Abiky (OP)
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June 11, 2021, 03:28:19 PM |
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I've seen people making millions of dollars selling NFTs on popular blockchain platforms. Things that were thought to be worthless are now worth a ton of cash. While all of this sounds great, it's not easy to create a unique NFT that would gain demand on the market. High gas fees on the ETH blockchain, makes it unprofitable to sell NFTs on it. Binance Smart Chain would be a better choice, but mainstream adoption on the platform is still low these days (when compared against Ethereum). I'm wondering how do I make money with NFTs? Some guidance would be greatly appreciated. Thanks in advance. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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livingfree
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June 13, 2021, 10:37:33 PM |
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Axie Infinity is another popular NFT blockchain game. You can search for more information about it and you get to play to earn with this game.
While owning the Axie, as you play, you'll be rewarded with its token SLP that you can sell eventually or use to upgrade and breed more Axie's or the character itself.
The actual Axie is the NFT and as you own it, you can use it for playing and make money and then, if you don't like it anymore, you can sell it with a margin.
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ashmodeus
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June 14, 2021, 07:47:38 AM |
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I think you missed the information, ethereum no longer just for whales , fees is reasonable since last week. well forget about fees , about NFT it self , i am not really sure how i make money from it, i mean NFT with just stupid art for me, like cryptopunk NFT , that really ridicilous when i saw it get actioned on shotheby's with millions price.
but now , i mean lately , i playing axie infinity, just because it reasonible for me, i mean , u buying axie NFT and play a game with NFT u just buy , then if u bored ,i mean , u want quit the game ,u can sell it , because every axie have a different skill , so the value of that NFT seems stable. its not just NFT with no function. in a big sense, you have to understand the concept of NFT itself in order to understand whether it can benefit you or not, u must jump into it , then explore by ur self.
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dhemasm
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June 14, 2021, 08:05:53 AM |
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I've seen people making millions of dollars selling NFTs on popular blockchain platforms. Things that were thought to be worthless are now worth a ton of cash. While all of this sounds great, it's not easy to create a unique NFT that would gain demand on the market. High gas fees on the ETH blockchain, makes it unprofitable to sell NFTs on it. Binance Smart Chain would be a better choice, but mainstream adoption on the platform is still low these days (when compared against Ethereum). I'm wondering how do I make money with NFTs? Some guidance would be greatly appreciated. Thanks in advance. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Ethereum GAS Fee was much lower for now and it was reasonable i suppose, BSC Is good alternative too but the market was mainly available only on Ethereum Network. In case you want collect some stuff and get money from your NFT then you can try Axie Infinity, It's classic ARPG Game and you can earn SLP While adventuring, Beside that maybe selling some Art, Music or even E-Book on the Opensea, I personally will try to sell some of my photography (Mainly Natures).
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UKprod
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June 16, 2021, 11:33:29 AM |
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High gas fees on the ETH blockchain, makes it unprofitable to sell NFTs on it. Binance Smart Chain would be a better choice, but mainstream adoption on the platform is still low these days (when compared against Ethereum).
You should check out the WazirX NFT platform. They are built on the BSC rather than on Ethereum and use the native token of WRX and also deploy smart contracts in their NFTs for getting royalty on each resale. This is supposed to be the first South Asian NFT marketplace. Further, regarding the NFT boom and how to make money out of it, i had attended a session on NFT and some termed it as "a hobby of millionnaires". But i personally feel that NFT has created something like a digital wall where i can hang in my paintings or other collectibles. it changes the concept of a lot of things and maybe hard to perceive at this moment by a lot of people.
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OcTradism
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June 16, 2021, 11:55:19 AM |
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High gas fees on the ETH blockchain, makes it unprofitable to sell NFTs on it. Binance Smart Chain would be a better choice, but mainstream adoption on the platform is still low these days (when compared against Ethereum).
Fee on Ethereum network is very low recent weeks and it is amazing time for people who want to move their ETH or ERC20 tokens, for swap, trade or input consolidations 12 to 15 Gwei as gas price is very cheap. The mainstream adoption of NFT will not be only made by Ethereum or Binance Smart Chain or any other smart contract platform, or transaction fee. The main barrier is the risk from NFT tokens. Some people believe in NFTs but the majority are fear about NFTs. I don't think NFTs will die or will never get mainstream adoption. People thought about Bitcoin like that 10 years ago and they were wrong.
