How to Make Income with Digital Art and Other Non-Fungible Tokens (NFTs)

There’s been wonderous innovations created by the surge of popularity in blockchain. Of course this includes decentralized finance (DeFi) and cryptocurrencies such as bitcoin. However, a very niche market is growing by leaps and bounds: Non-Funglible tokens (NFT). These are tokens that are totally unique, often representing digitally scarce goods such as pieces of art and collectibles. By existing on blockchain networks such as the ones propagated by Ethereum, NFTs can be easily verified as unique and scarce. In addition, ownership of NFTs can also fight copyright infringement. The most famous use of NFT technology is Cryptokitties, in which you could breed and collect virtual kittens. It was so popular back in the day, it nearly brought down’s Ethereum network. In fact, at one point, a beautifully designed digital kitten sold for around $170,000! Selling NFTs is the most common way to make money, but this post will show you other ways, including within decentralized finance.

Selling NFTs

There are multiple ways to make money selling Non-Funglible Tokens. The most common way is selling them directly to users. Besides Cryptokitties, examples also include digital land in Decentraland, digital art on Nifty Gateway and scarce digital goods sold to players by video game publishers. For…