Non-homogeneous tokens (NFTS) have become a new source of income for many people. As of today, you can cast almost anything into an NFT-from rare baseball cards, digital art, in-game accessories, and even your physical real estate. NFTS are slowly merging the physical and digital worlds.

What makes NFTS valuable?

Let's take Beeple and his Twitter profile for example. You can almost see his entire digital art collection on social media platforms. So why spend money on his NFT when you can follow his social platform? You can't even put art on the wall. Here's the thing: The moment he casts his masterpiece into an NFT, his art lives on the blockchain forever. Blockchain technology enables it to verify and label NFT as unique works of art. In addition, it becomes a digital collectible. Anyone can check who owns it via the Internet. And what the market is willing to pay and what it's worth.

4 Ways to Make Money in the NFT world

There are no rules about how to determine the value of an NFT, but in general, the rarity and utility of an NFT determine its price.

Become an NFT creator and sell your work on the market

You can create NFTS in the process of casting. If you don't have a coding knowledge, here are like OpenSea and Rarity of NFT market, allows you to create NFT in the absence of technical problems. It's as easy as signing up and creating a profile on Facebook.

You can make NFT with art, games, music, collectibles, memes, and domain names. You can also create NFT using real-world assets like real estate. The first property sold as an NFT was TechCrunch founder Michael Arington's apartment in Ukraine.

NFT game

Blockchain games are unique in that they give players the ability to "earn as they play." In short, it means you can get something, and that extends to making money by playing the game. Some even make it their full-time career, as their play time can be monetized.

Axie Infinity is one of the most popular NFT games today. The game is often associated with Pokemon because you can train your digital pets, breed them, and make them fight.

Build virtual worlds in the metaverse

Decentraland is a virtual world where you can earn money by buying land, building communities, and developing your economy. If you're a fan of Minecraft and Fortnite, the alternative universe offered by Decentraland may interest you.

The only difference between the blockchain-based world of Decentraland and a game like Minecraft is that you can own every asset on the chain. These assets can be sold, bought and traded. You can also create your own assets and sell them on the NFT market for money.

You can make money here just like you would in the real world. For example, you can buy land early in the market and sell it for a profit in the NFT market. You can get paid to provide skills and services in the virtual world, including coding, marketing and making videos.

Pledge your NFT

Pledging is the process of storing your NFTS on the platform in exchange for rewards. This is a legitimate way to make money if you don't know what to do with your assets. Since it does not involve the sale of assets, you will continue to retain ownership.

Not all platforms offer the option to pledge NFTS. You can check for more details about the asset to see if you can pledge it before investing. Most of those offering NFT pledges are blockchain-based games, such as MOBOX.

This HODL strategy is ideal for speculative investors. The pledge's reward is usually a token native to that platform or protocol. They are usually listed native tokens and can be exchanged for other tokens.

In short, NFTS can be a legitimate way to make money. Creators are incentivized to convert their work into NFTS because it provides added value in hot markets. Not all NFTS are created equal, and there is no rulebook on how to study asset values.