How To Make Money with NFTs as a Beginner In 2022 [Different Ways + Step By Step Explanation]
You bought an NFT for 200 dollars and sold it a week later for 3000 dollars, you just made a 2800 dollar profit!!!
Yes, This is the potential of NFTs and you can also quickly make money with nfts even if you are a complete beginner.
Non-Fungible Token (NFT) is a concept many have heard of in the last year, and the idea has almost taken off in social media and elsewhere online. Many people have a hard time understanding what NFTs are and what they are used for.
This guide will explain what NFT is and how to make money with NFTs as a beginner, in a simple and beginner-friendly way!
What is NFT (Non-Fungible Token)?
A Non-Fungible Token (NFT) can be compared to a digital asset, for example, in the form of a file. This asset is stored on a blockchain and is 100% unique. This is the same technology used, e.g. Cryptocurrency.
The blockchain is a way to store distributed (decentralized) digital data. Think of it as an extensive database spread over millions of computers so that no one can independently adjust the information in the database.
This has made NFTs beneficial in terms of assets that are usually easy to counterfeit, e.g. Art or collectables. With an NFT, the buyer can ensure that the asset is genuine and original as it is impossible to counterfeit and replace.
In other words, if you buy an NFT, you have an asset - just not physically in front of you. Whether it's a painting or an action figure, you own the thing digitally.
The name “Non-Fungible token” can easily be perceived simply as a “token on an asset that is unique and irreplaceable.” A token can be considered evidence, allowing the owner to prove that they own the asset.
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