What is NFT? How To Make Money with NFT?

Do you know what is NFT? What is NFT Full Form and how can we earn money from NFT? If not then it doesn't matter because in today's article we will try to give you all the information related to NFT like how to make NFT? NFT How to buy, how to sell, that's.

If you also need any information related to NFT, then you must read this article completely, we are going to give you the information about it.

What Is NFT?

NFT stands for Non-Fungible Token, which is made up of a combination of two words, first Non-Fungible and second Token Now understand what is the meaning of Fungible in Non-Fungible?

Fungible means to change while Non-Fungible means to not be able to make any changes. For example the Taj Mahal, the painting of the Monalisa, etc. All these are Non-Fungible things in the world, which are impossible to change.

Now you know Token which means having ownership if you create something unique then that thing is yours, only Token can prove that this property is yours which will be present with you in the form of a digital number.

NFT is said in simple language, then such figures are stored on the BlockChain in digital form, which we cannot touch.

NFT Full Form

The full form of NFT is Non-Fungible Token which is called Non-Fungible Token in Hindi language and it can also be called Cryptographic Token.

The Future of NFTs in India

NFT was started 7 years ago in 2014, but at that time people did not pay attention to it because at that time people did not have any specific information about NFT. But talking about 2021, NFT is ruling every crypto trader or miner's gambling in India, let's know-how?

The fact is that just 10 months ago today, a small painting made by an American who is also called Bipple, was sold as NFT for crores of rupees. Since that day, NFT is speaking loudly to people all over the world.

But friends, now the question arises that what is the AC in NFT, which is sold at such expensive prices, and why are people also spending lakhs or crores of rupees to buy such paintings? What is the benefit to the buyer from this?

How Does NFT Work

A non-Fungible Token is a kind of Digital Asset, which can be bought or sold only in digital form.

For example, in the earlier times, when a painting was auctioned, it was used in physical form, as well as people used to use it in their home or office, but now the era of NFT has come.

In which you can buy or sell the same painting digitally, and bidding on this type of NFT cannot be done from any one place but from any corner of the world.

Also, there is a digital signature on your Buy or Sell NFT, which proves that he is the real owner of this NFT.

Why is NFT Costly?

The cost of NFT depends on two things, the first is based on Secure Blockchain, second is Non-Fungible.

Being based on Blockchain means that in the future, no one can seize your NFT, or steal it because you know very well that it is not possible to hack the Blockchain so that your NFT can be stolen. The data will be completely secure.

The second is Non-Fungible, which means that tomorrow your NFT cannot be tampered with by anyone with BlockChain technology. And this is the biggest reason why the price of any NFT is very high.

Now the question comes as that why does the buyer buy NFT at expensive prices.

Why Buyers Buy NFT at Expensive Prices?

There can be many reasons for Buyers to buy NFT at expensive prices, such as Investing, Buying Low or Selling High, Using NFT properly at the time of need,

For example, understand this a few years ago, when the value of Pokemon's card was 88 dollars at that time, but as soon as the market of NFT caught, then the value of this card became more than 3 thousand dollars in today's date because People believe that this is a rare card, which can be useful in the future.

NFT Usage

The use of now NFT is negligible, but still, people are buying it, why?

Many crypto experts believe that in the coming times, Metaverse will rule the whole world, which will lead to the creation of the gaming industry and the Digital World.

Then the use of all NFTs will gradually increase within that, then the price of NFT will touch the sky at that time. How?

You must have seen that the things which are very rare or are very old, and then the price of the same item increases a lot in the next 50 to 100 years, in the same way, NFT is being considered. Let us know how many types of NFTs are there.

Types Of NFT

Although there are many types of NFTs, here we will tell you about 7 types of NFTs which are quite popular.

1. Art NFT
2. Music NFT
3. Access NFT
4. Game NFT
5. Redeemable
6. Identity
7. Web 2 Databases

How To Earn Money From NFT?

These days, all the people among you who keep searching for information about new things about investing money, then those people must have heard about NFT, then do you know how to earn money from NFT, if not then Today you can get complete information about How to earn money from NFT?

So for this, first of all, you have to create a Metamask Wallet to start NFT, in which whatever transaction happens is done from this Metamask Wallet only.

Then you have to create an account on the platform i.e. Opensea to make an NFT Create, NFT Sell, or Buy and link each other, now after that, you can create your NFT and sell it by uploading it.

Or if you like the NFT made by another person and you feel that after some time it can be sold at a better price then you can buy those NFTs.

So this is the method using which you can earn money from NFT, if you also think that you can earn money by making good NFT, then you can earn crores of rupees from it.

How To Create NFT Wallet?

There are many platforms available to buy NFT, eg, Opensea, Decentraland, Nifty Gateway, etc. After that, you must have Ethereum Token.

Now Open Sea is considered to be a very popular platform because here you can buy NFT with the help of more than 150 CryptoCurrency.

By following the steps mentioned below, you can learn about how to buy NFT, so read it carefully:-

Step 1:- Now first of all you have to create a profile of yourself, for which you have to go to Opensea.Io, after that the icon of the account or profile will be coming at the top, after moving the cursor thereon Profile. Click it.

