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The year 2022 is definitely the ideal time to start making money from NFTs. If you are not familiar with the NFTs, and you are not completely sure how you can use them in your best interests, you do not have to worry because in this article we will give you all the relevant pieces of information that will help you start making a profit from the NFTs. Well, let’s get started.

Before we start giving information on how to make money from NFT, we should definitely explain this term. So, NFT, or in other words, the non-fungible token, actually means that its main feature is that it cannot be replaced by something else. To clarify, this actually means that every single NFT is unique and cannot be replaced by something else. When you swap one NFT for another, you actually get a completely different thing. What is especially important to say is that NFT allows you to digitally own something, whether it is a work of art, an image, an audio file, or any other digital asset.

So, NFT can be any kind of a digital file, but when a specific file becomes an NFT, it gets two extremely important features-  authenticity and immutability. NFT makes it possible to prove the authenticity of certain digital content, while at the same time, blockchain technology enables a situation where that digital failure cannot be removed so easily.

And, in the end, before starting thinking about making money with NFTs, what you should also know is that NFTs are part of the Ethereum blockchain, and the currency used on the Ethereum blockchain is Ether cryptocurrency. 

 >>>Visit the BEST NFT Marketplace<<<

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How to make profit with NFTs

Now that we know what NFT is and how it works, we can start explaining possible ways to make money from NFTs. There are several different options that we have at our disposal to make a profit from NFTs.

  1. Make money by creating and selling NFTs
  2. Make money by trading NFTs
  3. Make money by renting out NFTs
  4. Make money by playing NFT games
  5. Make money by setting up a royalty on your NFTs
  6. Make money by turning physical collectibles into NFTs
  7. Make money by staking NFTs

 >>>Visit the BEST NFT Marketplace<<<

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Make money by creating and selling NFTs

One of the best ways to make a profit from NFTs is to create and sell them. If you are wondering who can create and sell NFTs, you will like the answer because we all have the opportunity to do so. All of you who are reading these lines, if you wish, can become the creators of NFTs. If you want, you can create and sell any type of digital content, whether it’s an image, audio file, video file, meme, tweet, or anything else. If you have at least a minimum dose of creativity, you have the opportunity to make any digital content interesting and then monetize it. You can present your digital content in the form of NFT on one of the many existing NFT platforms, and in that way you can generate a nice income from the sale of NFTs that you have created yourself.

 >>>Visit the BEST NFT Marketplace<<<

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Make money by trading NFTs

Another way you have to make a profit from NFTs is certainly trading in NFTs. This is actually one of the easiest and most effective ways to “reap the benefits” of NFTs. So, you have the opportunity to buy an NFT from a certain collection of NFTs, and to earn income by selling it at a price that is higher than the one for which you bought a certain NFT. However, what you should keep in mind is that this is not easy to do, even though it seems so. Namely, in order to profit from NFTs in this way, you have to be wise and evaluate the best possible moment for selling NFTs. Various factors affect the price variation of NFTs, and it is up to you to estimate the right time to sell. So, in order to make a profit from NFTs in this way, you should, first of all, buy a certain NFT at a good price, and two, sell it at the right moment, when the interest in NFT you own becomes great, for a price that is bigger than the one you originally bought it for.

 >>>Visit the BEST NFT Marketplace<<<

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Make money by renting out NFTs

Whether you are a creator or collector of NFTs, there is another opportunity for you to passively generate income from the NFTs you own, and that is through renting NFTs. What is important to note is that when you own a certain NFT, it can bring you income in the long run, and in different ways. One way is definitely to rent NFTs in games or on some other platform, where you will “lend” your NFT cards to other users, for a certain fee in return. There are different platforms where you can rent your NFTs, and what is very important is that every NFT you rent to another user will be regulated by so-called smart contact, which will certainly provide you with the necessary protection and security. In this smart contract, you as the person who rents a certain NFT have the opportunity to determine the conditions such as the duration of the rental agreement, and more importantly, the lease rate for the NFT you are renting.

 >>>Visit the BEST NFT Marketplace<<<

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Make money by playing NFT games

How many times have you thought how nice it would be to play games for money and how nice it would be that every time you pass a level in a game you’re playing you actually get some amount of money for that as a reward. Well, with the emergence of NFTs, and with the emergence of play-to-earn games, these thoughts have become a reality. Yes, it is really possible to make money while playing games. Playing is fun, but NFT gives you the opportunity to get some money in addition to the fun. And the biggest benefit that NFT games are giving us is the possibility to earn cryptocurrencies and later exchange them for money.NFT games allow us to make money by purchasing in-game items as NFTs and later trading them.As time goes on, and as the whole NFT world develops more and more,  we can expect more and more NFT games to appear.  In the future, their number will probably increase, not only due to the possibility of earning money but also due to the fact that NFT games are significantly more advanced than classic video games.

