We would first like to point out that the prices achieved by artists or well-known NFTs are still relatively rare and that creating, maintaining and selling an NFT involves high fees. In fact, depending on how much your manufactured NFT you can sell for, the fees can eat up a large portion of the selling price and even out of your pocket.
However, more and more companies, artists and collectors are making money from creating and selling NFTs, so you might want to consider this chance. In the following guide we will explain how to create your own NFT and how to sell this NFT through an online auction. If you still don’t know what a token is, we recommend reading the NFTs before proceeding. If you’re ready to try your luck, read our step by step guide on how to create and sell your own NFT in 2022 to start making money from NFT.
Why Companies Should Consider Creating NFTs
Aside from the obvious benefit of creating and selling your own NFT to generate income, there are other good aspects linked with creating and selling your own NFT. The first immediate benefit of having your own NFT for your business is that NFTs prove authorship. When you publish tweet, artwork, music, or other digital asset, an NFT proves the authenticity of that asset. Even if someone tries to copy or fake the file, authenticity protects your audience. This makes your union much less likely to fall victim to fraud and counterfeiting.
NFTs can also be used for access rights. Whether you’re selling access to a membership, or an event – anything you might usually sell digital for online – by connecting an NFT to the access point, you’re giving your audience a much smoother idea. Everything that runs in the background happens immediately. You also protect your membership or event from potential bootleggers and resellers. Every time someone tries to resell your NFT, you will receive the funds as specified in the smart deal. And since the NFT proves authorship, you don’t have to worry about someone using a counterfeit to gain access to your membership or event.
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