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Sterbens
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June 16, 2021, 02:04:43 PM |
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Initially the creation of the NFT was based on the gift of art, a few weeks ago I bet an altcoin for around $50 to own an NFT of paintings by world artists. because login to the BSC network will still be visible on ERC71 when you want to view it. the launch of dozens of NFT-based auctions is still a long way off and I don't expect much more than that. Because the queue is long and does not necessarily guarantee sold, and will hinder the level of bidding from investors.
Currently the same NFT appears which has a high selling value because it is made as a form of appreciation. there are several NFT markets I've been to and most investors are still interested in real art. although some order in digital format.
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abel1337
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June 16, 2021, 02:32:30 PM |
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I'm focused on NFT gaming today. Invest to earn and play to earn NFT games are pretty hot today and It's pretty profitable in my experience. Axie Infinity is one of the hottest game in our country right now and my countrymen want to play the game so much because you can get your ROI in just few months. Buying and selling NFT is pretty profitable too but most of the big earners in NFT games invested on it's early stage.
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Fivestar4everMVP
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June 16, 2021, 02:55:03 PM |
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Well, I personally would have asked this same question too if it had crossed my mind earlier than now. Since the whole NFT craze started, I've had a chance to play with two, but this was out of curiosity, I bought 2 crypto kitties and some dego axes which were supposed to be used in mining dego tokens, all this were on Ethereum blockchain and this was before the fees skyrocketed. Those two crypto kitties I bought since last year are still there as I don't know what exactly to do with them, I don't know how to sell them, I can't even breed them as the network fees are too high, and even if I succeed in breeding, I still do not know how to sell them so I can get my money back. Dego axes I bought same time last year only mined 4 dego tokens and stopped for over 10 months now, I can't even withdraw the 4 dego tokens cus the transaction fees are far higher than the 4 dego is worth, I can't also withdraw my dego axes cus the fees are very high running into thousands of dollars last time I checked, this was a very bad investment for me.
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Gayong88
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June 16, 2021, 03:07:13 PM |
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NFTS 2021 will be the year of NFTs. Unique and rare digital and proprietary artworks can be tokenized, with the largest trading platform at https://opensea.io/. for further I have not entered, however, there are many things that can be formed and done on the platform to make money
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zasad@
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June 16, 2021, 03:31:24 PM |
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I have already written a site for analytics of NTF tokens. https://www.cryptoslam.ioThis can be the same scam as ICO was in 2017. How can you make money that you don't understand? You need to use these projects, buy tokens, communicate with the community, but it's probably easier to invest in cryptocurrencies.
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Silberman
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June 16, 2021, 03:40:14 PM |
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I've seen people making millions of dollars selling NFTs on popular blockchain platforms. Things that were thought to be worthless are now worth a ton of cash. While all of this sounds great, it's not easy to create a unique NFT that would gain demand on the market. High gas fees on the ETH blockchain, makes it unprofitable to sell NFTs on it. Binance Smart Chain would be a better choice, but mainstream adoption on the platform is still low these days (when compared against Ethereum). I'm wondering how do I make money with NFTs? Some guidance would be greatly appreciated. Thanks in advance. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) This is incredibly difficult to do, we know that you cannot make money as a trader of NFTs as those assets on average are having a silent crash and most likely they will never recover taking into account that you do not really own anything even if you pay a fortune for the NFT, the only real option is that you are already someone established, basically someone that is famous on the Internet or an artist and then sell your work that way, if this is not true I would not bother trying to make money with NFTs.
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vlast01
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June 16, 2021, 03:58:58 PM |
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NFTs are now very popular these days maybe because of the unique use of it. In Crypto Game like Axie Infinity, Cryptokitties and CryptoFighters you can earn by playing the game but first you must buy your character or pet to use it in the game it depends to you whether if you want to improved your account or not. There are also NFTs like WarziX which is the platform that features exclusive artworks from the artist where you can bid it to buy or sell if you want to. And I think they are lots of different kinds of NFTs that will be made in the future because of its good progress.
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lixer
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June 16, 2021, 07:43:48 PM |
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I've seen people making millions of dollars selling NFTs on popular blockchain platforms. Things that were thought to be worthless are now worth a ton of cash. While all of this sounds great, it's not easy to create a unique NFT that would gain demand on the market. High gas fees on the ETH blockchain, makes it unprofitable to sell NFTs on it. Binance Smart Chain would be a better choice, but mainstream adoption on the platform is still low these days (when compared against Ethereum).
