Earning money from NFTs is never a guarantee. If you’d like to give it a go, there are several ways you can try.
If you’re an artist, game developer, or any other sort of creator, you can turn your output into NFTs and try to find an audience for them. Minting your work as an NFT can allow you to earn perpetual royalties, which can become a passive income.
If you’re an NFT collector, there are three main ways to try and earn money:
1. Trade NFTs. NFT trading, whether short-term or long-term, is very risky, with no proven way to succeed. Be as active in the NFT industry as possible, learn as much as you can, and never buy an NFT that you cannot afford.
2. Utilise your NFT. If you own an NFT, see if you can utilise it to create income. For example, you can loan a desirable NFT to a third-party, or use it as collateral for loans.
3. Create a fractional NFT. If you own a high-value NFT, you can split it into a number of tokens. This is known as fractionalising. This allows many collectors to own a small part of a more expensive NFT. The legal status of fractionalising NFTs varies between countries. Always look up the laws in your jurisdiction, and seek independent legal advice.