Proactive Ways To Make Money With NFT Marketplace

2021 and 2022 can be tagged as years of NFTs, because the influence of NFTs — The Non Fungible Token, have impacted almost 15+ industries in the last two year, most importantly real estate, music and arts industry have faced lot of impact through of NFTs. As NFTs started to emerge as digital asset of new age, entrepreneurs started to find it as a business opportunity. Finally it become the reason for the rise of NFT Marketplace like OpenSea, Rarible, Superrare. Though NFTs and NFT marketplaces are in headlines, still lot of entrepreneurs can’t getting clear ideas about “How to Make Money Through NFTs and NFT Marketplaces?”

This article can help you to figure out the ways you can make money through NFT Marketplaces.

How To Make Money Through NFTs?

There are two ways you can make money in NFT Space

1. Invest In NFTs- Buy, Sell, Stake, Lend, Play Games and Trade
2. Create NFT Marketplace.

Before making money through NFTs you should find your role or your identity in NFT Space. Find your identity in the below list.

1. Creator (aka) Seller — Art, Music, Real Estate.,Etc.,
2. Buyer.
3. Trader.
4. Celebrity.
5. Influencer — Ex. Elon Musk
6. NFT Game Player.
7. NFT Staker.
8. NFT Lender.
9. Organization.
10. Owner Of an NFT Marketplace.

And more.

#1 If you are an Individual or organization who wish to make money through NFTs, there are “N” number of ways, below are the possible ways you can make money through NFTs.

1. Stake NFTs
Staking NFTs, can help you to earn more NFTs or Rewards

2. Rent NFTs

You can rent your owned NFTs, this is the one of best way to earn money through NFT without losing the ownership.

3. Earn Royalties Through NFTs

You can earn passive income even after selling your NFTs with lifelong royalties.

4. Trade NFTs

The most known method to earn money with nfts, one can earn money by buying and selling NFTs at a fixed price.

5. NFT Games

This is the most common and easy way for earning money through NFTs, NFT gamers can earn nfts while playing, play to earn nft games.

6. Support NFT Startups By Joining as Investment Partner

There are “n” number of NFT startups are rising every day, if you want to earn passive income, you can invest and support for NFT startups, who are looking for funds.

#2 If you are an techsavvy or an entrepreneur who wish to make permanent income and high ROI you can start your own NFT marketplace.

How to make money through NFT Marketplaces?

An NFT Marketplace is the finest solution to trade NFTs. The platform connects traders from all around the world, and they can choose their desired NFT to buy and sell. If you are looking to start an NFT Marketplace you can earn money through the below methods.

1. Transaction Fees
An NFT Marketplace can charge fees for every successful transactions at a fixed rate. This can be charged at both buyer and seller side.

2. Listing Fees

If an Creator wants to list his/her token, then the marketplace could charge for listing the NFT under certain category

3. Creating Own NFT Token

Top nft marketplace has their own NFTs, and let them available for trade. Trader who holds this token can earn money.

The owner of an NFT Marketplace could earn by integrating more modules and services inside the marketplace. Features can customized during the process of white label NFT marketplace development with the support of NFT Marketplace developers.

Source: Medium