How To Make Money Online 2022: A Beginner’s Guide On NFT
Want to make money online? Of course yes, nowadays everyone wants to.
Do you remember Leonardo DiCaprio in the movie, “The Wolf of Wall Street“, his lavish lifestyle and luxurious vacations in St. Tropez? We youngster, at some point of our life, want to experience the same. Well! I have news for you, you can and you will get that using these SIMPLE and LEGAL ways to make a buttload of money. In this article, you will learn how to make money online using NFTs that will help you to generate extra cash flow even if you are sleeping.
The following image shows examples of some of the most expensive NFTs.
NFT (non-fungible token): What is an NFT?
NFTs are generally known as a particular type of digital collectible. NFTs also known as non-fungible tokens are unique items verified and secured by a blockchain, the same technology used for cryptocurrencies. An NFT provides the authenticity of origin, ownership, uniqueness (scarcity), and permanence for any particular item.
Let’s break the term non-fungible token down a piece at a time.
Non-fungible is an economic term that is used to describe things like your furniture, a song file, or your computer. These things are not interchangeable with other items because they own unique properties. While on the other hand, fungible items can be exchanged because their value defines them rather than their own unique properties. For example, ETH or dollars or INR are fungible because 1 ETH / $1 USD / 1 INR is exchangeable for another 1 ETH / $1 USD / 1 INR.
Token in NFT is derived from something called “the blockchain”. Crypto tokens are a type of cryptocurrency that represents an asset. Currently, most NFTs are created on and live on the Ethereum blockchain.
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How To Make Money Online Using NFT?
Well! we have discussed “What are NFTs?”, let’s see how to make money online using NFT? As the image, in the beginning, shows that NFTs can be anything (digital collectibles) for example, art, video, gifs, image, in-game items like avatars, etc.
For more info on How To Create NFT Step-By-Step read the article How To Make Online Using NFT
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