5 Proven Ways to Make Money with NFT – Active and Passive Income -2022

5 Proven Ways to Make Money with NFT - Active and Passive Income -2022

The growth of NFT’s over the years have cause a stair for investor in both stock and crypto and even among a lot of newbies to ask the question How to make money on NFT. many wants to make money and do not know how to do that exactly.

If you are thinking of making money with NFT you should think of the best approaches, how to make money with NFT in details and also the best platforms and wallets you can use in storing and trading your NFT. below are the best ways to do that.

Here are the 5 proven ways people make money with NFT.

Below are the lists of ways you can employ to make money with NFT Tokens. and i will explain one after the other how to really do it.

  1. You can make money by Staking.
  2. You can make money by Trading.
  3. You can make money by HODLing.
  4. You can make money with Play-to-Earn (P2E) NFT Games.
  5. You can make money by Minting your own NFT.

You can make money by Staking NFT.

Crypto blockchain platforms like, Ethereum and other tokens under the ethereum blockchain offers a proof of stake earning for crypto holders, and this has also been implimented on NFT because it also a representation of a token weather or not it is minted with a token under Bsc blockchain or ethereum blockchain.

So it requires you to lock up your digital asset on a trusted Defi platform in other to receive rewards usually called Proof-of-Stake (PoS) in the network native tokens.

These helps platforms to validate transactions that is on the network just like when computers arround the world confirms transaction on BTC blockchain with computer powers.

Few platforms offers staking NFT for rewards but mainly in the P2E gaming sectors like Zookeeper and MOBOX.

So this is one of the best approsh to take if you want to make money with NFT staking.

Note: Cryptocurrency are unregulated investment product and are highly volatile market.

You can make money by Trading NFT.

This process makes you more money than usual because it is more geared up. it increase your capital in time. it requires the buy and sell of the same or different NFT in short amount of time and repeat the process .

In a similar terms it is a bit different from NFT HODLing and flipping that let you hold for a long period of time until it worth millions.

Make Money with NFT

What you need to know is that this process takes more patience and knowledge in the NFT market than just HODLing, because trading NFT relies on buying into an undervalue market and sell once it sees a little profit then sell it off.

Repeating this the process can result to exponential gain in a long term, this si why trading NFT id common among investors.

Note: Cryptocurrency are unregulated investment product and are highly volatile market.

You can make money with NFT HODLing.

HODL is one of the best strategy to employ if you are looking to make millions on NFT. For crypto traders this terms “HODL” is not new, For those who have not heard of the popular terms ‘HODL’ which stands for ‘Hold On for Dear Life’ which trend during the GameStop short squeeze of 2021.

Since then it has been used for a strategy of not selling no matter the cost and regardless of what happen in the market.

If you strategically conduct it, you will for sure make millions on NFT. lets go back to the example of CryptoPunks, investors back in 2017.

Some of cryptopunk investor who sold off because the price of their NFT is not appreciating meanwhile those who choose to hold are the one that end up with the gains when prices skyrocketed in 2021.

HODL NFTs
Make Money with NFT

Another thing you need to know is that this will not always work for every project you just need to choose the one that you believe in and one that has a strong community.

Note: Cryptocurrency are unregulated investment product and are highly volatile market.

You can make money with Play-to-Earn (P2E) NFT Game.

You might be wondering what is Play-to-Earn (P2E) NFT Game? well it is another way to make a passive income on NFT.

It has been a different approch on NFT space that let holders earn while playing game and generating reward via their native token meaning you can sell it to fiat or spend to buy more characters on the game. to join most of these Play-to-Earn (P2E) platforms, you will need to get their nft to get started.

Using NFT games make passive income on NFT is now the most popular among other strategist i have listed above because it give you daily money and you earn based on your participation or how good you are playing games.

One of the most top Play-to-Earn (P2E) platforms is Axie Infinity is game the let users battle one another to earn rewards and the way it was structured you can also use your earned to buy more battling items.

Axie Infinity P2E
Make Money with NFT

Buying their native tokens to gain indirect exposure to the platform is also a strategy you can employ so based on the community growth you earn on their token instead on NFT.

There are other project that have gain fame like Axie Infinity  are Silks, The Sandbox, Decentraland, and more. with time these projects are likely to grow ore and gain more exposure because this trend is not going anytime soon.

Visit Silks NFT Game

Note: Cryptocurrency are unregulated investment product and are highly volatile market.

5. Minting Your Own NFTs

Minting is the process of making your own Digital art like music, image , domains and others NFT and put it up for sale in the best NFT market place that makes it easy for you to list and monetize it once you have created it on the blockchain.

Minting of NFT is kind of easy and straight forward with platforms like Opensea ‘the largest NFT market place’.

Due to the fast rising NFT markets, their are more creator everyday and more buyers every day which makes the competition among creators intense. so if you want make money minting as a creator you need to make sure that your creation stands out.

NFT LaunchPad NFT minting
Make Money with NFT

Lesa assume you have created an NFT art and minted it , you just need to wait for someone in the market place to purchase , this is where you need to do your promotion and market your at to make more sales ,once your NFT have been sold, you will receive your money from your sales minus the platform trading fee.

Note: Cryptocurrency are unregulated investment product and are highly volatile market.

Related Articles

%d bloggers like this: