NFTs, which stand for “non-fungible tokens,” has been getting a lot of attention lately. This is not surprising, especially when you read stories about artists who make millions of dollars on a single NFT. Looking at the market, NFTs have risen significantly in the last year.
Monitoring company DappRadar says that trading in NFTs went from $100 million in 2020 to a staggering $22 billion in 2021. And the top 100 NFTs are worth a whopping $16.7 billion altogether.
But what is an NFT, and how do you make them? The idea might be a little hard to understand. But, no worries, I’ll walk you through the basics and techniques of creating and minting your own NFTs.
If you’re like most of my readers, you came across NFT for one main reason:
You want to make more money than you currently make by leveraging your existing resources.
Maybe you’re even looking for a quick turnaround on some of your cash instead of waiting years or decades for it to double.
Well, you’re in good company – who wouldn’t want all of that?
There’s one thing you need to watch out for though: legitimate scammers.
The idea of making 10X on your money in a day is obviously something that would entice the masses, and so it naturally attracts a lot of bad actors into the financial products space.
But for purposes of this review, let’s assume these people had the best of intentions.
Even with the most sophisticated systems out there, most experts barely manage to get it right 10% of the time…
Obviously, there’s an argument to be made that 1 winning bet can outshine 10 losing ones…
But if you mess up and miss a trade even one time, your month can turn sour pretty quickly.
Suffice to say, there’s a whole lot of stress & uncertainty.
Now don’t get me wrong, it doesn’t mean you’re guaranteed to lose money. I’m just saying that you need to be aware of what you’re getting yourself into.
But what if you could build a different income stream, and start seeing profits within your first few days?
I’m talking about a system that doesn’t require:
- Obsessively checking your phone and charts
- The emotional turmoil of loss after loss, waiting for that win
- Glorified gambling
Something that you could make anywhere from $2,000 – $10,000 with consistently, month after month?
A stream of income that you can build as high (or low) as you feel like building it, without spending every waking hour watching for alerts and pouring over charts?
If that sounds interesting, you might want to think about using the Digital Rental Method.
If you wanna see what NFT looks like on the inside, keep reading.
What Is An NFT?
NFTs are unique digital assets stored and confirmed on a blockchain (a digital ledger). Each NFT is non-fungible, implying you cannot easily sell it for another asset of equivalent value. Common NFT assets include images, videos, music, GIFs, and collectibles.
NFTs are valuable since only one version of the assets is produced. In other words, an NFT can only have one owner at a time—no one can alter its ownership or mint the exact NFT on the blockchain at the same moment. Because of this scarcity, NFT creators/owners have the freedom to determine their own pricing for their assets.
How Do NFTs Work?
Blockchain digital data transmission room. NFT non-fungible token neon concept with cryptocurrencies Ethereum. A new way to buy digital assets, collectibles, and crypto art. High-quality 3d illustration.
NFTs require cryptography tokens. In the crypto industry, this is called minting. To mint NFTs, smart contracts are usually created utilizing cryptocurrencies. Smart contracts store data securely and transparently on the blockchain. These restrictions control NFT ownership and transferability.
Who Can Create An NFT?
Anyone can make an NFT with a small amount of money. The present NFT platforms have tools that let you create different NFTs and add unlocked content to your files. So, whether you are an artist, musician, collector, entrepreneur, or business, you can make your own NFT by using simple minting tools available on NFT markets.
How To Create & Mint An NFT
How to make an NFT? Now comes the good stuff. Let’s go through the fundamentals of making your own NFTs. Please keep in mind that this is not a complete guide. There are many methods to do this based on the tools you use, so consider these suggestions basic.
1. Determine The Kind Of NFT You Wish To Create.
This is the first in NFT creation. NFTs are versatile; you have many choices for the kind you wish to create. Artwork, event tickets, memes, media and music, games, virtual products, and other stuff are available. You may also make an NFT for real-world objects like costly collector figurines or a celebrity-signed picture.
They are often in the form of an image, music, or video file, such as JPG, PNG, MP4, MOV, etc. If you want to create NFTs, you won’t require a developer. However, if your NFT is a more sophisticated item, such as a game, or contains a complicated smart contract (selling conditions), you may need the assistance of a developer.
Consider how you can provide value to your audience while creating your first NFT. If you currently have a company, consider developing a loyalty card or a special promo code. You may also commission bespoke artwork from an artist.
