How to Make Money With NFT Index?

How to make money with NFTs? Simple.

NFT prices have been skyrocketing, and so many assets are becoming much more profitable as weeks continue to pass. If you feel like you're missing out on NFT profits, don't worry – you can still buy NFTs then "rent" them out to earn profits. You can even "stake" your NFTs to earn extra cash on the side without doing anything.

Here are five great ways to make money with your NFT index

Create and Sell

If you're an artist, it's easy to create and sell your NFT art. OpenSea.io and community-run Rarible have their minting facilities, making it easy for any artist to draw their original works or use artificial intelligence to help them create genuinely unique NFT art that can implement its respective set of special facilities per each owner. Creating and selling NFT has been the easiest way to earn high on NFTs.

Trade

NFT trading is the second most profitable practice for making money with your NFT index. You can purchase an NFT you believe would increase in value in the next five years. Once you correctly made your bet, you can then trade your NFT for cash during its peak prices. While it sounds easy, it can be tricky. Many investors have bought their NFT high and sold it for low prices, so make sure you're familiar with the basic principles of trading.

'Rent' Your NFTs

All NFTs have unique features, such as having hidden games, content restricted except for those with special tokens, and more. NFT renting works by supplying your NFT to a trusted individual. Draw up a smart contract that ensures you receive your token after the appointed rental period before receiving the payment and renting out your NFT.

Stake Your NFTs

Lastly, you can stake your NFTs and earn cash. If your NFT is chosen as a stake during a transaction verification process, your address and NFT can earn money. You can do staking by following these instructions.