How to Make Money with NFT-Tokens: 7 Basic Ways

The concept of NFT is becoming more and more entrenched in the cryptocurrency industry, the options for using irreplaceable tokens are constantly expanding. And of course, there are many different opportunities to make money from such assets.

In this article, the digiitallife.com editorial staff talks about how to make money from NFT tokens. Many of these ways of earning can be described as passive, and they also vary in their degree of risk.
What are NFTs
Technologically speaking, NFTs are cryptographic tokens that, unlike conventional tokens, are strictly unique: each token is different from and cannot be replaced by another, hence the name (irreplaceable tokens). Accordingly, the value of each token is determined individually, based on what it contains, who the author is, etc. It’s like with works of art.

The NFT format can include:

Digital paintings and animations.
Video and audio.
In-game items for blockchain games — weapons, decor, etc.
Plots of land in meta universes.
In addition, any real objects of the physical world can also be tokenized, then the buyer of NFT gets the right to the real object.

The important advantage of NFT is that the user’s rights are hardwired into the blockchain. Whoever holds the token in the blockchain wallet is the sole owner of the tethered object. That said, for example, pictures other people are free to copy and save, but that would be like making reproductions of artists’ paintings.