You can purchase & sell memes to earn impressive returns. Latest reports suggest Doge meme NFT sold for $4M. Also, the ‘Overly Attached Girlfriend’ sold for $411K in Ethereum, highlighting the massive profits such deals can make.
Individuals have considered memes as online tools with the power to entertain massive audiences and go viral. However, the non-fungible token (NFT) culture changed the narrative. It changes memes from objects representing humorous scope to monetizing them. Are you confused?
You can now transact memes for lucrative returns. The latest market reports show the world-recognized Doge meme NFT sold for more than $4 million. Another example showing money-making opportunities with meme NFTs is the “Overly Attached Girlfriend,” selling for $411K in Ethereum. Indeed, these figures seem exciting. Let us dig deep to check how you can join the bandwagon.
Non-fungible tokens are non-interchangeable blockchain-based data units. Blockchain is a digital ledger that adds verifiability, credibility, and uniqueness to secure artists’ work to prevent rampant duplications. You can trade memes’ ownership after converting them into NFTs without trouble, translating to increased income.
Now, how to create meme NFTs?
Turning memes into an NFT isn’t a hassle. You can access multiple apps, startups, and websites offering platforms for digital developers to convert files hassle-free. You only need to select a file. And create an ETH wallet and add value to it. Wallets allow you access to NFT marketplaces, where you can introduce, advertise and sell the non-fungible token. The whole process is smooth if you have the meme.
Should you start investing in Non-fungible tokens? The globe is shifting to digital platforms. NFTs are more than a craze in a tech-driven world. Traditionally, artists had their work jeopardized and copied. Nevertheless, blockchain technology secured the assets. That translates to increased art exposure and more earnings. That allowed talented individuals to showcase their artwork without duplication worries.
Though you can buy NFTs, some individuals rent them. Potential investors or creators can transfer or acquire virtual assets for some time in exchange for fixed payments. NFTs have seen impressive adoption and might attract more individuals in the coming days. The best thing is that you can start trading meme NFTs even if you are not an artist.
Disclaimer: NFTs and Cryptocurrencies are highly volatile, conduct your own research before making any investment decisions. Some of the posts on this website are guest posts or paid posts that are not written by our authors (namely Business Voices content) and the views expressed in these types of posts do not reflect the views of this website. Please read our full disclaimer here.