Making money with NFTs can be a lucrative endeavor, but it's important to approach it with a clear strategy and understanding of the NFT market. Bitdeal, as a leading NFT development servicesprovider, presents you several ways to help you understand how to make money with NFTs:

Mint and Sell Your Own search NFTs

The most straightforward method for earning money through NFTs is by crafting and subsequently selling your creations. This procedure of generating an NFT is referred to as 'minting.' The expenses associated with minting are typically quite modest. Consequently, you can produce numerous NFTs, numbering in the hundreds or thousands, with only a small amount of cryptocurrency investment.

Trade search NFTs

Trading NFTs bears similarities to stock trading. As a trader, you seek out NFTs at a lower cost, anticipating their potential for increased popularity and higher future value. Once the NFT's value rises, you can then sell it to for profits.

Play-to-Earn (P2E) NFT Games

P2E (Play-to-Earn) NFT games offer the opportunity to acquire unique in-game NFTs as rewards for playing. These NFTs are not a form of currency but rather collectible in-game items that can potentially be traded or sold to other players. If the game gains popularity and the item becomes rare, the associated NFT could hold significant value, allowing you to potentially earn a substantial amount by selling it.

Earn from NFT Royalties

NFTs are software entities residing on a blockchain, known as smart contracts. These NFT smart contracts can be programmed to include code that grants a percentage of cryptocurrency, often referred to as 'royalty,' to the creator each time the NFT is sold. Many NFT marketplaces typically limit this royalty to 10%. Royalties are specifically beneficial for NFTs expected to undergo multiple transactions, as they are only paid out when the NFT changes ownership.

Apart from these, there are several other money making options like NFT staking, NFT marketing and more. To grab more in detail, get in touch with an expert NFT development company like Bitdeal.