How To Make Money Online 2022: A Beginner’s Guide On NFT

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Want to make money online? Of course yes, now-a-days everyone want to. Do you remember Leonardo DiCaprio in the movie, “The Wolf of Wall Street“, his lavish lifestyle and luxurious vacations in St. Tropez? We youngster, at some point of our life, want to experience the same. Well! I have news for you, you can and you will get that using these SIMPLE and LEGAL ways to make buttload of money. In this article, you will learn how to make money online using NFTs that will help you to generate extra cash flow even if you are sleeping.

The following image shows examples of some of the most expensive NFTs.

Examples of Most Expensive NFTs: How to make money online- pykit.org
Some Expensive NFTs

NFT (non-fungible token): What is an NFT?

NFTs are generally known as a particular type of digital collectible. NFTs also known as non-fungible tokens are unique items verified and secured by a blockchain, the same technology used for cryptocurrencies. An NFT provides the authenticity of origin, ownership, uniqueness (scarcity), and permanence for any particular item.

What is NFT - How to make money online - pykit.org
NFT: What are they?

Let’s break the term non-fungible token down a piece at a time.

Non-fungible is an economic term that is used to describe things like your furniture, a song file, or your computer. These things are not interchangeable with other items because they own unique properties. While on the other hand, fungible items can be exchanged because their value defines them rather than their own unique properties. For example, ETH or dollars or INR are fungible because 1 ETH / $1 USD / 1 INR is exchangeable for another 1 ETH / $1 USD / 1 INR.

Token in NFT is derived from something called “the blockchain”. Crypto tokens are a type of cryptocurrency that represents an asset. Currently, most NFTs are created on and live on the Ethereum blockchain.

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How To Make Money Online Using NFT?

Well! we have discussed “What are NFTs?”, let’s see how to make money online using NFT? As the image, in the beginning, shows that NFTs can be anything (digital collectibles) for example, art, video, gifs, image, in-game items like avatars, etc.

In this article, we will take an example of art as our NFT. To make money using NFT, you have to create art that you can upload and sell in the open marketplaces depending upon your choice. For example, “opensea.io”. It’s very similar to listing and selling your products online using e-commerce websites like ‘Amazon’ or ‘Flipkart’. We will discuss the complete steps in parts.

To Make Money Online, You Need To Create an NFT

Creating an NFT art is very simple. You can create it using your laptop or PC with simple paint or advanced applications like photoshop. Or you can also create it online using various tools, for example, canva. We will use canva to create a sample example.

Login Or Sign Up On Canva

The signup process is very simple. You can signup using or email account or can directly sign in using your Gmail, Facebook, or Apple account and start using the free service.

Create Account On Canva For Creating NFT art
How To Create an Account On Canva

Create an NFT Art (example) Using Canva

Follow the steps shown in the image to create a simple gif.

Create A Simple NFT Using Canva-pykit
Create A Simple GIF

How to Sell Your NFT?

After creating a simple gif, we can list it for sale in the marketplaces such as “opensea.io”. To create an account on OpenSea, you need a cryptocurrency wallet that can be used to exchange Ethereum. One of the most popular wallets is ‘MetaMask’. We will see how to set up an account and list our NFT for sale in the next steps.

First Step: To make money online, create an account on OpenSea

To create and set up an account on OpenSea, visit the official website here to see the step-by-step guide.

OpenSea Account Setup

Second Step: Creating a collection and adding your Item/NFT art

Once you have created your NFT art and configured your OpenSea account, you are then required to create a collection and upload your art by creating a new item. The collection is simply a gallery/container where you upload all your NFTs. You can create as many collections as you want based on the type of NFT you are uploading. For example, create a collection of NFTs specific to animated videos/GIFs/images.

Third Step: List your NFT for sale and earn money online when someone buy it

To sell your NFT, you need to choose a blockchain on which you want to trade. Currently, Ethereum (which requires a gas fee for listing your NFT for sale) and Polygon (gas-free) blockchains are available. I recommend going with Polygon if you don’t have the initial budget to invest. That’s it!

To Make Money Online, Can I Buy an NFT and Resell it?

Well! you can buy an NFT and even resell it. Do you know that NFT Royalty is offered for the original creator of an asset when they are sold every time? Yes, and this is the broad picture of trading in NFTs.

You can visit this link to see the listing of the gif we have created using Canva in the above example.

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Summary: How To Make Money Online 2022

In this article, we discussed NFTs and their value in the current market with examples of some expensive NFTs arts. We learned how to create a simple NFT using Canva and also learned about setting up an account on OpenSea with MetaMask wallet to list our NFT for sale.

If you have any questions, feel free to Contact Us.

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Explore Top 5 Alternatives of OpenSea to Make Money Online


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