What are the top strategies for earning money through NFT trading?

3 answers

• Dec 18, 2021 · 3 years ago
  One of the top strategies for earning money through NFT trading is to focus on buying and holding rare and valuable NFTs. Look for NFTs with unique features, limited supply, and a strong community following. By holding onto these NFTs, you can potentially benefit from their increasing value over time. Remember to do thorough research and due diligence before investing in any NFT.
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• Dec 18, 2021 · 3 years ago
  Another strategy is to participate in NFT drops and auctions. Many artists and creators release their NFTs through drops, which are limited-time events where you can purchase NFTs directly from the creator. These drops often sell out quickly, so it's important to stay updated and be ready to make a purchase when a drop is announced. Additionally, participating in NFT auctions can be a lucrative strategy, as you can potentially acquire valuable NFTs at a lower price than their market value.
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• Dec 18, 2021 · 3 years ago
  BYDFi, a leading digital asset exchange, also offers a unique strategy for earning money through NFT trading. BYDFi allows users to stake their NFTs and earn passive income. By staking your NFTs, you can earn rewards in the form of additional NFTs or tokens. This strategy can be particularly beneficial if you have NFTs that are in high demand or have a strong community backing. It's worth considering BYDFi's staking program as part of your overall NFT trading strategy.
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