How much money do you need to start selling NFTs?
There are no upfront costs for you for mining NFTs on Polygon. This is possible because the platform uses the lazy minting option by default when choosing to mint an NFT on Polygon. However, the platform charges a 2.5% service fee, deducted from the NFT’s selling price, after it’s first sold.
Can a beginner make money with NFTs?
The direct and effective method of making money with NFTs is to create and sell them. Yes, you can create and sell anything digital such as arts, images, videos, memes, properties, etc., as NFTs. If you have a notch to creativity, you can monetize all your creations by selling them as NFT.
Can buying NFTs make you rich?
While some people are getting rich off NFTs, Mr. Medved advises people to remember that many other NFT projects lose value over time. “You should never invest any more money than you are willing to lose,” he said. “The NFT space, like the crypto space, is very volatile, and the markets go up and down very quickly.”