It becomes obvious that in 2022, NFT is going out to the masses. From every corner we begin to hear a combination of these three letters. However, many Internet users have a vague idea of what NFT is. Moreover, the ways of earning money on it are incomprehensible. However, in my opinion, the only problem is that there is not much training material on this topic. NFT can bring you a lot of money – literally millions, while you don’t even have to be a whale on the market, and in some cases you only need a little luck. NFT can become the main source of your earnings. NFT can change your life. To help you, we, the JoyCrypto telegram channel, decided to write an article for you, where we will tell you about all possible earnings on non-interchangeable tokens.
The first way to earn money is NFT
The first way to earn money is NFT distribution or, to put it in English, NFT Airdrops. On the Internet, of course, you will encounter the term airdrop. We used the word distribution to simplify your understanding. In simple words, NFT is literally distributed to the lucky ones for fulfilling certain conditions. In order not to create chaos in your head, we will output the following types of hands.
NFT holder airdrop. Giveaways for NFT holders. NFT projects can distribute various buns to attract the attention of the community and investors. But not just like that. The only condition is to be the holder of the NFT of this project. Let’s give an example. One of the most popular NFT projects, Bored Apes, pleased its holders. The owners of the “bored monkeys” received “serums”, who took them, their monkeys turned into unique mutants that differed from each other. On the market there was an offer of 269 ETH (about $ 900,000) to the owner of the monkey, who received a free serum.
NFT platform airdrop
Giveaways from trading platforms. If you have become an early user of a blockchain-based trading platform, be sure that the developers will not forget about you and will prepare a gift. It doesn’t even matter if you buy something on this site, sell or create. For example, such huge platforms as Raible and Siregg conducted distributions at one time. If you think that the train has left and new trading platforms are not entering the market, you are very much mistaken. There is a huge demand for NFT now, and therefore new sites are appearing more and more often. In order not to miss the chance to participate in such giveaways, subscribe to the JoyCrypto channel, where you will be accurately notified of the appearance of a new player on the market.
The next type is giveaways for everyone. NFT projects in the early stages resort to this method to attract attention to themselves. In order to get the long-awaited NFT for a song, you need to fulfill certain conditions, which are usually limited to subscribing to Twitter and discord of the project. Here is 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 got their copies. The cheapest punk is now worth $ 100,000 on the market, and the most expensive is $ 90.5 million.
Impressive, isn’t it? In order to always keep abreast of upcoming giveaways, I strongly recommend subscribing to our telegram channel JoyCrypto, where up-to-date information will be published regularly.
The next way to earn money is to create your own NFT. This method is unlikely to suit beginners. It occurred to every person working in this field to create their own product based on blockchain. However, there are millions of works on the sites that have not found a response from investors. In the future, the JoyCrypto channel will write an article where we will tell you how to create and implement your NFT project step by step. In the meantime, you should just know that this way of earning money 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 technologies allow gamers around the world to do their favorite thing and at the same time earn huge amounts of money. Each 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 buying and selling 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. The Internet is full of tweets from gamers who have played enough at home in the Philippines. And a million players today have a stable income thanks to this game. Axi, in addition, has its own AXS tokens, which the developers also distributed to users. One player was so lucky that $2 million worth of tokens were sent to his account. An article will soon be published in the JoyCrypto telegram channel, where the most popular games with blockchain technology, on which you can earn money, will be analyzed in detail.
The fourth way to earn money is to engage in NFT trading on marketplaces. Everything is extremely simple here – you buy cheaper, you sell more expensive. Pure speculation. I don’t see any point in stopping at this method. In the JoyCrypto telegram channel, we will soon talk in detail about NFT marketplaces, and an article about NFT will be published in the next few days, which are worth looking at and which can give investors long-awaited X’s.
The fifth way to earn money is staking. Staking is a method of passive earnings, in which holders pledge their NFT, thereby ensuring the operability of the blockchain. For this, investors receive their well-deserved rewards. De facto, this is passive earnings on NFT. If you are interested in staking, you probably may need the following sites:
And the last way to earn money is to distribute on Twitter. I do not want to refer this method to the airdrops that I mentioned earlier. Giveaways in 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 with such drawings is to retweet, subscribe to the project channel, subscribe to discord and tag three friends. You literally have nothing to lose by participating in this draw.
Thus, there are a lot of ways to make money on NFT. This area is actively developing. Therefore, you can not lose the opportunity to earn a lot of money and change your life for the better.