Memes were once thought to be social media tools, with the ability to become viral and entertain a wide range of people. Then there was the NFT culture. It expanded the gamut of memes from merely offering hilarious information to including monetary value.
Still, perplexed?
Today, you can indeed buy and sell memes and earn lucrative profits. According to recent market reports - the world-famous “Doge” meme NFT was sold for $4 million. Another example highlighting the amount of money one can make in such trades is the “Overly Attached Girlfriend”, which was bought for $411,000 in Ethereum.
These figures sound exciting. Before we get into how you can start making money with these, let's first define NFTs.
If you've created a meme, converting it to an NFT is a simple process. There are numerous websites, apps, and startups that provide a platform for digital producers to convert their files in a few simple steps. In most cases, you start by selecting a file, then construct an Ethereum wallet and deposit funds into it. You can use the wallet to join an NFT marketplace where you can list, advertise, and sell your NFT.
Once you've created your meme, the rest of the procedure goes smoothly.
Why should you start investing in and trading NFTs? The world is increasingly transitioning to digital media. In an era dominated by technological solutions, NFTs are more than just a passing fad. Traditionally, it took only minutes for your digital work to be replicated. The genuineness of a creator's work was endangered. NFTs, which are backed by blockchain, have enabled the development of digital assets a safe endeavor. Artists now have more opportunities to be recognized and compensated for their work. This has allowed a myriad of creative individuals to openly present their work without fear of repetition.
Is it critical to purchase an NFT? While it is possible to sell and buy NFTs, it is also possible to rent them. In exchange for recurring payment, a creator or potential investor might transfer or acquire ownership of digital goods for a specific length of time. NFTs are becoming increasingly popular around the world. More and more people will enter this sphere in the coming years. What's the best part? To begin trading meme NFTs, you do not need to be an artist or creator. If you're a huge fan of memes? You can simply register on a marketplace and trade in these assets.
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All images culled from Google Search.
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