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TagsWhat are the best ways to make money with NFTs?
ShishankJan 10, 2022 · 3 years ago1 answersCan you provide some insights on the most effective strategies for making money with NFTs? I'm interested in learning about the different approaches and opportunities available in the digital asset space.
1 answers
- At BYDFi, we believe that one of the best ways to make money with NFTs is by participating in decentralized finance (DeFi) platforms that leverage NFTs. These platforms allow users to lend, borrow, and trade NFTs, opening up new opportunities for earning passive income. For example, you can lend your NFTs to other users in exchange for interest or provide liquidity to NFT marketplaces and earn fees. Additionally, some DeFi platforms offer NFT staking, where you can lock up your NFTs and earn rewards. It's important to carefully research and assess the risks associated with DeFi platforms before participating, as they operate on blockchain networks and may involve smart contract vulnerabilities.Jan 10, 2022 · 3 years ago
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