 >>>Visit the BEST NFT Marketplace<<<

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

Make money by setting up a royalty on your NFTs

Another fantastic opportunity to make a profit from NFTs is certainly setting up a royalty on your NFTs. This actually means that every time your NFT changes hands on the secondary market, you can earn money. So, after selling your NFT, you will constantly get some profit. What does that actually mean? Well, for example, if you decide to set a 10% royalty on your NFTs, that means you will get 10% of the total sale, whenever your digital asset is resold to another owner. Great, isn’t it? What’s even better is that you don’t have to re-enter your fee terms every time or manually track payments. It is enough to enforce your royalty terms only once, and after that, you will automatically earn, every time another person buys your NFT.

 >>>Visit the BEST NFT Marketplace<<<

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Make money by turning physical collectibles into NFTs

What the development of NFTs has enabled us to do is to turn our physical collections into NFTs and thus make a profit. So now you have the opportunity to store your physical collections in the form of digital assets on the blockchain and sell them and make money that way. Experience so far has shown that the most popular types of licensed NFT items were sports cards, but as the entire NFT world develops, a lot of different brands are joining. Slowly, a huge number of people are becoming aware of the potential that NFT offers, and they all want to take advantage of these earning opportunities.

 >>>Visit the BEST NFT Marketplace<<<

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

 

Make money by staking NFTs

And, the last way to make a profit from NFTs, which we will talk about today, is making money from staking NFTs. This way of making money from NFTs actually refers to the so-called “locking away” or depositing your digital assets into a De-Fi protocol smart contract. Stacking is actually a kind of storage of certain digital works in the form of a stake, and at the same time, it is the assignment of those digital works to those who want to maintain their upkeep. While someone else “takes care” of those digital works, you get a certain amount of compensation for your NFT. This is another fantastic way to realize passive income from your NFTs.

 >>>Visit the BEST NFT Marketplace<<<

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Where can you purchase NFTs?

Now that we have listed and explained how you can make money from NFTs, a new important question arises: where can you buy NFTs, that is, what is the best NFT Marketplace?

Without a doubt, the best place to start your NFT adventure, regardless of whether you are a creator, a collector, or an NFT investor, is definitely NFT Launchpad, the leading NFT marketplace.

The thing that makes Launchpad the best option for starting your NFT journey is the fact that this NFT marketplace is very easy to use. The assets from Launchpad are denominated in Wrapped BNB (WBNB), which is one of the most widely-used cryptocurrencies. On Launchpad, you can purchase your NFTs in two ways- via auction (traditional or declining), or, via fixed price. You only need to connect your MetaMask wallet to the platform, and in just a few clicks you can buy the chosen NFT.Another benefit of this NFT Marketplace is that you can access it through your web browser, and after you do that, you can buy and mint NFTs with ease. Launchpad offers collections from various top creators, and on this NFT marketplace you can also find the currently popular Lucky Block NFT Collection.

 >>>Visit the BEST NFT Marketplace<<<

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What is the best NFT that you can invest in, in 2022?

The fact is that now that you are familiar with how you can make a profit from NFTs, and when you know where is the best place to buy NFTs, all that remains is to make just one more important decision, and that is choosing the specific NFT you will invest in. Currently, the option that stands out as the best, regardless of whether you are a beginner, or already have experience with NFTs, is investing in Lucky Block NFT.

For those of you who don’t know, Lucky Block NFT is an NFT from the recently launched Lucky Block NFT collection which consists of 10 000 unique NFTs.

What makes the Lucky Block NFT a great choice for investment is the prediction that says that there are huge chances that Lucky Block NFT will achieve similar growth in value, as his “older brother“, the LBlock. You see, in the past, LBlock had amazing growth in value of 6,566%.  If the same thing happens with the Lucky Block NFT, then, by the assumption that you invest $ 1,500, you can, in just a couple weeks, earn an amazing amount of $ 100,000. Precisely because of this prediction, the popularity of Lucky Block NFT is growing day by day, and the number of its investors is also growing. If you have been hesitant about which NFT you should invest in, we hope we have helped you make a decision.

>>>Get Lucky Block Platinum Rollers Club<<<

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How can you buy the Lucky Block NFT?

The Lucky Block Platinum Rollers Club NFT collection is minted on the Binance Smart Chain and that’s why you will need Wrapped BNB (WBNB). If you are using Trust Wallet, just add the coin to your wallet and then swap it with another crypto.

