Do you want to keep up with the times and make money all at once? Are you looking for new and effective passive income ideas? Then, you should definitely discover how to invest in NFT and why more and more people from all over the world are interested in this type of digital asset.

Nowadays artists from all over the globe are trying to create outstanding new NFT collections. Creators of digital art want not only to become famous but also desire to sell their tokens and earn money. It’s not a secret that Mike Winkleman (better known as Beeple) has earned millions by minting and selling his amazing artworks.

The investment potential is mounting day after day. You can hardly find an artist who has never heard a word about Doodles or Axie Infinity. The world-famous CryptoPunks are now on sale. They cost over $142.4M. Yet, in 2017, when they were released, it was possible to buy a token for $1. The maximum price was only $34 – almost for free! No wonder, it’s a really cool idea to discover how to invest in NFT art.

It’s possible for everyone who possesses minimal knowledge about blockchain technologies and cryptocurrencies. The process of buying a non-fungible token doesn’t differ greatly from purchasing a crypto coin.

How to Find Trending and Promising Top NFT Collections

There are several steps you should take in order to be able to invest in NFTs. They are the following:

• Select the most appropriate marketplace that meets your needs and expectations.

OpenSea is a cool website for beginners. It offers a wide range of options and is easy to use. Yet, you may search for another place for minting.

• Register, connect, and fund a crypto wallet on the chosen platform.

It’s impossible to start minting buying NFTs if you do not a digital wallet. You should take into account that every marketplace has its own requirements for the digital wallet.

• Buy NFT art you like

There are several types of non-fungible tokens. They are pics, audio files, video game items, etc. There are some collections that combine both real-world and digital elements (for example, the Collezione Genesi NFT by Dolce and Gabbana).

• Sell your token at a fixed price or at the virtual auction to get profit.

One of the most popular questions many artists and investors ask is “What is the best NFT to invest in?” You may be surprised (or disappointed) to get to know that there is no only right answer. At the moment, it’s almost impossible to predict what tokens can bring you the biggest profit. You should monitor the news, join communities, and follow NFT bloggers to catch the best offers.

So, if you decide to invest in NFT, you have to keep the market under the radar. For example, when visiting such platforms as Top NFT Collections, you may get acquainted with the chart of the most trending tokens, the number of traders, volume, etc. Who knows maybe the next token you purchase will bring you the first million?