Crypto

How to Make Money with NFTs: 19 Strategies

Updated on January 7, 2024

￼

Written by

Frank Gogol

￼

Reviewed by

Rohit Mittal

4 Money Tips

At a Glance:

One approach is to create and sell your own NFTs by minting them and listing them on marketplaces.

Another option is to trade NFTs, buying low and selling high based on trends and popularity.

Renting NFTs to others for use in games or niche platforms can also generate income.

Participating in play-to-earn (P2E) NFT games allows you to earn and sell in-game NFT items.

Additionally, you can earn royalties by including code in NFT smart contracts that pay you a percentage of future sales.

Licensing NFT versions of physical collectibles.

Staking NFTs for rewards.

Investing in NFT-related companies.

Or flipping NFTs are alternative ways to make money in this space.

Featured in

￼ ￼ ￼

Some of the products showcased here are from our partners who compensate us. This compensation may impact how and where products are presented on our site. Nevertheless, our evaluations remain unbiased. Our views and opinions are solely our own. Learn how we make money.

Navigating the rapidly-evolving world of non-fungible tokens (NFTs) can be both exciting and daunting. As this digital frontier expands, innovative strategies emerge for enthusiasts and investors to capitalize on. From holding rare tokens for long-term gains to merging NFTs with cutting-edge technologies like AR and VR, the opportunities are vast. Here are 19 actionable strategies to consider for maximizing your engagement and potential profit in the NFT domain:

In This Article

9 Ways to Easily Make Money with NFTs

There are more than a few ways to make money with NFTs. Below, we’ll take a look at the nine best ways to earn with money with non-fungible tokens.

1. Mint and Sell Your Own NFTs

To profit from NFTs, consider creating and selling your own, a process termed ‘minting’ (akin to creating a cryptocurrency). While minting is cost-effective, success relies on selecting the right NFT marketplace and effectively marketing your NFT to stand out. Upon a sale, the buyer’s crypto is transferred to your wallet.

2. Trade NFTs

Trading NFTs is akin to stock trading (learn more here). Traders buy undervalued NFTs, anticipating popularity spikes. While many NFTs remain valueless, success lies in promptly identifying trending NFT collections.

3. Rent NFTs to Others

Most NFTs do not serve any purpose. However, some NFTs have a role in games or other niche platforms. This means you can lend your NFT to someone to use in a game or other specialized platform for a fee. This allows another person to use the NFT without having to buy it. These rental agreements are governed by software programs on a blockchain called smart contracts. The payments and return of the NFT happen automatically unless there are bugs in the contract. 

4. Play-to-Earn (P2E) NFT Games

Recent years have seen a rise in play-to-earn (P2E) games, where playe