5 Strategies To Make Money With NFTs As An Artist – Magnetic Magazine

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According to NFT Stats, more than 53,000 NFTs have been sold worldwide in just the past 24 hours, generating a trading volume of $84.3 million.

From interactive animations to logos to digital collectible lines, the creative possibilities for NFTs are nearly limitless. However, many artists want to get in on the NFT craze but have no concrete plans for how to make money.

Can anyone make money as an NFT creator? With the right mindset, I believe so.

Here are five strategies that successful artists use to create profitable NFTs.

This is a guest post written by Alexey Komov aka ZESKULLZ, co-founder and creative director at Theamadei.

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Is Making Money With NFTs Hard?

Making money with NFTs as an artist doesn’t have to be as hard as you think, as long as you know the right moves to make. Because there is a lot of money to be made in this space, but there is also a lot of money to be lost if you’re not doing what you’re supposed to.

So just to rehash the best practices that I have seen for making NFTs work, let’s dive into the best five, actionable tips artists should be doing. 

Understand how to create hype around your project via strategic marketing and effective collaboration. Two audiences are better than one, and working with others in your space can really help pour fuel on the fire. 

Build a community of followers around yourself and your project. The more people are interested, the better and people within your direct community will be the warmest leads you can find. Start building a community today on platforms like Instagram, Discord, or others.

Immerse yourself in the NFT community. Don’t shy away from the public eye! Create something useful, unique and appealing to investors. Just like any other industry, to thrive in the NFT world you need to eat, sleep, and breath what you do. This might seem like a lot to handle as an emerging artist, but it can be worth it in the long run.

NFTs have been around since 2014, so they aren’t just a passing fad. The sooner creators can get into the community, the better their chances of success are.

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