Can You Make Money From NFTs?

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In recent years, a trend known as NFTs, or non-fungible tokens have taken the art scene by storm. The market has seen explosive growth in 2021 with celebrities like Tom Brady, Snoop Dogg and Grimes jumping into the market. In October, Sotheby’s and Coinbase also announced their intentions in launching their own NFT specific marketplaces. But NFT’s astonishing success has also led to deep skepticism. So just how do non-fungible tokens work and is it an asset worth investing in?

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Can You Make Money From NFTs?

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So this is how rich people evade taxes and do money laundering

Fire-cise

My boss often says; "By the time a deal hits the media, it's too late the wagon already left you"

mugumyapaultheafricannomad

Investing in the stock market is the best option to make a passive income.
Virtually all the markets are crazy, most people pay more attention to the shiniest position on the graph, I’m keeping a diversified portfolio.

veramonique

Short answer: No.
Long answer: Hell no.

jmonsted

I’ve been a humble art collector for years and could never imagine purchasing digital art. If I buy an oil or acrylic painting and you want to throw in a NFT, sure. But buying strictly digit I just can’t wrap my head around “owning” something that possibly 6 billion people could have as their screen saver. I get it if you are just playing the market for straight cash. But for only collecting art it is a hard pass for me….

adervishagentred

Feel free to screenshot, this nft goes hard

BGTech

So basically you have a certificate of authenticity and you tie it to something hoping that thing will go viral and make you money? Lmao 😂

Alex-ybpq

Influencers and celebs doing the old pump n dump rug pull with most these nfts

Shredxcam

Nice video and Thank you for recommending your broker Joana Jean, her service are exceptional and I've been earning greatly from investing with her.

marymiller

Mrs sonia is legit and her method works like magic I keep on earning every single week with her new strategy.

klebercoutinho

<$380, 000 returns in just 16days, my financial life is totally changed.

erickpagtalunan

Never treat NFTs as an Investment. Don't be the greater fool.

Spirit

Some rich people just have too much money to spend

containedhurricane

It's the hot new digital way to launder money and only works currently because nobody understands it, I don't think digitally "owning" something will ever replace owning the physical object.

ericcarabetta