTs are still fairly new and unknown to many people around the world. With due time, the market will decide which NFTs stay and which will go down the drain. Who knows how far NFTs will go as governments devise new regulations that could either stimulate or stifle its growth? Just my opinion

ubercool

hero member

Activity: 1078

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There are many games where you can earn NFTs by playing regularly and you can sell them when the game gets famous or when it's coin gets listed on an exchange. Rplanet is getting popular these days with its staking feature and sales.

fvb

member

Activity: 1470

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As they say, how many people, so many opinions. I heard about it but did not attach any importance. Created memes and gifs, but that's just for understanding. Now, after reading all the opinions, it became interesting and I will study.

forexandcryptoauditor

copper member

Activity: 1190

Merit: 3

I had the same question a couple of weeks ago. After doing some research, found that it no game for the people who are not artists. I tried doing something as newbie with opensea.io. my first collection is still waiting for approval:)

Tessnik

member

Activity: 336

Merit: 16

The NFT market is a new technology in the blockchain that requires technical knowledge and high energy consumption, but again the NFT allows for the rewards of artwork and gainfully employing many artists to get paid for content creation.

Ghondronk

member

Activity: 356

Merit: 14

https://exiptoken.io/

NFT is not one of the tokens which we see usually in the world of crypto. These are unique tokens which may include a digital signature, video, image, etc. In most of the cases, there can only be one of those and will never generate anything similar to that. So once it is bought at the auction, if it is a rare piece, then the value starts to get increased day-by-day.

mobtc

member

Activity: 206

Merit: 13

www.cd3d.app

When NFT first came out, I still didn’t understand this concept. What I knew was that some people used their artworks to auction millions of dollars on NFT.
For us ordinary people, we don’t know how art is. How about participating in NFT?

Woodie

hero member

Activity: 1834

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Rollbit.com ⚔️Crypto Futures

Quote from: Abiky on June 11, 2021, 10:28:19 AM

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.

All I can say is art is strange to say the list, you have to see things from an artist 🎨 eye otherwise you won't appreciate things the say way these guys do.

Quote from: Abiky on June 11, 2021, 10:28:19 AM

High gas fees on the ETH blockchain, makes it unprofitable to sell NFTs on it.

Fees are nolonger an issue, fees are now low and competitive to use for everyone.

Quote from: Abiky on June 11, 2021, 10:28:19 AM

Binance Smart Chain would be a better choice, but mainstream adoption on the platform is still low these days (when compared against Ethereum).

It's strange how things happen, if nft were to be on the BSc chain... chances are that NFTs would never have been popular either, but it happened on the eth blockchain.

poodle63

hero member

Activity: 2702

Merit: 510

Leading Crypto Sports Betting & Casino Platform

Just create your own unique NFT, there are many NFT minters available that doesn't require technical knowledge about the
standard NFT token protocol and if you have free time you can create some random art and put it in the marketplace,
who knows someone might be interested, and tbh, i'm interested in making some kind of picture for blog posts, etc.
just taking a photo from the surrounding environment and gonna post it in internet, i'm sure that's the best way to make money in NFT for today.

hatshepsut93

legendary

Activity: 3024

Merit: 2148

You make some art, mint an NFT of it and hope it will sell. But most of NFT's aren't actually being bought. Those who can reliably make money off it are celebrities or owners of some existing popular content, like meme pictures or viral videos. Also, there's a theory that a lot of NFT trades are actually money laundering, so you shouldn't feel like you're missing out on easy money.

Some people would say that you can buy an NFT and sell it higher, but IMO that's a stupid idea - there's no way to objectively calculate how much an NFT could cost, this market is driven by hype, and you can easily end up bagholding a useless token.

devil2man

member

Activity: 759

Merit: 15

actually the fees on the eth blockchain in my opinion remain high so creating and moving / selling nft does not produce much profit, but an alternative there it is you can use the nft on the wax blockchain where the fees for creating and transferring cards are really low you can have a look here https://wax.atomichub.io/market

dataispower

sr. member

Activity: 1330

Merit: 289

The NFT is a very big field in the Blockchain space, it goes beyond artists alone, they have NFT tokens you can trade and make good profits. I think if you ask me several times how I'm profiting from NTF, I can only say trading their traditional tokens. Like Bake, CHZ, Traias and many of them that have good reputable use cases. However, most NFTs are ERC-71 Tokens so ERC fees don't have much impact on their usability.

Silberman

legendary

Activity: 2534

Merit: 1338

Quote from: ?? on ??

Honestly, I wanted to make my own NFT, but I haven't had time to put the concept into it yet. why don't you start by making NFT with your skill or hobby? I think it's easier to be creative in making NFT.

if your NFT is unique, it will earn you money later on.

This is not as simple as you may believe, you can make your own NFT if you want but who is going to pay for it? The craze for NFTs has died down very quickly as it is something that could not have any future as you gain nothing by buying the NFT, most NFTs did not gave you any kind of real ownership over what was being sold, this is similar to the case of an invisible sculpture being sold, which is not invisible it is nonexistent and yet people paid a lot of money for it.

Abiky

legendary

Activity: 3220

Merit: 1363

www.Crypto.Games: Multiple coins, multiple games

Quote from: Teraboy on June 14, 2021, 03:36:59 AM

I think that this article will give you a complete explanation about the example of how people were making their money in the crypto currency

https://www.cnbc.com/2021/05/14/people-in-philippines-earn-cryptocurrency-playing-nft-video-game-axie-infinity.html

People earning, selling and buying NFT. If the platform has a solid product and NFT can be trader just like weapon, char, land and various things and you can earn money from this.

It's a wild and crazy world we're living these days. Who would've thought creating a "meaningless piece of art" (no offense intended) would sell into millions of dollars (USD) in an instant? As much as I'd love to make money with digital arts or paintings, I'm not quite familiar with graphics design. In-game items and other digital collectibles would be a much more suitable option for me. I think games with NFTs is where the money's at. What's stopping this from happening is the Blockchain's limited transaction throughput. If blockchains were infinitely scalable, then creating and selling an NFT would be a no-brainer. At least, the idea is there. Making it a success is another story. Just my opinion

danherbias07

legendary

Activity: 3318

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Leading Crypto Sports Betting & Casino Platform

I'm playing NFT games. That's how I make free money before without investing.
AlienWorlds project which was play to earn had some good days before. You can mine like 20-30 TLM per day valued at $0.5 each. But the dump happened and investors snuck out, making the value lesser and now the mining capability got low. Good old days.

Right now I just invested some money in MyDefiPet project (Axie like game) hoping the value could soar one day. Fingers crossed.
Bought DPET coins at $0.4 and now at $0.8 each.

Psynthax

hero member

Activity: 2366

Merit: 504

those nfts that sold for millions of dollar are like rare paintings, they have that much of value because the creators of such art already famous. if you see in the NFT market many of the NFTs are worth less than a dollar and not even an individual bought that despite the price.
if it's making some small money you can do it through playing games that reward nft instead. but scoring millions of dollar from an NFT is gonna be very tough, you need to be come the next da vinci in a nutshell.

Coin-1

legendary

Activity: 2618

Merit: 2304

Quote from: Abiky on June 11, 2021, 10:28:19 AM

I'm wondering how do I make money with NFTs? Some guidance would be greatly appreciated. Thanks in advance.

To make money with NFT, you need to have some skills in the arts.

1) First of all, you spend time and paint a unique picture. It should be beautiful, colorful and attractive to others. Then you scan your canvas and create a JPG file.

2) You register on the NFT platform of your choice. For example, take a look at the Rarible project:
https://rarible.com/

3) After that, you upload the image file to the website. The platform automatically generates an ERC-721 token to organize an auction. People can connect the Metamask wallet to the service and buy your collectible with $RARI tokens or ETH coins.

Profit! Cool

FairUser

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Activity: 1344

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bit.ly/3QXp3oh | Ultimate Launchpad on TON

Quote from: laredo7mm on June 16, 2021, 06:34:13 PM

Quote from: Abiky on June 11, 2021, 10:28:19 AM

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 still don't know how I can make money from NFT without buying them. It still seems complicated to me in some ways. What I do is I buy NFT project token to make money but the thing is every NFT project lose more than 60% of its value. My portfolio is also going down because of some NFT projects. I think the NFT market is still very new and it needs time to develop.

Then you should give it some time, I think it really brings a lot of value to this market. I'm not talking about adoption, but finding an NFT in this market is easy, but making it valid is another matter.
I have been involved with some events that some projects organize, and they provide NFT tokens and those are the things that bring in money, although not interested in its features but it's money

laredo7mm

hero member

Activity: 1498

Merit: 537

Quote from: Abiky on June 11, 2021, 10:28:19 AM

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 still don't know how I can make money from NFT without buying them. It still seems complicated to me in some ways. What I do is I buy NFT project token to make money but the thing is every NFT project lose more than 60% of its value. My portfolio is also going down because of some NFT projects. I think the NFT market is still very new and it needs time to develop.

asriloni

legendary

Activity: 3038

Merit: 1024

Leading Crypto Sports Betting & Casino Platform

Quote from: ?? on ??

