HOW TO MAKE MONEY WITH NFTs IN 2021

 

WHAT IS NFT?

NFT stands for Non-Fungible Token. In otherwords,  NFTs transform digital works of art and other collectibles into one-of-a-kind, verifiable assets that are easy to trade on the blockchain.

NFTs are unique and not mutually interchangeable, which means no two NFTs are the same.

HOW DOES NFT WORKS?

At a very high level, most NFTs are part of the Ethereum blockchain. Ethereum is a cryptocurrency like Bitcoin and Dogecoin, but its blockchain also supports these NFTs, storing additional information that provides different functionality than ETH coins, for example. It's worth noting that other blockchains can implement their own version of NFT.

Now let's dive deep into how you can make money with NFTs.

STEP I >>

First and Foremost, install metamask on your device. You can install it either on Chrome, IOS or Android, but, i prefer it more on Chrome for easy access and navigation. 

After Installation on your chrome browser, add it as an extension on your chrome browser, then sign up. I'll advice you use a very strong password and a private key will be generated for you. Keep it safe. The steps are easy and short.

To purchase Ethereum into your account simply click on buy and your wallet address will be visible.

STEP II >>:

Once you are done setting up your metamask account, go to OpenSea.io, create an account and link it to your metamask account.

STEP III >>: 

The next step is to come to this website VC Club where you can find and  mint upcoming NFTs. Both your Metamask and Opensea account will be connected to VC Club server after paying for a gas fee for minting. 

After Purchasing and minting an NFT it will automatically pop up on your opensea profile where you can tag a price on it for potential buyers. 

NOTE: The rare the NFT the more money you can make in the open market place.

Make Sure you have MetaMask installed on you device.