2. Select An NFT Marketplace
You can choose where to mint your piece from several NFT marketplaces. Of course, every NFT marketplace has its own pros and cons for sellers, so do your research before making a decision. The three of the most popular are OpenSea, Rarible, and SolSea. These platforms make it easy for people who want to start making NFTs. Others, like OpenSea and Rarible, let you take “shortcuts” like lazy minting without verifying or broadcasting your NFT to the blockchain.
Lazy minting will enable you to save certain costs by listing your NFT sale without publishing it to the blockchain, then passing that charge on to your buyer if it’s acquired. Fees, sometimes known as “gas,” are one of the most crucial factors for newcomers. Based on how you want to mint & sell your NFT, each marketplace has its own costs. For example, OpenSea charges a fee to set up your account, which might reach $100 in certain situations.
3. Create A Cryptocurrency Wallet.
The next phase is to set up a digital wallet in which you will keep your coins and NFTs. When selecting a wallet, it’s important to evaluate if it’s compatible with the blockchain and NFT marketplace you plan to use for NFT minting. Though other crypto wallets are available, the MetaMask browser extension wallet is used by most NFT producers. This wallet is simple to use and links to most blockchains used to manufacture and trade NFTs, such as Ethereum and Binance Smart Chain. Enjin, AlphaWallet, and Trust Wallet are some more popular wallets.
Note: Most NFT wallets are browser-based, only as secure as the underlying browser application. I suggest purchasing a hardware wallet for optimum security, such as the Ledger Nano X. Hardware wallets save your private keys offline and are used to handle different currencies and NFT assets on blockchains.
4. Purchase Cryptocurrency Using An Exchange.
After setting up a wallet, you’ll need to buy cryptocurrency to pay for the gas used to mint your NFTs. The best way to do this is to sign up for an account with a reliable exchange like Binance, Kraken, or Crypto.com.
The steps are easy to follow, and you can do them on your phone. Now that you have an account, you can buy cryptocurrencies with it. Depending on which blockchain you want to use, you must first buy Ethereum (ETH) or Solana (SOL) tokens before you can mint NFTs. Then, put your money in the wallet you made in the last step.
5. Link Your Wallet To The NFT Platform And Start Minting.
After you’ve topped up your wallet, you’ll need to link it to the NFT platform, where you’ll create your digital asset. Let me walk you through the steps (I’ll use the marketplace Rarible as an example). Navigate to Rarible.com and click the Connect wallet icon in the upper right corner of the screen. Choose your digital wallet (such as MetaMask) and provide Rarible access to your accounts. Click Connect to accept the platform’s terms of service and confirm your age. Return to Rarible’s homepage and click the blue Create button in the upper right corner.
You may create a single digital duplicate of your NFT collections or numerous copies to sell the same NFT several times. Upload the digital file to be minted as an NFT. You’ll be prompted to choose how you wish to sell your NFT file. It’s not required to sell the asset while it’s being created.
You may also sell it and set a minimum price after minting it. Choose whether to provide a complete high-resolution version of your NFT or to provide unlocked features through a hidden download link or website. Select Rarible as the NFT collection. Fill in the blanks with the title and description of your NFT art. Set the proportion of royalties you’d want to earn for secondary sales. Set your file’s attributes, such as color and size, in pixels.
Click the Create Item button. Accept the transaction in your cryptocurrency wallet (pay the gas fees) to sell NFTs. Confirm by clicking Confirm > Upload file and Mint token. Confirm the integration of contracts in your wallet (a small gas fee will be charged for creating the smart contract). If you want to sell an NFT, sign a sell order in your wallet by clicking Sign. That’s the end of it. Your NFT has been minted. To find the newly formed NFT, go to Profile > My Items. Your NFT collectibles appear on the screen.
Your Own NFTs Are Closer Than You Think
It can be intimidating to learn about NFTs at first, but they’re actually quite simple to understand and use. It’s achievable with hard work, persistence, and an imaginative mind. And if you play your cards well, you could join the million-dollar NFT club!
Are There Alternatives To NFTs?
Yes, there are plenty of other business models to choose from if you want to pursue this making money online. Here are just a few:
Are NFTs A Scam?
Alright, time for the $1,000,000 question: are NFTs a scam?
No, not technically. You can 100% make money with it, but it’s not NEARLY as simple as they want you to think it is.
You need to understand that you are taking a very big risk with financial products.
