invest in NFTs<\/a>. What are NFTs? Well, basically, those are Non-Fungible Tokens encrypted on the blockchain. It means that every single NFT is original and cannot be counterfeit.<\/p>\n\n\n\nThese days, NFTs are mostly used to create digital art and capture the essence of some digital events, such as YouTube clips of the best NBA dunks ever made.<\/p>\n\n\n\n
If you have an artwork, a clip, or any other piece of digital media that is an NFT, you have the original creation, and every copy is, well, just a copy.<\/p>\n\n\n\n
There are a couple of things that can come out of this concept. <\/p>\n\n\n\n
Art Dealing<\/h4>\n\n\n\n
First – you can just own some digital artwork. The basic concept is simple – you have a painting that you can resell or just keep. If more people get interested in it, the more considerable sum you can get for selling it.<\/p>\n\n\n\n
It follows the natural laws of the market; if something is getting popular, you can earn more. Think of it that way, if you\u2019d live in the early years of the last century, and, for some reason, you would come across a young lad named Pablo and buy some of his works, not knowing his name was Picasso. In a few years, you could call yourself a millionaire.<\/p>\n\n\n\n
It\u2019s the same with NFT art. If you find a great artist that does not know they\u2019re great today, you could gain millions of dollars in a few years if it becomes popular enough.<\/p>\n\n\n\n
Although, we must say that it\u2019s not the easiest way to get some royalty payment. First, you\u2019d need to know the market just a little. Second – it\u2019s a risky investment as you can never be sure that some art could get popular. Of course, it\u2019s similar everywhere in the crypto space, but if you watch trends closely, you can get a sense of where things are going.<\/p>\n\n\n\n
With art – it\u2019s the will of the people most of the time, and few people have successfully predicted what will be popular in the future.<\/p>\n\n\n\n
NFT Royalties<\/h4>\n\n\n\n
It\u2019s different on the other hand if you could find something interesting on the internet and buy rights to it. You can even purchase something and then mint it to create an NFT.<\/p>\n\n\n\n
For example, the former owner of Twitter, Jack Dorsey, created an NFT of his first tweet and gained millions by selling it.<\/p>\n\n\n\n
You can also try and create something for yourself. Like, if you have a big YouTube channel, you can make some NFTs for your fans to buy in a dropshipping fashion. Gary Vee did something similar with tokens for his fans. Every 10% of sales goes back to the original creator, so every time it gets sold, he gains some money from it. It\u2019s a great way to earn some additional income.<\/p>\n\n\n\n
The third way of gaining some nice royalties straight to your crypto wallet is to find an upcoming digital media, like a clip of a Twitch stream or something, and buy it before it gets too expensive. Then, if anyone wants to use it in their compilation, wants to share it, or earns money off it, you can claim it for your profit.<\/p>\n\n\n\n