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Topic: People Who Suddenly Get Rich From NFT (non-fungible tokens). Is it true? (Read 326 times)

legendary
Activity: 2254
Merit: 1377
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Let's not forget that there are millions of NFTs that have good value in the market place but that's it, the worth of the NFT is just there, no one is buying them anyway, I wish I can become lucky with NFTs but I doubt if for small-time investors like me, the few good NFTs always have high value.
Yes those nft arent easy liquidated,  but when you bumped into a good and quality one, you can easily set to a floor price which can easily be sold by some who are looking for those nft. Some valuable nft arent true as they say like floor price is too hight but when you set a price on that one no one buying it. Its due to the fact buyers looking for a good one with packed rarety and has a considerable value for them.
member
Activity: 263
Merit: 15
Let's not forget that there are millions of NFTs that have good value in the market place but that's it, the worth of the NFT is just there, no one is buying them anyway, I wish I can become lucky with NFTs but I doubt if for small-time investors like me, the few good NFTs always have high value.
hero member
Activity: 3066
Merit: 536
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this kind of thing, basically millionaires emerging out of void, always happens quite frequently in the field that is relatively new since it’s also caused by the huge flows of investment that could be going towards them as an early birds.
regardless with NFT it’s all about making some unique NFT and also a good branding.
like most of the newer NFT that got sold out with crazy value within the auctions, some percentage of that money are going towards the ones that minted these NFT and are the ones that produces the arts, if each NFT could be valued millions, just imagine the money percentage they could literally got out of the NFT auction itself, and they surely gonna produces at least hundreds of NFT if it seeming like profitable for them.
The price of NFT was subjective and it can be bought with any price as long as the buyers have money and it can make the seller become the rich guy
newbie
Activity: 34
Merit: 0
The next blockchain evolution came in the form of Ethereum. Ethereum is also a crypto currency that additionally provides a versatile platform which allows developers to implement “smart contracts.” These smart contracts are packets of code that are connected to a digital asset that confirms the asset as individually unique, traceable and verifiable. These contracts can be applied to anything digital and are basically unhackable and uncopyable. All NFT’s (non fungible tokens) have smart contracts attached to them. NFT’s are simply goods that you can obtain in exchange for crypto, typically Ethereum. In other words, the new money is crypto and NFT’s are the digital goods you buy with your crypto money.
jr. member
Activity: 956
Merit: 1
Yah it is true lots of people get rich by simply buying and creating nft also we saw that only 1 chinese people who creats a nft with his own photo and it was sold 10m usd on binance it was amazing and think about him now he is a multi millioner also last time ape nft holder got a huge amount of nft is it not any special thing on this sector?
full member
Activity: 1386
Merit: 101
ComboLabs
The reason why some of the nft are bought expensive is the uniqueness of the art, if you have got something unique or of a memorable occasion and turn into nft the price will be high because of the uniqueness, there are many art collectors who don't mind the high price. The sentimental value is what they are after.
The reason why some of the nft are bought expensive is the uniqueness of the art, if you have got something unique or of a memorable occasion and turn into nft the price will be high because of the uniqueness, there are many art collectors who don't mind the high price. The sentimental value is what they are after.

I think that is the main factor why NFT is valued and bought expensive,
besides that maybe not only its uniqueness but also the value contained in the NFT makes the price expensive,
if we look at it from the point of view of an art collector I think they will be willing to spend money just to buy an NFT that has uniqueness and value
member
Activity: 489
Merit: 16
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NFT for me is the new hope for a new innovative concept that cryptocurrency brings to some crypto enthusiast that can earn from it. Mostly crypto enthusiast earn in NFT by making an art that has a good impact in the market, some puts the NFT into a virtual game that makes people earn from it by a play to earn NFT scheme. That's how cryptocurrency steps up into a new world.
sr. member
Activity: 2296
Merit: 256
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They are lucky people, I know them in my country. Dinakan gozali everyday is a successful young man whose NFT sold more than $100k and got rich instantly even though he was not a famous person at first. Even some enternaiment and almost everyone in my country try to obey him by selling NFT no one can be as successful as him. It's true that playing NFT can be rich, but what unique ideas do you have for riches?
hero member
Activity: 952
Merit: 779
The reason why some of the nft are bought expensive is the uniqueness of the art, if you have got something unique or of a memorable occasion and turn into nft the price will be high because of the uniqueness, there are many art collectors who don't mind the high price. The sentimental value is what they are after.
it is no longer in doubt. for art lovers and collectors. a unique work of art if it has attracted the interest of art collectors then they will not mind the price. they will be willing to pay a price that is unexpected or very high. because for them the beauty and uniqueness of a masterpiece of art is more valuable than money.

and now many art collectors are getting into the world of NFT. then don't hesitate to pour your best work into NFT.
TWW
full member
Activity: 1456
Merit: 109
The reason why some of the nft are bought expensive is the uniqueness of the art, if you have got something unique or of a memorable occasion and turn into nft the price will be high because of the uniqueness, there are many art collectors who don't mind the high price. The sentimental value is what they are after.
The reason why some of the nft are bought expensive is the uniqueness of the art, if you have got something unique or of a memorable occasion and turn into nft the price will be high because of the uniqueness, there are many art collectors who don't mind the high price. The sentimental value is what they are after.
hero member
Activity: 2478
Merit: 695
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The reason why some of the nft are bought expensive is the uniqueness of the art, if you have got something unique or of a memorable occasion and turn into nft the price will be high because of the uniqueness, there are many art collectors who don't mind the high price. The sentimental value is what they are after.
hero member
Activity: 952
Merit: 779
the success achieved in the field of NFT is more to the individual expertise itself. like many artists who enter the world of NFT and achieve success. all of that can not be separated from the expertise they already have before working in the NFT field, namely the field of Artists. they just poured their talent into NFT and it worked.
and to get that skill or talent requires hard work and a lot of time is needed. then it can be said that a result will not lie to your efforts.
Behind success there must be pain.
like NFT ghazali everyday who in fact spends a lot of his time almost more than 3 years every day having to consistently take pictures of himself to be uploaded as an NFT on opensea. then his hard work and consistency deserves a well-deserved reward. and sure enough now he became rich from his hard work through NFT.
legendary
Activity: 2156
Merit: 1018
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not all become rich, some become poor because of NFT
if we look at the success of that person we may think that everything is easy to get, but in reality it is difficult to get the results obtained, all need a process
The Crypto market is very volatile so I can't say NFT can make humans rich because behind someone's wealth there must be someone who is harmed from NFT itself
legendary
Activity: 2576
Merit: 1043
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This is a 22 year old Indonesia college students that make over $1 million from NFT

https://cointelegraph.com/news/22-year-old-indonesian-boy-makes-1m-by-selling-nft-selfies-on-opensea

those are some people who managed to achieve success from NFT. are you also one of the people who are interested in NFT or maybe you have plunged into it?.

Anyone can make it from NFT but there are many that are not profitable.
This just to show that anybody from around the world can create their own NFT's but to become rich just from NFT's is kinda hard TBH.

Its just wow. That is the word that I say when I saw this article. He just posted his 1000 pictures in Opensea and turned it into money. Correct me but there was a picture of him that is selling as high as an Ethereum. Well, there are some who are buying bored apes for 6 digit figures, there are some who are buying a collection of pictures for $69,000,000 so its possible that somebody can sell any pictures that they want to sell.
fvb
member
Activity: 1470
Merit: 13
It is true but it is half of story and half of truth is not the truth.

Crypto market is very volatile so if you read news like there are people suddenly get rich, become billionaires from NFTs, you should know that there are many people lose money from NFTs.

Fact is it is a zero sum game so if a person get millions of dollars from NFT, it means the amount come from another person (loser) or lot of other people (losers) in the NFT market.
This is exactly what you noticed. And it is true that if something has increased somewhere, then someone has decreased. But people are getting richer and that's a fact. This hype will pass and ardent connoisseurs of this sphere will remain. And in my opinion, this is not as simple as it seems, and you need to understand this from the beginning of creation to the result of the sale.
legendary
Activity: 1064
Merit: 1298
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This is a 22 year old Indonesia college students that make over $1 million from NFT

https://cointelegraph.com/news/22-year-old-indonesian-boy-makes-1m-by-selling-nft-selfies-on-opensea

those are some people who managed to achieve success from NFT. are you also one of the people who are interested in NFT or maybe you have plunged into it?.

Anyone can make it from NFT but there are many that are not profitable.
full member
Activity: 1708
Merit: 126
Lucky are those who get rich through NFTs. Yes, I've been hearing lots of testimonies from people who got rich through NFTs but not everyone who grabs opportunities from it gets lucky because most of them were just blessed as they carried by too much hype. Those who invested late usually ended up losing.  NFT is just good for a short-term goal so grabbing opportunities at an early phase would be an edge.
hero member
Activity: 1414
Merit: 542
Yeah, it's possible to get rich from NFT, I remember reading one article about a certain guy who put his selfie in the marketplace and now it's worth a thousand dollars. So just like that, his life suddenly turns around for good.

I guess there's a extreme luck involved as well in the NFT world, but for sure there are many who is not lucky as those individuals and still trying to make it huge in NFT.
legendary
Activity: 2492
Merit: 1232

We definitely don't know the ultimate truth regarding those transactions. But yes, some people are lucky to sell their NFT arts at an expensive price. But don't get your hopes up as not all people can imitate their success. A lot of NFT collectibles will be trash very soon. So if you want to try to get hands on NFT, make sure you do your own research regarding the authenticity of the item. Otherwise, you will be one of those holders of a worthless item.

Personally, I think that these NFT collectibles is a temporary hype and that the interest will drop in this after a while. I don't get the buzz around these NFT's but as always, multiple people have made a lot of money out of it. That's also the beauty from crypto. There are always new ways to make money if you really want.
I tend to agree, it's all about the hype that could someday it will fade away.
So for now, it is yes, it is true that NFTs sellers suddenly get rich and most of them are those young artists who have skills in art.
Here is a blog of sales report about their NFTs that has been sold.

Even a simple art could be interesting to others and possible those collectibles are becoming expensive someday.
hero member
Activity: 2184
Merit: 513
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Those people are getting good amounts of money from selling their NFTs. I personally didn't even interested with NFT especially in art creation. 1,5% chance to success and more than 98% chance to fail. look at opensea now and it was getting flooded by so many useless picture and photos from so many people that think that they can sell theri NFT to the market easily. This trend was good but at the same time it's bad as well. I should remind you that if this trend is a short term trend. Those who get rich from NFTs are influencers or they have value. I would not be surprised to see that some people can afford to make bunch of money from NFTs caused by they are selling their popularity for the money. I see that so many artists are starting to move into the NFT after they have seen the potential of NFTs but this doesn't mean ordinary person can get rich from NFT.
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