There is a new wave of NFTs breaking the web and on social media, NFTs are all the rage. This has attracted many new investors and many have made a lot of money from them. More recently, celebrities have decided to participate and you should too.
But how do people make money from NFTs?
First things first, the term NFT (short for Non-fungible tokens) refers to unique cryptographic tokens that exist on a blockchain. Their value as digital assets exists because they are unique and cannot be replicated.
When purchased, these tokens represent ownership of real-world items such as art, videos, memes, music, and more. This is known as the ‘tokenization’ of real-world tangible assets and continues to be very popular with investors.
The memes have sold by the thousands. For example, the viral clip Charlie Bit My Finger sold for $624,577.50 in May 2022. But recently, all the hype is based on celebrity NFTs.
These are pushing the economy forward. From the $200 million volume in 2017, the industry is now worth $20 billion. the NFT market it is extremely profitable. Join today and start earning.
Don’t miss out on these NFTs
Celebrities are known to earn a lot of money which they then invest. One investment they couldn’t resist is definitely crypto.
During the COVID-19 pandemic, many artists turned to NFTs to maintain a relationship with their fans, and many continued to invest their money in non-fungible tokens.
Johnny Depp creates and sells his own NFTs. Paris Hilton was recently interviewed by Jimmy Fallon about NFT in Tonight’s show with Jimmy Fallon. Matt Damon is the face of Crypto.com and Reese Witherspoon confirms that “Crypto is here to stay.”
But it is Johnny DeppNFT’s that are currently breaking the market, due to their viral court case. Depp has been working on a collection of NFT called Never Fear Truth and these include 11,111 unique portraits of close friends and idols. The most expensive NFT sold for $15,000, but the average price is between $2,000 and $3,000.
the metaverse it is equally growing in popularity, as it has become a buzzword among investors. But what is this? The Metaverse is a virtual world encompassing graphically rich realities. These often mirror real life through a VR goggle gaming experience. But more importantly, elements of the metaverse are often represented by NFTs.
An example is Decentraland, an NFT gaming platform built on the Ethereum blockchain. In it you can buy NFT with 3D representations, such as Decentraland wearables.
However, the most profitable NFT projects so far have been NFT-focused tokens. apecoin and its symbol of government, the monkey Token, is one of many successful projects developed by the team behind the creators of Bored Ape Yacht Club.
The project is the third most valuable supply of NFTs and recorded around $1.5 billion in sales of all time. At the time of writing, the ApeCoin price is $14.60 with a market cap of $4.15 billion.
Other non-fungible tokens
Recently on the market, the XMU Tab is in the presale stage, which makes it the best time to invest, as you can buy the token at a higher price. It is a decentralized cryptocurrency that provides peer-to-peer interaction, rewards, and governance utility.
the mushe ecosystem has developed a strong metaverse and presence of NFT, with MusheVerse and Mushe NFT. In this metaverse, users can communicate, trade, and participate in play-to-win games.
MusheVerse is a universal digital realm where you can make use of all Mushe products while socializing. Additionally, these NFTs represent ownership within the MusheVerse (ie property, land, real estate, etc.).
Despite XMU Tab holders can vote on ecosystem ideas for games and design, it will reward players for winning community competitions and peer-to-peer games.
Join Mushe presale: