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NFTs have been the talk of the internet for some time now. But what exactly are they? Why have they become so popular? And most importantly, how can they be used to generate income?

If you’ve been thinking about diving into the world of NFTs to make money, here is what you need to know to get started, including what NFTs are and how you can create and sell your own!

What Are NFTs and What Determines Their Worth?

NFTs (non-fungible tokens) are unique digital assets built on the same technology as Bitcoin that exist as pieces of data on the blockchain.

How to Make Money with NFTs.

They’re often used to represent artwork, music, or other digital content. And because they’re unique, they are frequently bought, sold, or traded as collectibles. Some examples of NFTs include:

  • Trading cards
  • Memes
  • Digital artwork
  • Virtual pets
  • Game items
  • GIFs

There are a few reasons why NFTs have become a hot topic in recent years. For one, the blockchain ensures irrefutable proof of ownership as well as provable uniqueness, making it fraud-proof. It also facilitates the tracking of owners throughout the life of the NFT.

Some NFT collections can become extremely valuable under the right circumstances. Some factors that influence an NFT’s value include its age, who created it, and the story behind it.

For some, purchasing an NFT is a way to own a piece of digital history. For example, Twitter founder Jack Dorsey sold the world’s first Tweet as an NFT and made $2.9 million!