Are you looking for an NFTs project idea that you can explore this year? The good news is; you don’t have to be tech-savvy to explore these opportunities. People think non-fungible tokens (NFTs) go beyond just crypto art; NFTs can be used in different industries and purposes.
Undoubtedly, people make a lot of money selling NFT artwork, but it is still possible to make money through other means. If you are wondering how to go about this, this article got you covered; here are some ideas for starting a venture with NFTs.
1. Start an NFT Online Course
NFTs are gradually growing into a hot topic, faster than the time it took Bitcoin; this means more and more people are looking for ways to learn about NFTs. You can seize this opportunity by creating an online course that teaches people about NFTs and their prospects, but first, you need to know a thing or two about how to mint, produce and sell NFTs and the entire ecosystem as a whole. Once you are knowledgeable enough, consider starting a masterclass or creating a course to bring newcomers up to speed. You will make money charging participants for the Bootcamp or per course. Price should be fixed depending on your level of expertise.
2. Create An NFT-Themed Blog
Content they say is king; there can never be too much information on the internet. Thanks to the craving for NFTs, there will always be an audience for any blog that covers NFTs related stories and news. Take advantage of this opportunity and gather your audience to monetize the blog with affiliate links or ads.
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3. Create An NFT Forum
An online community is an excellent place to learn about NFTs because it would house both experts and newbies. Bitcointalk is a good example; all you need to do is set up a forum that focuses on NFTs. This is a great way to earn money if you run banner ads.
4. Become A Broker
NFTs are being bought and sold in record numbers. Naturally, there’s a high demand for secure, encrypted marketplaces and brokerages that allow buyers and sellers to view, commission, and transact NFTs.
Daily, thousands of NFTs are being bought and sold across the globe. This means an increased demand for safe, encrypted brokerages and marketplaces that allow people to view, commission, and transact NFTs. This is a financially rewarding opportunity staring you in the face.
5. Strat An NFT Newsletter
For now, there aren’t many NFT newsletters solely focused intensely on NFT. this is also another project that you should take advantage of; all you need to do here is gather all the latest NFT related news, significant auction sales, press releases, and market development into a newsletter (it could either be a weekly or a monthly newsletter). If you can gather enough audience, then you have a very profitable venture on your hands.
6. Create and Market Your Own NFTs
Even if you don’t know how to draw an apple, nothing stops you from creating your digital arts. In the world of NFTs, any art can be sold, even if it is just abstract. All you need to do is convert your art into an NFT and market it on popular forums like DeviantArt, Reddit, and Wetcanvas. What matters here is only aesthetics and your ability to sell the NFTs art. Then getting it to a NFT marketplace like DigitalEyes is your next step. And then you can start earning.
After all that has been said, for those interested to do a project, but not sure what NFT’s are, here is a rough explanation to help you get the picture, and maybe develop some project ideas on your own.
So, it is a unique piece of digital content that you can buy and sell. It could be a thumbnail, a GIF, or something else – but the key is that if you own that piece, no one else can have it. Unlike a photo one can find on the internet that 1000 people can download and it is always a copy – each of these precious pieces has its own string which by no chance can be duplicated. In a way, it is like having a famous piece of art, like Mona Lisa.
It’s also important to mention these are based on the blockchain network. Because of this fact, people have more or less the same view on it, as they once did when the crypto market started evolving.
It has become so popular lately that some people have reported discussions about it even in some of the games popularly played online. The idea of it is dividing people between those who are skeptical and those who see a good opportunity to make money. The first ones are wondering whether this is just some news made to hook you to the idea, and that will fail soon or whether it is a new way to make money for artists who, among other things, because of the pandemic, are barely making a living. On the other hand, the ones who see a good investment opportunity claim that through NFT you can get rich extremely quickly, just as you could a couple of years ago when the crypto market had a boom. Talented ones should know that these works of art can be made yourself, and can be sold for a serious amount of money, so it is not surprising that the whole world looks at this trend with both skepticism and excitement.
NFT’s are so much more than just digital art. They can be used in an infinite number of ways. For example creating electronic cards that have beautiful graphics and some attributes that provide certain benefits to those who have them (for example, Royalty, which gives the owner one percent of all platform revenue for life).
In addition to beautiful graphics, they open up many opportunities for reactive art, so we can get works that were created as a reaction to current events in the world relatively quickly.
The NFT is still formative and will inevitably need years to develop like other industries. If your project doesn’t experience an instant hit, don’t sweat it; you can try another.
When it comes to startup projects, the market is still completely rough right now. If NFTs arts can sell for millions, you can certainly seize other avenues. To take advantage of this, try your hand on one of the projects listed above.