Cryptocurrency Q&A
How do NFTs make money?
How do NFTs make money?
Alessandra
Mon May 20 2024
|
5
answers
1178
I've been hearing a lot about NFTs lately, but I'm still a bit hazy on how they actually generate revenue. Could you please explain, in simple terms, how NFTs make money? I understand they're unique digital assets, but I'm not sure how that translates into financial gain for their owners or creators. Is it through sales? Royalties? Some other mechanism? And are there any specific industries or use cases where NFTs have proven particularly lucrative? Your insights would be greatly appreciated.
0 answers
Related questions
- Why are NFTs a bad investment?
- Where can I send my tokens & NFTS?
- Is NFT still profitable?｜“NFTs have seen incredible returns on investment, with rare and sought-after pieces being sold for big profits, and some NFTs can still offer a unique way to diversify your investment portfolio if you have already invested in other digital assets. The reality, however, is .”many NFTs stay unprofitable
