So, what are NFT's?
NFT stands for non-fungible token, which basically means that it's a one-of-a-kind digital asset that belongs to you and you only.
NFTs are tokens that we can use to represent ownership of unique items. They let us tokenise things like art, collectibles, music and even real estate. They can only have one official owner at a time and they're secured by the Ethereum blockchain so no one can modify the record of ownership or copy/paste a new NFT into existence.
This has opened up a whole world of creating your own digital assets, buying, investing and even trading. These can then grow into a worthwhile way of investing or creating a small but profitable business.
There are a number of different websites you can buy original NFT's like Opensea.io and rarible.com
These allow you to buy from different categories including digital art and music, which are currently amongst some of the top sellers.
Creating your own digital art NFT's
Creating a digital art piece is probably one of the easiest ways to start with. You can start with the simplest of images and put your own touch to it within minutes, using canva or an art program on your phone or pc.
There's alot of digital image NFT's that show just a regular object (like a cartoons monkeys face) that have become very popular. These are worth a considerable amount of money for such a simple image. Just let your artistic flare take over and see what you can create!
So how do I make money from NFT's?
NFT's can be a worthwhile investment for collectors and artists. Speculators have flocked to the movement as cryptocurrencies and other digital assets have skyrocketed in price in the past few years.
Creating an account (with the websites above) will also enable you to create your own listing of digital content to sell. You will then earn an income on each asset everytime someone buys and uses each one. Even if you haven't got the flair to create your own assets, you can still buy other creators content for investment purposes.