Now, you might be wondering: How can I create an NFT and where do I sell it? NFTs have several popular marketplaces, the top one is OpenSea. On Opensea you can discover, buy, and sell rare digital items, mainly NFTs. I am still learning this process, myself. I can’t give you a whole tutorial just yet. Other popular platforms for NFTs are Rarible or Nifty Gateway.

What to create

An NFT can be almost anything in digital form. As discussed above, it can be a form of digital art: like an image, a digital painting, a picture, animations, or a video. It can even be a music piece. Or an in-game asset if you’re a gamer. It can be anything. This means there’s a chance for every creator to come up with a great idea for an NFT.

The NBA, for example, has started creating its own NFTs in form of the greatest plays in basketball history. These sell like crazy which quickly resulted in a huge second-hand market for those collectibles as well. Just to give a real-life example.

Logan Paul made 1 million in 30 minutes

The first story about NFT I read came from the famous internet personality, Logan Paul. He started big with Vine back in the day and is now famous on pretty much every social media platform. So he has a unique advantage here, of course: Tons of followers.

Anyway, Logan created its own NFT with 3000 copies to sell. And marketed those on social media. Within 30 minutes, his NFTs that sold for 1 ETH — which at the time was almost 2000$ — had earned him 1 million bucks. But that’s not all: Within one day, he sold 1773 NFTs. That’s around 3.5 million dollars.

Small creators can earn a lot

You’re probably thinking now: Sure, Logan Paul has millions of followers. No wonder, he made money with that. While that’s true, it is still very possible for any creator or artist to make money with NFTs. It doesn’t hurt to try. Especially if you utilize the bidding option that most marketplaces offer.

I’ve seen small creators with a unique idea making hundreds or thousands with their first NFT. A person named Lumi on Makersplace just at the moment of writing this received a 400$ bid on one of their NFTs. A nice amount of money for a single design creation.

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Source: https://medium.com/geekculture/what-the-heck-is-an-nft-c5ee2d8d0f57?source=rss——-8—————–cryptocurrency