common-close-0
BYDFi
Trade wherever you are!

How can I monetize my bored ape NFT?

avatarAndi YahyaDec 15, 2021 · 3 years ago3 answers

I recently acquired a bored ape NFT and I'm wondering how I can make money from it. What are some ways to monetize my bored ape NFT?

How can I monetize my bored ape NFT?

3 answers

  • avatarDec 15, 2021 · 3 years ago
    One way to monetize your bored ape NFT is by selling it on a marketplace. There are several NFT marketplaces where you can list your NFT for sale, such as OpenSea, Rarible, and SuperRare. Make sure to set a reasonable price based on the current market trends and the uniqueness of your NFT. Additionally, you can also consider participating in NFT auctions or collaborations with other artists to increase the value of your NFT.
  • avatarDec 15, 2021 · 3 years ago
    If you're not ready to sell your bored ape NFT, you can explore other ways to generate income from it. You can lend your NFT to decentralized finance (DeFi) platforms that offer NFT lending services. By lending your NFT, you can earn interest or receive rewards in the form of cryptocurrency. Another option is to lease your NFT to collectors or enthusiasts who are interested in displaying it in virtual worlds or metaverses. This way, you can earn a passive income while retaining ownership of your NFT.
  • avatarDec 15, 2021 · 3 years ago
    BYDFi, a leading digital asset exchange, provides a unique opportunity for bored ape NFT owners to monetize their assets. With BYDFi's NFT staking program, you can earn rewards by staking your bored ape NFT. The staked NFTs are used as collateral for borrowing and lending activities on the platform, generating income for both the NFT owners and the platform users. BYDFi also offers a vibrant community where you can connect with other NFT enthusiasts and explore various monetization strategies.