Honestly, I wanted to make my own NFT, but I haven't had time to put the concept into it yet. why don't you start by making NFT with your skill or hobby? I think it's easier to be creative in making NFT.

It's not easy to create your NFT and you will be also facing a very difficult thing in the marketing of your NFT. Did you think people will be easily to take a look at your NFT? You can take a look at open sea there are bunch of people have created their own NFT but only the NFT issued by the popular guy who get sold in the market. These days people can easily get money from playing NFT games and what you need to play the game and why do we need to think a new concept?
it's free to do that but that needs a lot of effort.

lixer

hero member

Activity: 2688

Merit: 588

Quote from: Abiky on June 11, 2021, 10:28:19 AM

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).

Well when NFT was in a bubble, all you had to do was create one that looked good and then sell it, that is it.
I have seen people make "gif" nft's and sell them for 0.5 eth at the time, and that is not a small amount because we are talking about nearly bulk selling level as well, dudes made like tens of ethereums just from those things and that was insane, you could even make like "limited 10 amount" and then create 10 of those things and that would be like 50 ethereum total, at the 3k+ levels that is 150k+ dollars just from selling 10 gifs, can you imagine how insane that is?

Obviously people who buy them sometimes made some money, sometimes didn't make any money at all, there are nft's that loses its value the moment you buy it, one second after you bought, you can't sell it for 10% of what you bought it for, but there were some that gained value as well. Nowadays since market is not doing great, I think nft market is not doing awesome neither.

vlast01

full member

Activity: 364

Merit: 105

Dolphins Finance TRUSTED FINANCE

NFTs are now very popular these days maybe because of the unique use of it. In Crypto Game like Axie Infinity, Cryptokitties and CryptoFighters you can earn by playing the game but first you must buy your character or pet to use it in the game it depends to you whether if you want to improved your account or not. There are also NFTs like WarziX which is the platform that features exclusive artworks from the artist where you can bid it to buy or sell if you want to. And I think they are lots of different kinds of NFTs that will be made in the future because of its good progress.

Silberman

legendary

Activity: 2534

Merit: 1338

Quote from: Abiky on June 11, 2021, 10:28:19 AM

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.

This is incredibly difficult to do, we know that you cannot make money as a trader of NFTs as those assets on average are having a silent crash and most likely they will never recover taking into account that you do not really own anything even if you pay a fortune for the NFT, the only real option is that you are already someone established, basically someone that is famous on the Internet or an artist and then sell your work that way, if this is not true I would not bother trying to make money with NFTs.

zasad@

legendary

Activity: 1932

Merit: 4602

Buy on Amazon with Crypto

I have already written a site for analytics of NTF tokens.
https://www.cryptoslam.io
This can be the same scam as ICO was in 2017.
How can you make money that you don't understand?
You need to use these projects, buy tokens, communicate with the community, but it's probably easier to invest in cryptocurrencies.

Gayong88

member

Activity: 1540

Merit: 22

NFTS 2021 will be the year of NFTs. Unique and rare digital and proprietary artworks can be tokenized, with the largest trading platform at https://opensea.io/. for further I have not entered, however, there are many things that can be formed and done on the platform to make money

Fivestar4everMVP

legendary

Activity: 2422

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Leading Crypto Sports Betting & Casino Platform

Well, I personally would have asked this same question too if it had crossed my mind earlier than now.
Since the whole NFT craze started, I've had a chance to play with two, but this was out of curiosity, I bought 2 crypto kitties and some dego axes which were supposed to be used in mining dego tokens, all this were on Ethereum blockchain and this was before the fees skyrocketed.
Those two crypto kitties I bought since last year are still there as I don't know what exactly to do with them, I don't know how to sell them, I can't even breed them as the network fees are too high, and even if I succeed in breeding, I still do not know how to sell them so I can get my money back.
Dego axes I bought same time last year only mined 4 dego tokens and stopped for over 10 months now, I can't even withdraw the 4 dego tokens cus the transaction fees are far higher than the 4 dego is worth, I can't also withdraw my dego axes cus the fees are very high running into thousands of dollars last time I checked, this was a very bad investment for me.

abel1337

legendary

Activity: 2492

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Enterapp Pre-Sale Live - bit.ly/3UrMCWI

I'm focused on NFT gaming today. Invest to earn and play to earn NFT games are pretty hot today and It's pretty profitable in my experience. Axie Infinity is one of the hottest game in our country right now and my countrymen want to play the game so much because you can get your ROI in just few months. Buying and selling NFT is pretty profitable too but most of the big earners in NFT games invested on it's early stage.

