What is the NFT?
The NFT is short of a non-fungible token phrase which means a non-interchangeable token unit of data stored on a blockchain. NFTs data units may be associated with digital files such as images, photos, videos, 3D models, audios, or even domain names.
A non-fungible token is unique and cannot be such as cryptocurrency. This is because currencies are not unique and interchangeable. For example, $100 can be divided to $50 + $30 + $20 to get a value of totally 100 USD. And the matter is similar to cryptocurrencies 1 ETH can be divided into 0.7 and 0.3 ETH to be equaled 1 Ethereum. As well as, the NFT is one kind of digital asset that belongs to you only.
Seemingly, non-fungible tokens are taking the world by storm and bringing new opportunities to designers and artists. This storm was purged when the ( Everyday: the first 5000 days ) was sold for $69.3 million at Christie's last year. After that, The CryptoPunk #3100, one of 10,000 unique collectible characters was sold for $7,6 million.
Basically, anything digital can become an NFT, and as artists create, paint, or even sing pieces of works and music due to selling in original, anyone can create the same and do it with NFTs and sell it at a high price or by an auction.
How To Start an NFT Project?
When the matter relocates with starting an NFT project to make money online, I can guarantee that you are going to launch a big project, and either to start with a budget to trade buying and selling and paying gas fees or starting with 00 dollars and no need to pay any fees.
Typically, there are 2 types to select an NFT project size, as I mentioned before, either to create an own NFT and sell them or on the other side being a non-fungible token trader.
Generally, most of the trading platforms offer NFTs trading like Binance and Coinbase, but the best place to trade NFTs is opensea.io. Apparently, OpenSea is the world's first and largest NFT marketplace was founded by Devin Finzer in October 2017. On opensea.io you can create an account using a software cryptocurrency wallet. Metamask is one of the best software cryptocurrency wallets used to interact with the Ethereum blockchain. After that, you are required to add a fund to your wallet due to but an NFT art, or when you will list your NFT to sell in the marketplace to pay a gas fee on the Ethereum blockchain. On the other hand, the Polygon blockchain is totally free. The minimum to list an NFT to sell is 0.001 ETH which equals around $3.
Personally, I'm not a designer but I'm really interested in launching an NFT project. Currently, I'm using Canva to create images and turn them into original non-fungible tokens on the OpenSea platform for sure. Canva is one of the best graphics software platforms to create designs. Or, being more professional, PhotoShop can be better. But, to give the world a good NFT project, you should create a lot of non-fungible token images as 10,000. But, the matter is easier, because there are many software apps that help in generating thousands of unique images. In other words, hiring an online designer in Fiverr can be the best solution to create for you professional art NFT images 2D or 3D in a short time and at a good price.
Can I really Make Money Through NFTs?
Yes, we can earn money by selling NFTs, but the fastest and most lucrative way is investment money. This is because many entrepreneurs and investors utilize non-fungible tokens like stocks and profit by trading: buying and selling them.
Conclusion
This decade is giving us many opportunities to launch an online business to get success in our lives. The NFT project is considered one of the bigger online projects to earn real money even starting from zero and scratch for beginners and for those who cannot invest money. Just everything requires having a passion, a goal, and a dream to be completed once. What is more, the story of the Indonesian student ( Sultan Gustaf Al Ghozali ) who took selfies daily for 5 years, and sold them as unique NFTs.
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