Summary of How to Make Money with NFTs for Beginners 2022 [FREE COURSE]

00:00:00 - 00:25:00

The video discusses how to make money with NFTs by either buying and selling them or collecting valuable assets. NFTs can be profitable because they can be extremely valuable, depending on their story and context. The video provides an overview of some of the largest NFT marketplaces.

• 00:00:00 This video introduces the concept of fungible and non-fungible tokens, explains how nfts work, and describes how nfts can be profitable.
• 00:05:00 An "NFT" is a digital asset that is created and traded on the blockchain. NFTs can be extremely valuable, depending on their story and context. Wealthfront offers a way to invest in crypto passively, and offers a wide variety of etfs.
• 00:10:00 The video discusses the benefits of selling digital art as nfts, including the ability to set a fee, passive income, and no verification necessary. It also provides an overview of OpenC, one of the largest nfts marketplaces.
• 00:15:00 The three platforms discussed in the video are OpenC, Foundation, and Wearable. OpenC is the most accessible, but Wearable is used most commonly to mint individual pieces. Foundation is the most difficult to access, as one needs a certain number of upvotes to mint an artwork.
• 00:20:00 This video explains how to make money with NFTs, using an example of selling a car. You can choose how much to charge for the nft, set a price history, and see how much money is being made through sales.
• 00:25:00 In this video, a person explains how to make money with NFTs (notyet defined). One way to make money is to buy and sell NFTs, which is similar to investing in stocks. Another way to make money with NFTs is to collect valuable assets and hope that they will rise in value.