Since 2021, NFT has created one wealth myth after another, enabling countless NFT native residents to realize wealth freedom. Today, the NFT craze is growing, and more and more organizations and players are rushing into the space, all hoping to get a piece of the NFT market. So, how do ordinary users quickly earn their first bucket of gold through NFT?
How does NFT make money?
After the rapid development of the NFT field in the past two years, the gameplay has gradually become diversified, and the channels and ways to make money have also been enriched, mainly in the following aspects.
1. Trade NFT
NFT trading is the basic channel to realize the value transfer and realization of NFT. Its principle is the same as the trading of cryptocurrency spot, that is, to buy NFT when the price is relatively low, and sell it at a higher price after the price rises, so as to earn the difference in the middle.
For example, in November this year, I bought aNFT called BAYC #7 on PlaNFT. The purchase price was 3000 MATIC, and I sold it with a price of 50000 MATIC. It was sold in less than two weeks. Now it sells for 88000MATIC, which is the NFT’s charm.
2. Launch NFT
For artists, the release of NFT is undoubtedly the best way to increase their personal fame and realize the realization of their works. In March 2021, American artist Beeple’s artwork Everydays: The First 5,000 Days was auctioned at Christie’s for $69.3 million, creating a new milestone in the field of NFT. In May of the same year, five Andy Warhol digital images created in 1985 on ProPaint were licensed by the Andy Warhol Foundation and converted into NFT works by Christie’s for sale. Five 4,500 by 6,000 pixels Tiff images sold for a total of $3.37 million. It can be seen that the combination of NFT and art provides artistic creators with new opportunities for wealth.
However, among the NFT platforms on the market, there are not many platforms that provide NFT technical services. Among the platforms I have experienced, PLaNFT is quite good. It supports one click casting publishing NFT. The types of casting NFt include collectibles, music/videos, personality avatars, and hash NFT. Artists or creators simply upload their works, cast them as NFT with one click, and put them on the market for sale.
It’s not uncommon in the NFT world for your artwork to be sold at a premium if it’s amazing or if the audience happens to like it.
3. Create the NFT club and monetize fans
In the Web2 space, it is not uncommon for Kols or influencer to provide services to their fans and create paid groups for profit. However, in the field of NFT, people prefer to join clubs to interact actively, such as BAYC club and CryptoPunk Club, where only NFT holders can join and enjoy club benefits such as whitelist and airdrop.
In October this year, PlaNFT held a club creation competition, all KOL can come to PlaNFT to create a club on the chain, and then the club’s identity card NFT gift or sell to their fans, fans through the NFT verification of success can join the club, enjoy the club resources. Onlyfans, YouTube, and Twitter Kols flocked to participate. Many Kols sold thousands or even tens of thousands of NFT a day, instantly making tens of millions in profits. While making profits, it also successfully created its own high net worth on-chain club.
4. Release NFT blind box
In the last two years since Bubble Mart’s popularity, the release of the NFT Blind Box has become an important means for NFT project parties and stars to attract players. During the World Cup, soccer superstar Cristiano Ronaldo released his personal NFT series of blind boxes, which contain seven animated figurines with four rarity levels: Super Super Rare (SSR), Super Rare (SR), Rare (R) and Normal (N). Each NFT statue depicts an iconic moment in Ronaldo’s life. The current transaction value of the NFT series is 156.5908 ETH, or about US $177,811.97.
In addition to stars keen on NFT blind boxes, many generative art creators are also keen on releasing NFT blind boxes. In November, a number of generative art creators released a number of NFT blind boxes on PlaNFT, using the AI generation technology provided by PlanFT. Some NFT blind boxes were sold out within a few minutes, bringing huge profits of tens of millions to these creators.
conclusion
As one of the most popular tracks at present, NFT has attracted the attention of many art creators and Kols. The combination of NFT and art has changed the way of making a living for creators. The appearance of Proof of NFT verification method subverts the traditional paid subscription model and brings the fan economy into Web3. However, BAYC, Moonbirds, Doodles and other hundred-fold NFT have been born, which makes NFT players see another possibility to get rich. It is believed that with the promotion of NFT craze, more creators and Kols will stand out in this field in the future, gain fame and absorb huge wealth.
