Assalamu Olaikum friends,
Today I will talk to you about a very important matter. That is, NFT is currently trending. Those of you who know nothing about NFT should read this post. So without further delay let's start.
What is NFT?
Full From NFT is a Non-Fungible Token, that is, it is a Cryptographic Token, which is presented as a Unique token or Digital asset. A person's NFT shows that he has some ancient art technique that no one else in the world has. NFT is a unique token or digital asset, whose value is created based on its value.
NFT is a Crypto Token similar to Bitcoin that can be used for various assets such as art, music, movies, games or any collection you have. NFT has paved the way for artists in the world of painting.
NFT is a method of digital purchase of virtual goods. With NFT you can buy things virtually, which is rare. Along with the popularity of Bitcoin and Crypto Currency, the popularity of NFTs is increasing, as they also work through Blockchain technology.
How do NFTs work?
NFT is a digital asset that can be used for completely different things in the world. This proves their value and exclusivity. With the help of NFT, in today's digital age you can buy and sell any painting, poster, audio or video like a normal thing.
In return, you will get Digital Tokens called NFTs or Non-Fungible Tokens. Which you can buy and sell Non-Fungible Tokens through auction in today's new age. Simply put, you can make money by buying and selling any artwork.
How are NFTs made?
Normally no two NFTs can ever match. When a person buys an NFT, he also gets a certificate, which is linked to blockchain technology. Anyone can convert their memes, paintings, videos, music albums, games, etc. into NFTs. Due to Unique codes in NFT, fraud cannot be done.
10 Ways to Earn Money from NFT
There are multiple ways to earn money from e-NFT. Enfty is a cryptocurrency asset founded on digital content and a smart contract. Below are 10 ways to earn money from NFT:
1. Make your own NFT: You can use your creativity to make your own Nofty and sell it. You can list your NFTs on websites and you can earn money from buyers.
2. Use different marketplaces for buying and selling NFT: You can use different marketplaces for buying and selling NFT. Some popular marketplace examples are OpenSea, Rarible, Foundation etc.
3. Promote and Marketing: You can promote your products and undertake marketing efforts. Use social media platforms, create videos to showcase your NFTs, and try running a ball and promotional ad on your NFTs.
4. Sell through commission: You can earn commission by promoting other creators' NFTs to sell them. You can pay commission if someone buys and sells an NFT with you.
5. Sell Community: Connect with NFT Community and be a supporter by selling your NFTs there. You can participate in community events to showcase your NFTs or provide special offers to special community members.
6. Get Financial Incentives: You can purchase NFT and get financial incentives on it. For example, you may receive a special discount or token when you purchase NFT from any platform.
7. Make NFT Videos to Earn Financial Income: You can make videos on NFTs and upload these videos to various platforms for sale. This will show your videos to viewers and you can earn financial income from the videos.
8. Live Auction Sale: You can participate in Live Auction and sell your NFTs in Live Auction. This will connect you directly with the buyers and you can get quick financial income.
9. Use Mining Options: Some of NFTs platforms offer mining options that help you earn financial income. You can mine your NFTs and receive mining resources and income generated there.
10. Create Litecoin: You can create Litecoin and display it on NFTs Marketplace. This can earn you additional token monetary income.
These are just some examples, there are many more methods and opportunities to earn financial income from NFTs . You can choose from them as per your look and preference.
I will talk in more detail in the next post, Inshallah.