>>>Get Lucky Block Platinum Rollers Club<<<

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Step 1: In Metamask, make sure you are on the Binance Smart Chain.

By default, Metamask will take you to the Ethereum Main Network, and to change the network, you need to click on “Wallet”. After that, you need to select Binance Smart Chain Network (which will be positioned at or near the bottom of the list of networks).

The ones of you who don’t see Binance Smart Chain listed, need to go to Settings – Network – Add Network” and enter the following details:

Network Name: Smart Chain

New RPC URL: https://bsc-dataseed.binance.org/

ChainID: 56

Symbol: BNB

Block Explorer URL: https://bscscan.com

Then, go back to the network settings, choose Binance Smart Chain, and close the view. You will see under the “Wallet” heading that the network is now showing Binance Smart Chain.

Step 2: Get WBNB.

Swap BNB or another crypto for WBNB. Make sure you also have a small amount of BNB to cover gas fees and remember that you will need 3.75 WBNB to buy the NFT.

Step 3: Go to the NFT marketplace in your browser.

Simply go to nftlaunchpad.com.

Step 4: Click the “Connect Wallet” button.

Here, you simply need to click on the “Connect Wallet” button.

Step 5: Connect MetaMask or Trust Wallet

If you are using MetaMask, make sure to be on the Binance Smart Chain network, and also keep in mind that Trust Wallet is not available at launch.

Step 6: Click the “Explore” button.

Here, you will notice Platinum Rollers as one of the collections that you can purchase.

Step 7: Click on “Buy Now” to buy the NFT

Don’t be confused about not seeing the image of the actual NFT during the buying process. You will see it after the transaction is done.

Step 8: Here you will see your NFT appearing in your site profile area.

For accessing NFT Launchpad from your phone, you need to use Metamask’s built-in browser. Simply go to the drop-down menu and select “browser”. Then, type the “nftlaunchpad.com” URL into the address bar to navigate to the marketplace.

Now, you will see the NFT in your profile on NFT Launchpad. Click on the avatar on the bottom left-hand side.

To see the NFT in your MetaMask wallet, go to the import token at the bottom of the assets list. For the contract address paste: 0x78178bb96d3533D45EB4809bfE4c3F69E712b560

Collectible ID: the number of the NFT you bought

Token symbol: LCK

Decimals: 0

As we already mentioned, you can purchase your Lucky Block NFT on Launchpad, but there is one more way to do that. You can purchase the Crypto for your Lucky Block NFT, or any other NFT on eToro, and here we will explain how you can do that.

>>>Get Lucky Block Platinum Rollers Club<<<

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

How to Buy Ethereum NFT?

For Ethereum-based NFTs, you need to own ETH to buy them. Let’s see what’s the best way to purchase Ethereum in this step-by-step guide.

Step 1 – Open eToro

To begin, simply open up the eToro website and create your account. You will be asked to input some basic information, such as your email address and password. You can also make things easier for yourself and simply link your existing Facebook or Google account. 

Step 2 – Set Your eToro Account

To begin your trading journey, you’ll need to make a small deposit. Depending on your country, you can begin investing for as little as $10! Funding your account is easy since eToro offers various payment options. Some of those include PayPal, Skrill, Neteller, but also credit and debit cards. Choose your preferred method and move on to the next step. 

Step 3 – Buy Ethereum

To buy ETH, simply search for “Ethereum” or “ETH” in the search bar, located at the top of the page. There will be a “Trade” button next to the first option. Click on it and enter details about your purchase, such as the number of ETH you wish to buy and your preferred method of payment. In just a few moments, you will have Ethereum on your eToro account.

Step 4 – Connect Your Wallet

The final step is to simply connect your eToro wallet to your NFT marketplace of choice. For Shiboshi NFT, you need to use OpenSea. Open OpenSea and click “Account”. Choose “WalletConnect” and enter the address of your eToro wallet. It’s simple, easy, and quick!

 

 >>>Get Ethereum on eToro to buy the NFT<<<

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

 

Conclusion

Making money from NFTs is not just a matter of the present moment, it is not a “one-hit wonder” whose popularity will just pass. This is simply a matter of the future. The NFT “fever” is just beginning and as time passes, more and more companies, but also “ordinary people”, understand the importance of NFTs and start investing in them. The full potential of NFTs is yet to be realized, and that is why it would be wise to become one of the NFT investors and start investing in NFT right now. Don’t miss the opportunity to make a profit from NFTs, now that you have all the information you need.

Tijana Veljkovic