3 Ways to Make Money with Non-Fungible Tokens (NFTs)
There’s no doubt that Non-Fungible Tokens are the most popular trend in the crypto community right now. From celebrities to respected companies, everyone is talking about launching their own NFTs. But not all NFTs are made equal: while some are worth a fortune, some can be practically worthless. Let’s take a look at some of the most profitable ways individuals and companies are making money during the current NFT gold rush.
1. Digital Works of Art
When it comes to sheer profitability, individual NFT artworks are by far the most valuable Non-Fungible Tokens ever created.
On March 11th, the history of blockchain technology and the history of art changed forever. Christie’s, one of the most renowned auction houses in the world, sold an NFT work of art for $69 million. It was the first time when Christie’s auctioned a fully digital artwork.
The piece entitled “Everydays: The First 5000 Days” was created by a digital artist Mike Winkelmann, better known as Beeple. The NFT is not a single artwork but a collage of 5000 tokenized images which Beeple was creating every day over the course of years.
While some people are already raising concerns that selling what is essentially a link to a picture for millions of dollars could be just a front for money laundering, others believe that NFTs are a true revolution in the world of art.
Continue reading: https://www.entrepreneur.com/article/368122