How to Make Money with NFTs: A No-BS Guide for Beginners

Let’s cut to the chase. You’re here because you’ve heard about people making serious money with NFTs, and you’re wondering, “How do I get in on this?” Or maybe you’re thinking, “Is it too late? Is this just a fad?” I get it. The NFT space can feel overwhelming, but I’m here to break it down for you—no fluff, no cringe, just actionable steps to help you make money with NFTs.

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What Are NFTs, and Why Should You Care?

NFTs, or non-fungible tokens, are unique digital assets stored on the blockchain. Unlike cryptocurrencies like Bitcoin, which are interchangeable, NFTs are one-of-a-kind. Think of them as digital collectibles, art, or even virtual real estate.

But here’s the kicker: NFTs aren’t just about JPEGs of apes or pixelated punks. They’re a gateway to ownership, royalties, and passive income. If you play your cards right, you can make money with NFTs in ways you never thought possible.

How to Make Money with NFTs: 7 Real Strategies

1. Create and Sell Your Own NFTs

If you’re an artist, musician, or even a writer, NFTs can be your golden ticket. Here’s how to get started:

• Choose a Platform: Platforms like OpenSea, Rarible, and Foundation make it easy to mint and sell NFTs.
• Create Something Unique: It doesn’t have to be a masterpiece—just something that resonates with people.
• Set Up Royalties: This is the game-changer. Every time your NFT is resold, you earn a percentage (usually 5-10%).

Pro Tip: Start small. Test the waters with a few pieces before going all-in.

2. Flip NFTs for Profit

Flipping NFTs is like flipping houses, but digital. Here’s how it works:

• Research Trending Projects: Use tools like NFT Stats to find undervalued NFTs.
• Buy Low, Sell High: Look for NFTs with strong communities and utility.