So while it’s entirely possible that you hit the big leagues and retire to a vineyard… the path to get there is so stressful, it might just shave a decade off your life… IF you even get there.
A friend of mine actually writes advertisements for one of the largest financial program advertisers in the world… so believe me when I say: most of the awesome numbers they use in their ads & landing pages are borderline false.
What they conveniently leave out are the dozens of losing bets and trades that came before the big win you’re reading about.
Now, most people don’t have the emotional bandwidth to stick out 3 months of back-to-back losses before (hopefully) getting a big win.
I’d rather use that 3 months of work (in my spare time) building Digital Rental Properties, and then collect a handful of nice little $500-$2,000 checks every single month afterward (AKA passive income).
And the cool part is that you can do it in a lot less time than 3-months (I personally did it in my first 2 weeks of using the Digital Rental Method).
You can do it from anywhere in the world, so it’s a genuine “laptop-lifestyle” business.
All you need is a laptop and an internet connection.
Some of my friends are Digital Rental Method that run their 6-figure businesses from:
- Camping trips at national parks
- Beachfront in Hawaii
- On the road in a camper van (with a pet pig!)
They focus on living an enjoyable life first, and focus on income second. All thanks to this program.
They can take weeks or months off, and money keeps rolling in.
Living happily is the top priority.
If the thought of living perpetually at your dream vacation spot interests you, being a Digital Landlord might be for you!
What Is My Top Recommendation In Making Money Online In 2022?
I’ve personally tried all of the major online business models:
- I’ve traded crypto & purchased a bunch of fancy “insider stock tip” newsletters
- I’ve sold fidget spinners through Amazon FBA
- I’ve dropshipped a toilet bowl putting green on Shopify
- I’ve sold women’s health supplements via Clickbank affiliate marketing
And I made money with all of them, so trust me when I say: there is no “perfect” business model.
Read Our In Depth Breakdown Of The Top 5 CryptoOpp Courses For 2024
That being said, my #1 recommendation for making real money online is, hands-down: being a Digital Landlord.
Whether you’re a complete newbie, or you’ve been around the block before but have never had that “big win” to propel you forward, using the Digital Rental Method is for you.
Why?
1)Time: If you’ve got a spare hour or two each day, you can do this. If you want to drop everything and go all-in, you can do this. More time obviously means faster results, but even putting in a few hours per day is enough to see real success.
And because of that flexibility, you don’t need to trade your time for money. Once the income starts, it’s recurring.
That means you can take a month off, travel the country, pursue a passion project, chill on the beach, or charter a boat across the world.
But you can only do that once you’ve created an income stream that doesn’t require YOU to be there all day, every day.
2) You Own & Control EVERYTHING: When it comes to the markets, nothing is in your control. You have zero influence over market-shifting macro-economic trends.
The number of people that have ACTUALLY beat the market consistently can be counted on one hand.
Why pour your soul into a business that you realistically have zero control over?
With the Digital Rental Method, you literally own all of the assets, which means you have ultimate control.
3) It’s Effectively Copy-Paste: Here’s my favorite part: once you have your first Digital Rental Property up, you can literally copy-paste another version of it and find another willing “renter” in a few days. DOUBLING your income doesn’t get much easier than that…
If you wanted to double your income in the markets, you would need to make twice as many winning trades, or double your profit on each trade. And I can guarantee you that’s a lot harder than a few clicks & a phone call.
4) Make Money Helping Real People: When you make money in the markets, you’re not really helping anyone but yourself. There is a loser on the other end of that trade.
But With the Digital Rental Method, you’re helping solve REAL problems that people are ASKING for help with:
Small local businesses around the world need one thing: customers. Without them, their business would fall apart. If you can provide those customers, they’re going to be really happy – and they’re going to pay you for it.
You’re helping a struggling mother or father put food on the table for their families, put their kids through college, or simply live life a little bit more comfortably.
Having this type of impact on the world is what will help you sleep soundly at night.
So, the rest is up to you. You could keep looking at other programs like NFT, which might make you money if you luck out.
You could keep researching and researching for the next few months (or few years), never making a concrete decision.
OR, you can look deep inside, think about those dreams, hopes, & desires, and make the decision to ACTUALLY make it happen, just like it has for thousands of other students before you.
Making a fortune while actually helping real people that need it.
If this sounds like you, click here to see how it all works.