Sterbens

sr. member

Activity: 1848

Merit: 341

Duelbits.com

Initially the creation of the NFT was based on the gift of art, a few weeks ago I bet an altcoin for around $50 to own an NFT of paintings by world artists. because login to the BSC network will still be visible on ERC71 when you want to view it. the launch of dozens of NFT-based auctions is still a long way off and I don't expect much more than that. Because the queue is long and does not necessarily guarantee sold, and will hinder the level of bidding from investors.

Currently the same NFT appears which has a high selling value because it is made as a form of appreciation. there are several NFT markets I've been to and most investors are still interested in real art. although some order in digital format.

OcTradism

hero member

Activity: 1722

Merit: 801

Quote from: Abiky on June 11, 2021, 10:28:19 AM

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).

Fee on Ethereum network is very low recent weeks and it is amazing time for people who want to move their ETH or ERC20 tokens, for swap, trade or input consolidations 12 to 15 Gwei as gas price is very cheap.

The mainstream adoption of NFT will not be only made by Ethereum or Binance Smart Chain or any other smart contract platform, or transaction fee. The main barrier is the risk from NFT tokens. Some people believe in NFTs but the majority are fear about NFTs. I don't think NFTs will die or will never get mainstream adoption. People thought about Bitcoin like that 10 years ago and they were wrong.

UKprod

member

Activity: 237

Merit: 67

Let's create the Indie Metaverse!

Quote from: Abiky on June 11, 2021, 10:28:19 AM

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).

You should check out the WazirX NFT platform. They are built on the BSC rather than on Ethereum and use the native token of WRX and also deploy smart contracts in their NFTs for getting royalty on each resale. This is supposed to be the first South Asian NFT marketplace.

Further, regarding the NFT boom and how to make money out of it, i had attended a session on NFT and some termed it as "a hobby of millionnaires". But i personally feel that NFT has created something like a digital wall where i can hang in my paintings or other collectibles. it changes the concept of a lot of things and maybe hard to perceive at this moment by a lot of people.

Teraboy

hero member

Activity: 2282

Merit: 505

I think that this article will give you a complete explanation about the example of how people were making their money in the crypto currency

https://www.cnbc.com/2021/05/14/people-in-philippines-earn-cryptocurrency-playing-nft-video-game-axie-infinity.html

People earning, selling and buying NFT. If the platform has a solid product and NFT can be trader just like weapon, char, land and various things and you can earn money from this.

dhemasm

full member

Activity: 1829

Merit: 134

Moderator

Quote from: Abiky on June 11, 2021, 10:28:19 AM

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.

Ethereum GAS Fee was much lower for now and it was reasonable i suppose, BSC Is good alternative too but the market was mainly available only on Ethereum Network. In case you want collect some stuff and get money from your NFT then you can try Axie Infinity, It's classic ARPG Game and you can earn SLP While adventuring, Beside that maybe selling some Art, Music or even E-Book on the Opensea, I personally will try to sell some of my photography (Mainly Natures).

ashmodeus

hero member

Activity: 1638

Merit: 518

I think you missed the information, ethereum no longer just for whales , fees is reasonable since last week. well forget about fees , about NFT it self , i am not really sure how i make money from it, i mean NFT with just stupid art for me, like cryptopunk NFT , that really ridicilous when i saw it get actioned on shotheby's with millions price.

but now , i mean lately , i playing axie infinity, just because it reasonible for me, i mean , u buying axie NFT and play a game with NFT u just buy , then if u bored ,i mean , u want quit the game ,u can sell it , because every axie have a different skill , so the value of that NFT seems stable. its not just NFT with no function.
in a big sense, you have to understand the concept of NFT itself in order to understand whether it can benefit you or not, u must jump into it , then explore by ur self.

livingfree

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Activity: 2884

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Hire Bitcointalk Camp. Manager @ r7promotions.com

Axie Infinity is another popular NFT blockchain game. You can search for more information about it and you get to play to earn with this game.

While owning the Axie, as you play, you'll be rewarded with its token SLP that you can sell eventually or use to upgrade and breed more Axie's or the character itself.

The actual Axie is the NFT and as you own it, you can use it for playing and make money and then, if you don't like it anymore, you can sell it with a margin.

Abiky

legendary

Activity: 3220

Merit: 1363

www.Crypto.Games: Multiple coins, multiple games

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.

Topic: How do you make money with NFTs? (Read 773 times)