How much can you earn on NFT?

Early we figured out that NFT can be used as a uniqueness certificate, but how do you earn from it?

So, NFT has another application — it can be used as exchange shares.

You’ve probably heard of some artist selling their NFTs for tens or hundreds of thousands of dollars…

Imagine that an artist painted a painting and valued it at $10,000.

They can sell 1 NFT of this painting for $10,000 or 10 NFTs for $1,000

After purchasing these tokens, whether for $10,000 or $1,000, you can resell them for more if there is demand.

In this case, both the author and the buyer earn, who can resell their token on the secondary market.

And there are indeed many examples like this.

For example, the singer Grimes, known as the mother of Elon Musk’s child, sold 400 NFT tokens that were tied to four drawings created personally by her and her brother. In just 20 minutes, the token sale brought Grimes $5.8 million.

Therefore, if you want to make money off NFT, you have several options:

1. Be super popular so that you have a queue of people who want to buy your token)

2. Create additional value with your NFT with utility — access to a closed community or other valuable bonuses available ONLY after purchasing an NFT.

3. Analyze outgoing NFT projects in order to buy yourself the token that can be resold at a higher price)

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