Well when NFT was in a bubble, all you had to do was create one that looked good and then sell it, that is it. I have seen people make "gif" nft's and sell them for 0.5 eth at the time, and that is not a small amount because we are talking about nearly bulk selling level as well, dudes made like tens of ethereums just from those things and that was insane, you could even make like "limited 10 amount" and then create 10 of those things and that would be like 50 ethereum total, at the 3k+ levels that is 150k+ dollars just from selling 10 gifs, can you imagine how insane that is? Obviously people who buy them sometimes made some money, sometimes didn't make any money at all, there are nft's that loses its value the moment you buy it, one second after you bought, you can't sell it for 10% of what you bought it for, but there were some that gained value as well. Nowadays since market is not doing great, I think nft market is not doing awesome neither.
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asriloni
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June 16, 2021, 11:02:23 PM |
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Honestly, I wanted to make my own NFT, but I haven't had time to put the concept into it yet. why don't you start by making NFT with your skill or hobby? I think it's easier to be creative in making NFT.
It's not easy to create your NFT and you will be also facing a very difficult thing in the marketing of your NFT. Did you think people will be easily to take a look at your NFT? You can take a look at open sea there are bunch of people have created their own NFT but only the NFT issued by the popular guy who get sold in the market. These days people can easily get money from playing NFT games and what you need to play the game and why do we need to think a new concept? it's free to do that but that needs a lot of effort.
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laredo7mm
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June 16, 2021, 11:34:13 PM |
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I've seen people making millions of dollars selling NFTs on popular blockchain platforms. Things that were thought to be worthless are now worth a ton of cash. While all of this sounds great, it's not easy to create a unique NFT that would gain demand on the market. High gas fees on the ETH blockchain, makes it unprofitable to sell NFTs on it. Binance Smart Chain would be a better choice, but mainstream adoption on the platform is still low these days (when compared against Ethereum). I'm wondering how do I make money with NFTs? Some guidance would be greatly appreciated. Thanks in advance. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) I still don't know how I can make money from NFT without buying them. It still seems complicated to me in some ways. What I do is I buy NFT project token to make money but the thing is every NFT project lose more than 60% of its value. My portfolio is also going down because of some NFT projects. I think the NFT market is still very new and it needs time to develop.
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FairUser
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June 17, 2021, 01:06:45 AM |
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I've seen people making millions of dollars selling NFTs on popular blockchain platforms. Things that were thought to be worthless are now worth a ton of cash. While all of this sounds great, it's not easy to create a unique NFT that would gain demand on the market. High gas fees on the ETH blockchain, makes it unprofitable to sell NFTs on it. Binance Smart Chain would be a better choice, but mainstream adoption on the platform is still low these days (when compared against Ethereum). I'm wondering how do I make money with NFTs? Some guidance would be greatly appreciated. Thanks in advance. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) I still don't know how I can make money from NFT without buying them. It still seems complicated to me in some ways. What I do is I buy NFT project token to make money but the thing is every NFT project lose more than 60% of its value. My portfolio is also going down because of some NFT projects. I think the NFT market is still very new and it needs time to develop. Then you should give it some time, I think it really brings a lot of value to this market. I'm not talking about adoption, but finding an NFT in this market is easy, but making it valid is another matter. I have been involved with some events that some projects organize, and they provide NFT tokens and those are the things that bring in money, although not interested in its features but it's money ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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Coin-1
Legendary
Offline
Activity: 2562
Merit: 2259
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June 17, 2021, 01:26:25 AM |
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I'm wondering how do I make money with NFTs? Some guidance would be greatly appreciated. Thanks in advance. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) To make money with NFT, you need to have some skills in the arts. 1) First of all, you spend time and paint a unique picture. It should be beautiful, colorful and attractive to others. Then you scan your canvas and create a JPG file. 2) You register on the NFT platform of your choice. For example, take a look at the Rarible project: https://rarible.com/3) After that, you upload the image file to the website. The platform automatically generates an ERC-721 token to organize an auction. People can connect the Metamask wallet to the service and buy your collectible with $RARI tokens or ETH coins. Profit! ![Cool](https://bitcointalk.org/Smileys/default/cool.gif)
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Psynthax
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June 17, 2021, 01:33:30 AM |
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those nfts that sold for millions of dollar are like rare paintings, they have that much of value because the creators of such art already famous. if you see in the NFT market many of the NFTs are worth less than a dollar and not even an individual bought that despite the price. if it's making some small money you can do it through playing games that reward nft instead. but scoring millions of dollar from an NFT is gonna be very tough, you need to be come the next da vinci in a nutshell.
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