Step 2:- Now after this you read the need for a Wallet, using which you can buy or sell NFT, there are many Wallets for NFT, out of which Metamask is used the most, that's why the top one i.e. Click on Metamask.

So now you have to activate Metamask Wallet, for that, you have to download it on your computer or mobile, I am explaining here by giving an example to you computer people, that's why I will click on Chrome Browsers then click on Install Metamask For Chrome.

Step 3:- Now after clicking on Add To Chrome and then Add Extension on the new page opening, you will get this Metamask Extension installed in the extension of Chrome Browser.

Step 4:- Then go to the extension option of Chrome Browser and start Metamask, then click on Get Started, now if you already have a Wallet, then click on Import Wallet for that.

And those who want to create a new wallet, have to click on Create A Wallet, now by clicking on I Agree, you have to choose a strong password, you have to make the password according to your understanding so that it can be remembered because this password can be useful later. Is.

Step 5:- Now your Metamask Wallet has been created, click on the Next button and now it will give you some Secret Words when you ever forget your password, then these Secrets Words will come in handy at that time.

If you want, you can also upload a photo of those Secret Words to Google Drive by dragging them so that they can be saved on your account forever, now you have to put the same Secret Words in that box.

Step 6:- Now your Metamask Wallet has been completely created, then you can click on All Done.

After doing all this, your Metamask Wallet will have been created, if you want to make some changes to it, then you can do it.

As in the beginning, your wallet will be in the name of Account 1, if you want to change its name, then you can put your name in its place like “Satish Kushwaha” in the same way you can also keep your name.

Create Opensea Account & Link Metamask Wallet

After the Metamask Wallet is created, you have to create an Opensea Account, although it is a very easy task to create an account, our job is to give you complete information about NFT, so we have given you all the information about it.

To buy or sell NFT, you have to create an Opensea Account, for that, you go to Opensea.Io again.

There, Create will be written in the Navigation Menu, click on it, then you have to link Opensea and Metamask Wallet, it will be done in just one click, after clicking on the Next button, there is small processing. After that, both get linked with each other.

Now after this you can change the name of your account or if you have to give your necessary details in it, then you can fill them all by going to the profile.

By going to the profile, you also want to put your Username, Bio E-mail Address, and Social Media Link, then when you add your email ID to it, then after that an Account Verification Mail goes to your same Gmail.

If you have to verify by clicking on the given confirmation link.

How To Make NFT?

Many people feel that making NFT is a very difficult task, but it is not so when you complete the above-mentioned steps, then uploading NFT becomes very easy, so if you have not completed the above-mentioned steps yet. If done, complete them first.

Now you have to go to Opensea.Io and by clicking on the Create button there, first of all, you can upload any Image, Video, or 3D Model in it.

Then after this, you have to write the name of this NFT and if you have a website or you have written any information about this NFT on any website, then its link has to be added to External Link.

Now add a small description, after that, if you have created a playlist, then you can put it in that playlist or let it remain like this, then write down how much supply you have.

If you choose Ethereum in the next step Blockchain, then you will have to pay GAS Fees for that, that's why you choose Polygon and click on the Create button.

After doing only this, your first NFT would have been ready, then you have seen how easy it is to make NFT.

How To Sell NFT?

When you have made your NFT, then after setting the pricing, it has to be listed for sale, this is also very easy to do, so let's know about it too.

To sell NFT, first of all, open the NFT that you want to sell, then there you will get the option of Edit and Sell, out of which you have to click on the Sell button.

Now you have to set the price of NFT, how many Ethereum you have to sell this NFT, you set its price accordingly.

After that, you also set the Duration, if you put 7 days, then whoever puts the highest bid in the last seven days, then that NFT will be sold.

So this was the way to sell NFT, I hope you must have understood all these things.

Should We Buy NFT?

If you see the NFT hype of now, then yes we should do NFT, but keep in mind that while doing NFT it is necessary to take care of many things, otherwise, your purchased NFT will not be of any use.

• The hype of that NFT should be there.
• The future of NFT should be good.
• The NFT you are buying should be priceless.
• Having an NFT related to gaming is a beneficial relief.

Who Can Create NFT?

To make a better NFT, it is very important for you to know to code, because the best NFT is made from the code itself, or if you are a great artist, like painting, making some unique things, then you can also use it with NFT. You can earn good money by selling like this.

How To Earn Money From NFT?

Best Ways To Make Money From NFT

• You can earn money by selling your own NFT.
• Buy NFT at a low price and sell it at a high price.
• Buy and store important NFTs, or earn money by selling when that NFT becomes a marketing hype.
• You can earn money by stake NFT.
• You can earn by signing up on NFT's free Airdrop platform.
• You can earn money by providing liquidity.
• You can earn money by farming NFT.

Conclusion

We have given you complete information about NFT here like how to earn money from NFT?, How to do NFT Buy or Sell, and have given complete information about NFT Full Form, if you have any questions related to this, then you can ask us by writing in the comment box below.