How to make money from NFT?

Suba

Notable
Member
Nov 11, 2022
3,879
471
Dex
$0.000
Raw Dex
$1.585
Non-Fungible Token or NFT is content in the form of a token embedded in a blockchain (smart contract). famous NFT examples are CryptoPunk #7523, Crossroad, The Merge etc.
NFT prices can reach tens of millions of USD, such as The Merge's price is $90 million USD. Most of the NFTs are traded using ether (ETH), a coin made by Ethereum. although many also use Solana and Cardano,
 
AgoraForo - Digital Marketplace & Freelancer Forum

Mikky

Notable
Member
Jul 14, 2022
2,376
715
Dex
$0.000
Raw Dex
$0.000
I came to know about NFT early this year, I got a few billionaire nfts then, I even had a rare one which worth 10,000ETH but i lost interest in nft the moment i my 10,000ETH nft was delisted down to a very demoralising price(not even up to $1) .
 

cherry123

Popular
Member
Sep 5, 2022
27,449
2,611
Dex
$0.401
Raw Dex
$0.090
I came to know about NFT early this year, I got a few billionaire nfts then, I even had a rare one which worth 10,000ETH but i lost interest in nft the moment i my 10,000ETH nft was delisted down to a very demoralising price(not even up to $1) .
Oh why that was so low what would have cost list. Then this feels like a gimmicks just to lure people to indulge what do you think?
 

Bisolami

Very Familiar
Member
Sep 19, 2022
17,833
1,538
Dex
$0.000
Raw Dex
$0.078
Non-Fungible Token or NFT is content in the form of a token embedded in a blockchain (smart contract). famous NFT examples are CryptoPunk #7523, Crossroad, The Merge etc.
NFT prices can reach tens of millions of USD, such as The Merge's price is $90 million USD. Most of the NFTs are traded using ether (ETH), a coin made by Ethereum. although many also use Solana and Cardano,
I'm always confused about making money from NFTs. I own some NAFTA that I don't think I am ready to sell yet.
 

Mikky

Notable
Member
Jul 14, 2022
2,376
715
Dex
$0.000
Raw Dex
$0.000
Oh why that was so low what would have cost list. Then this feels like a gimmicks just to lure people to indulge what do you think?
No, it's not a gimmick as you have stated, the reason why the price went so low like that was dues to others who also own that particular rare NFT but are in haste yo get buyers for it so they list the NFT below its floorprice to captivate buyers. There is still hope for the NFT to gain back it's pride.
 

cherry123

Popular
Member
Sep 5, 2022
27,449
2,611
Dex
$0.401
Raw Dex
$0.090
No, it's not a gimmick as you have stated, the reason why the price went so low like that was dues to others who also own that particular rare NFT but are in haste yo get buyers for it so they list the NFT below its floorprice to captivate buyers. There is still hope for the NFT to gain back it's pride.
Okay I understand now we'll, it is business buyets will always go for the ones with lesser price to buy
 

Mikky

Notable
Member
Jul 14, 2022
2,376
715
Dex
$0.000
Raw Dex
$0.000
Your right buyers will eventually go for the one with a lower price , but it's not a good thing to delist NFT because the more the NFT get delisted the more its value reduce for everyone holding that particular NFT.
 

Bisolami

Very Familiar
Member
Sep 19, 2022
17,833
1,538
Dex
$0.000
Raw Dex
$0.078
No, it's not a gimmick as you have stated, the reason why the price went so low like that was dues to others who also own that particular rare NFT but are in haste yo get buyers for it so they list the NFT below its floorprice to captivate buyers. There is still hope for the NFT to gain back it's pride.
It will definitely gain back its pride but for now, a lot of people have lost in NFTs including me
 

Mikky

Notable
Member
Jul 14, 2022
2,376
715
Dex
$0.000
Raw Dex
$0.000
The waiting hours is just too demoralizing although I wasn't among the minting crews but I also contributed my quota in some ways. I always feel like the reward I get for working so hard to get the rare NFT doesn't worth it at all, for now .
 

Bisolami

Very Familiar
Member
Sep 19, 2022
17,833
1,538
Dex
$0.000
Raw Dex
$0.078
The waiting hours is just too demoralizing although I wasn't among the minting crews but I also contributed my quota in some ways. I always feel like the reward I get for working so hard to get the rare NFT doesn't worth it at all, for now .
I used to mint sometime ago but the ones I minted was not worth the time so I have to stop
 
Back
Top