Can You Make A Living Selling NFTs?

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NFTs have become one of the ways creative people can make a living. Selling NFTs can give you a steady income if you know how to do it. In this article, we will uncover how to make a living selling NFTs.


Key Takeaways

  • You can make a living selling NFTs.
  • Understand the NFT market, follow trends, and research your competition.
  • Get to know what makes NFTs valuable and what type of NFTs you can sell to make a living.

Understanding the NFT market

Before you can make a living selling NFTs, you need to understand how the NFT market behaves, what affects the NFT prices, and what people are willing to buy. Here’s a list of the things that help you understand the NFT market:

  • Research online: There are many resources available online, such as articles, blogs, and forums, that provide information about the NFT market. Some popular resources include Coindesk, Airnfts blog, and Nonfungible.com.
  • Join online communities: There are many online communities dedicated to NFTs, such as Reddit, Telegram, and Discord groups. Joining these communities can be a great way to learn from others involved in the market.
  • Attend online events: There are many online events, such as webinars and virtual conferences, that provide information about the NFT market. Some popular events include NFT NYC and NFT Day.
  • Follow NFT marketplaces and creators: Following NFT marketplaces and creators will give you an idea of the current trends and popular items. This can help you understand what types of NFTs are selling well and the current trend in NFTs (anime, AI art, pixel art, etc.).
  • Read whitepapers and research papers: Some projects and marketplaces have released whitepapers and research papers that provide detailed information about the NFT market and its underlying technology.

The more you know about the NFT market, the better you understand what is required from your NFTs, what type of NFTs sell the most, and why.

Selling generative NFT art collection(s)

opensea-generative-nft-art-collection-example

One of the most popular NFTs to sell is generative art as an NFT. In the context of NFTs, generative art refers to digital art created using algorithms rather than traditional art-making techniques like painting or sculpture. These algorithms can be created using various programming languages, such as Python or JavaScript.

If you want to create your generative 10,000-piece NFT collection, there are plenty of NFT art generators online to try and experiment with.

The benefit of creating an NFT collection using generative methods is that you can create many of them and still sell them as individual NFTs.

nft-art-generator-pricing
Image showcasing the OneMint pricing structure. You can create 1,000 NFTs for $199

Many of the NFTs you see on OpenSea are created algorithmically. When you calculate that a collection with 1,000 NFTs was sold at 0.1 ETH per NFT and the average price of 1 ETH is $1,400, for example, it means that the collection just netted $140,000 to its creator.

Making a living selling NFT collections is totally possible, but it isn’t easy. You can read more about how to sell NFTs from our site.

Selling unique one-of-one NFTs

Creating a 10,000 or such NFT collection is one way to make a living with NFTs. Another option is to create 1:1 (one-of-one) NFTs that are not created using the generative art method. You can sell music albums as an NFT, AI art, digital art, videos, memes, tweets, etc., as an NFT and make a living that way.

It’s hard to say which is easier to sell, a 1,000-piece NFT collection or a few well-crafted 1:1 NFTs. What makes 1:1 NFTs special is that they truly look like there’s only of them in the whole world. With generative art, all the artworks look more or less the same, even if extremely detailed.

While you can always just list one NFT for sale of each item, you can also mint more than one of the same items. You can list a photograph (for example) to an NFT marketplace and make the supply, for example, 100. This means that there are 100 photographs to be minted.

Selling each photograph for 0.1 ETH would net you 10 ETH, and the average market price of ETH is $1,400, for example, would net you $14,000, and that’s from one photograph. If you have plenty of them lying around, then use the number of photographs as a multiplier to calculate how much you could potentially make.

NFT royalties

Selling NFTs is one way to make a living, but another is to collect the royalties from each sale. All you need to do is set a royalty percentage to the collection, and every time someone sells your NFT to someone else, you will get a set percentage from the sale. If, for example, the total sales volume is 38 ETH and you’ve set the royalty percentage to 10%, you would net 3.8 ETH, which would be $5,320 (with 1 ETH being $1,400).

How to make your NFTs more valuable

NFTs can be a lot of things, and you can add a lot of extra features to them. While many sell digital art, music, in-game assets, and videos without added value, the most successful creators are the ones who increase the value of their offerings.

Ways you can increase the value of your NFTs:

  • Originality
  • Historical significance
  • Innovation
  • Social value
  • Monetary value
  • Utility
  • Community

What Type of NFTs Can You Sell?

We’ve gathered an extensive list of what kind of NFTs you can sell if you have the rights to the work in question.

  • In-game assets (weapons, items, accessories, etc.)
  • Photographs
  • Digital art
  • AI art
  • Music
  • Videos
  • Memes
  • Tweets
  • Virtual land and virtual worlds
  • Ownership of a physical property
  • Digital gaming cards and trading cards
  • Domain name
  • Website
  • Virtual fashion (virtual shoes, jackets, glasses, etc.)
  • Real-world assets
  • Event tickets

The list isn’t complete, but it will give you an idea of what NFTs can be.

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Okuha

Digital Artist

I’m a digital artist who is passionate about anime and manga art. My true artist journey pretty much started with CTRL+Z. When I experienced that and the limitless color choices and the number of tools I could use with art software, I was sold. Drawing digital anime art is the thing that makes me happy among eating cheeseburgers in between veggie meals.

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