I dare say that people who enjoy NFT are probably younger generations.
Generation Z is already enjoying themselves
in the main net without having to find and acquire information about NFT.
However, I think you who read this article are not familiar
with the NFT market and are looking for related information to improve your understanding of the market.
I guess most people are interested in investing or looking for NFT information to gain knowledge.
So today, we're going to find out what kind of people actually invest in NFT!
Looking at how to make money with NFT, I think it will be easy to understand how the market is going.
1. Types of investment in cryptocurrency related to NFT
First, it is a type of investment in cryptocurrency and earn profits like stocks.
There was once a huge Bitcoin craze in Korea.
Many people joined the investment as rumors spread that they could raise a lot of returns.
This is because it was recognized as a new investment destination along with stocks and real estate as the liquidity of the market increased rapidly.
But in fact, most people lost money compared to those who earned it.
In addition, it is difficult to track money in reality, and it is often abused for money laundering or tax evasion.
However, so far, more than 2,000 cryptocurrencies have entered the market,
and if you add cryptocurrencies that have not entered the market,
there are about 3,000 to 4,000 cryptocurrencies.
In other words, of course, it is clear that cryptocurrency is a risky asset,
but I think it is an asset that should be noted as the blockchain market grows.
2. Type of direct investment in art or real estate in NFT, and then sell it when its value rises.
The next type is to invest directly in art or real estate in NFT and sell it when its value rises.
In fact, if you look at the news, you can often hear that NFT is trading from billions to tens of billions of won.
Recently, artworks have been traded at high prices, causing a sensation, but I recommend you to avoid recklessly purchasing them.
This is because it is difficult to fluidize NFT works of art.
In other words, please note that in most cases, the secondary market for reselling NFT art purchased directly as an artist to a third party has not been properly formed.
3. Types of revenue generated by playing games
There are also types of games that generate profits.
The start of the NFT game is crypto kitty. CryptoKitties is a blockchain-based cat-raising game.
It is an Ethereum ERC-721 token-based DApp, which was first released in November 2017.
Despite being a simple game to raise and collect cats made of NFT,
the Ethereum network was once so popular that it was paralyzed.
(Note: If you are interested in DApp, please refer to the previous posting. ►)
Currently, there are news from various places that game companies with famous game intellectual property rights at home and abroad are preparing for NFT and P2E.
I would like to introduce a P2E game that I personally impressed.
There is a game called Boomcrypto,
a type of P2E game that became popular among people you know at the end of last year.
Boom Crypto has a character called Hero.
It is a game in which these heroes walk around the map and
install bombs to break treasure boxes and earn coins as a reward.
There were several users who made as much as 20 to 30 million won a month.
Until last year, there were no restrictions on the issuance of currency,
so it was even nicknamed the honey complex, but now some users are leaving due to restrictions.
I'd like to recommend it to those who like to play games.
Like the games I introduced, there are P2E games that can earn profits,
but please be careful because there are many games with a structure that is difficult to earn at all.
4. Types that aim to generate profits through NFT issuance
Minting is a term that refers to the creation of irreplaceable tokens (NFTs)
for digital assets such as pictures, music, and videos.
It means issuing cryptocurrency on the blockchain.
Recently, the NFT issuer's first release to the market, and the investor's purchase of the product,
are all called minting.
People who buy NFT usually buy it cheaply and sell it at a high price to make a profit.
Minting supplies are usually sold at lower prices than the market price, so many investors are aiming for this.
There are no special conditions for minting, but please be aware of copyrights.
No matter how well I make a work, it's a complete fraud to copy someone else's work.
5. Types of participation in initial NFT projects
The last type is to participate in and invest in the initial NFT project.
As you know, NFT is an early market, so it is characterized by instability.
Compared to other types of investment, it takes a lot of study,
but the great advantage is that you can earn a huge return.
So please be aware that early investors may make unexpected profits, but they may lose a lot of money.
Each NFT project is creating a community by developing its own roadmap.
You can analyze, participate, and generate profits directly in the roadmap of each project,
but you have to wait and see for about a year or two for each project.
My personal goal is to create an NFT project within 10 years.
I told you about the preparation for issuing NFT last time. The first goal is to issue 22 NFTs in 2022.
Once I get used to minting and understand the NFT market,
I would like to start an NFT project for Opal households!
Before I wrap up, I would like to say that
cryptocurrency is not a safe asset that is stored for 10 to 20 years like gold, but a risky asset.
Fraudulent coins, fraudulent exchanges, should be defined legally, though the priority should be:
I think studying NFT and cryptocurrency should be prioritized.
Of course, fraudsters deserve to be punished, but there is no such thing as law in the NFT world yet.
In the next post, we will look at how participating in the early stages of the NFT project affects assets.
See you in the next post! :)
