A guide to earning with NFTs

Over the years, we have seen a plethora of digital art blossom before our eyes. In 2021, the renowned digital artist, Beeple, sold his NFT for $6.6m. But not everyone is like Beeple…

Some people list their work for months with nothing tangible to show forth. While others want to get on this moving train but don’t know where to start. This begs the million-dollar question: What is the secret to earning through NFTs? Surely, you would like to know what Beeple did differently from other creators. In this piece, we will dive into the secrets of earning through NFTs.

Understanding NFTs

Anyone would be excited to start profiting off NFTs. But before learning the ways of earning, you have to understand what NFT is.

NFT is an acronym that stands for Non-fungible token.

What do we mean by non-fungible? Fungibility entails that an asset can be exchanged for a similar one. Take currency money as an example. Currency money is said to be fungible because a denomination of $100 can be interchanged with two denominations of $50.

Also, there are a ton of notes of a certain denomination in a country. Let’s assume the denomination in question is $100. No matter where you go, as long as you see a $100 note, its value remains the same.