What are NFT tokens

These are digital assets based on blockchain technologies and protected from counterfeiting. With their help, you can save the right to any invention, music track, book, painting or other product. The reliability of coins is due to the use of blockchain, which protects the goods from counterfeiting and hacking.

NFT tokens are an entry in the registry of the blockchain chain, which is simultaneously located on tens of thousands of computers. Unlike ordinary coins, which are interchangeable and have no uniqueness, each NFT is individual and has its own characteristics. In fact, it is a digital certificate that is attached to a specific object.

Each NFT contains detailed information about the creator, buyers and transactions that were carried out with his participation. Such a token is unique, it cannot be divided or replaced by any other coin. Almost any product can be sold in the NFT format. It can be a 3D model, video, text information, pictures and music.

The cost of NFT tokens is unlimited and depends on the popularity of the creator and the demand for the product. For example, singer Grimes sold drawings in the form of NFTs for $5.8 million, and DJ 3LAU managed to sell an album in the form of a non-fungible coin for $11.6 million.

How to earn and get NFT tokens

With the growing demand for non-fungible tokens, more and more people want to earn NFT tokens. Below are the top best ways to achieve your goal.

P2E games

To get NFTs, you can use P2E games built on the “play to earn” principle. NFT tokens are embedded in them, which are used to conduct transactions, pay rewards, improve characters, etc. The most popular games that allow you to solve this problem include Sorare, Spells of Genesis, Alien World, Football Coin and others. In many games, you can “multiply” tokens and in this way increase income (this method is discussed below).

Distribution

There are frequent giveaways of NFT tokens in the cryptocurrency space. As a rule, this applies to clients of certain projects and companies. To receive coins, it is enough to take part in the promotion and fulfill simple conditions. Most often, distributions are held in Discord groups, for example, Alien Words or Cryptomon Keys.

NFTs are distributed to the most active users who complete the following tasks:

  • placement of posts and articles;
  • participation in the life of the group;
  • writing comments;
  • assistance in the promotion of the project.

Such distributions are in demand, because they allow you to get coins for free.

Practical jokes

To attract attention, the administration of many projects holds drawings, the winners of which can receive NFT tokens. As a rule, such information is displayed in their social networks. To participate in these events, you will have to fulfill simple conditions, and in case of winning, the participant receives NFT on an electronic wallet. You can use the #nftgiveaway hashtag to follow these events on social media.

Airdrop

With the advent of cryptocurrencies, airdrops have become popular – advertising campaigns that provide for the distribution of tokens. The purpose of such an event is to attract the attention of potential clients of the project. Most often, airdrops are found when promoting projects from the GameFi series.

To participate in the airdrop, you must meet certain conditions:

  • creating an account on the site;
  • subscription to the official account of the company in the social network;
  • writing an article about the project;
  • attracting a friend;
  • posting a positive review, etc.

To search for airdrops, you can use special sites, for example, DappRadar or Play To Earn.

Reproduction of tokens

One way to get NFTs is to use the power of some P2E games in the form of breeding. To create new tokens, you must have one or more NFTs on hand. They can be bought or found for free through the airdrops or giveaways mentioned above. Terms and rules of reproduction are individual for each game.

Creation of new coins

If you have some unique product, you can create your own NFT and earn money from it. The algorithm of actions is as follows:

  1. Installing a cryptocurrency wallet, such as MetaMask or TrustWallet.
  2. Choosing a marketplace for creating NFTs. The most popular platforms include Binance, OpenSea or Rarible.
  3. Uploading the file to be converted into NFT.
  4. Creating a non-fungible token.
  5. Replenishment of a cryptocurrency wallet to pay commissions and fees.
  6. Placement of finished NFT for sale.
  7. Waiting for a buyer to be found.

When choosing a platform for creating an NFT, it is necessary to take into account the size of commissions, the availability of the necessary tools, the ability to contact support, the number of potential buyers, etc. To increase the chances of selling, it is important to create NFTs that have value.

Resale

If you want to make money on NFT, you can buy an existing token and sell it at a higher price. Non-fungible tokens have long been used as an object for trading, and many people have managed to become millionaires with their help. In 2021, the total income from the resale of such assets exceeded $2.5 billion. But here it is important to take into account a number of nuances:

  • high risks associated with a possible loss of interest in the asset;
  • dependence on the reputation of the creator;
  • the need to have an initial amount for investments.

The amount of earnings is difficult to calculate, because a lot depends on the situation on the market and the correct choice of NFT.

Using the Influencer Path

To obtain non-fungible tokens, you will have to gain popularity. On the way to achieving the goal, you can use social networks and television. You can become famous in music, gaming, political, scientific or other fields. As soon as popularity comes, it is possible to create an NFT and sell it for a large amount. The more famous a person is, the greater will be the value of his product.

Staking

A promising option is passive income in the form of staking. The bottom line is that the owner of the NFT transfers tokens for storage on a certain service without the right to use for a certain time. During this period, he is rewarded. The staking feature is available in many modern games and marketplaces. An example is Axie Infinity or Band Royalty. When using staking, it is important to be aware of the downside risks.