Five Best NFT Side Hustles To Invest In
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Five Best NFT Side Hustles To Invest In
NFTs (Non-fungible tokens) are the latest items of interest right now in the digital space, considering that a lot of investors are highly attracted to them. For this reason, NFTs have evolved, as they now serve as an alternate form of investment for cryptocurrencies.
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Key Highlights
🎯 NFT digital art is the most popular form of NFT on the NFT market as it also commands the highest prices.
🎯 Investing in an NFT marketplace is one of the ways you can make a profit from NFTs within a short period if done right.
🎯 With NFT games, you can simply play to earn cryptocurrencies or rewards that you can convert into money.
🎯 The NFT market as of today is constantly increasing as more investors continue to participate in the market.
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SEE ALSO: 10 Best Cryptocurrency Side Hustles to Make Extra Money
Even today, more investors are trooping to the NFT market to see to it that they add NFTs as part of their investment portfolio and to hedge against losses from the crypto market, especially now when the crypto market is currently at a low, although recovering slowly.
That being said, NFTs are quite broad, which is why I will list the five best NFT areas that are making waves.
These areas have proven to be quite popular and are highly sought after by many investors in the digital space. The following are the five best NFT areas you can invest in as an investor:
1. NFT Real Estate Investment
For investors who consider real estate a worthwhile investment, investing in NFT real estate is one of the best ways to go.
You see, just like you would buy regular real estate physically with fiat, in the presence of a third party, preferably a lawyer, and with the help of traditional banks, the same thing can be done using NFTs, only much easier.
The existence of the digital space has always been to simplify processes and make decisions at a faster pace compared to physical means. With NFTs, you can simply convert the deeds of the estate into an NFT, securing the asset even better.
This type of NFT investment is usually very safe and it solves a lot of problems and eliminates a lot of bureaucracy that would have been followed if you were to be trading physically.
NFT real estate investment as of now is one of the best NFT areas you can invest in and one that is very suitable for you if you have a thing or two for real estate.
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2. NFT Digital Art Investment
In the NFT market, NFT digital arts are the most popular type of NFTS that is invested by investors. They also hold the record for the most expensive NFTs ever sold and can easily be found in most marketplaces.
These types of NFTs are usually built on their blockchain and constitute very good investments as long as you can sell them for a higher price than you bought them.
Digital art NFTs also come in collections, with some being more rare and expensive than others. The Bored Ape Yacht Club is an example of an NFT digital art collection that commands a high price due to its rarity and uniqueness.
If you have a thing or two for digital arts, then this particular area of NFT should pique your interest.
3. NFT Marketplace Investment
It is one thing to invest in NFTs and another to invest in a platform where users can list their NFTs for sale. Investing in an NFT marketplace is a very clever way of investing in NFTs without directly purchasing an NFT.
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One thing that will determine the amount of revenue that you will receive for investing in an NFT marketplace is the quality of the platform and how popular it is in the NFT market.
Platforms such as OpenSea and Rarible are examples of NFT marketplaces that bring in very high revenues for their owners because of the number of investors that flock to the platforms daily to either sell or buy an NFT.
These revenues are usually generated from fees paid on the platform, such as transaction fees, minting fees, auction fees, and much more.
If you want to make profits from NFTs even better than those gotten from directly buying an NFT in a short period, making considerable investments in one would be a very smart thing to do.
4. NFT Games Investment
This is also another area of NFT where investors can take a particular interest in investing.
If you are a lover of games, then you might want to check this out. Today, there are no such things as “play to earn” games where you earn cryptocurrencies or other rewards by playing NFT games.
NFTs are provided in these games, and they come in the form of accessories, avatars, or even weapons, and can be traded for cryptocurrencies or fiat on various marketplaces.
This type of NFT has become quite popular and is a perfect opportunity for investors to make instant returns without having to wait for what the future brings about their investments.
5. NFT Marketing Investment
Just as we have affiliate marketing, we also have NFT marketing, which entails promoting an NFT to investors using various means such as email marketing, social media marketing, etc.
The aim is to bring in more investors to the marketplace and increase the sales of a particular NFT or a group of NFTs.
The higher the number of investors who show interest, the more likely you are to make higher revenues as well.
This type of NFT investment entails putting in the work, and if you are that type of investor, then this is a good one for you.
Final Thoughts
Investing in NFTs can be done in various ways, depending on your preference as an investor.
If you have suddenly taken an interest in NFTs and you want to invest in them, you could read through this article as it provides information that will enable you to decide as regards the area of NFT you want to invest in.
Featured Image: https://www.finextra.com/blogposting/21761/best-nft-projects-to-invest-in-2022—2023
