How to Make Money With NFTs: What You Need to Know as Telegram NFT Activity Explodes

The NFT landscape is heating up, and timing matters. Telegram just witnessed explosive growth—NFT transactions surged 400% in Q3 2024, with active wallets jumping from under 200,000 in July to over 1 million by September. This isn’t just noise; it signals where the market is heading. If you’ve been wondering how to make money with NFTs or what NFT even means, now is the moment to dig deeper.

Understanding NFT: The Basics Behind the Blockchain Buzz

Let’s start with fundamentals. NFT stands for Non-Fungible Token—a blockchain-based digital asset that represents ownership of something unique. Unlike Bitcoin or Ethereum, which are fungible (interchangeable), each NFT is one-of-a-kind. You can’t swap one NFT for another like trading identical cryptocurrencies. Instead, every NFT contains distinct metadata stored on the blockchain, proving its authenticity and ownership in a decentralized way.

The concept isn’t new—Kevin McKoy created the first NFT in 2014 called “Quantum.” But the real breakthrough came in 2017 when CryptoKitties launched. Suddenly, people were buying, selling, and breeding digital cats on the blockchain. That game proved NFTs could drive real engagement and value.

How NFT Minting and Blockchain Technology Work

When you create an NFT, you’re essentially minting it—converting a digital asset into a blockchain-recorded token. Ethereum became the go-to network for this, using standards like ERC-721 and ERC-1155. These standards define how unique tokens are created and managed, ensuring compatibility across platforms.

The blockchain records everything permanently: who owns it, its history, its metadata. This transparency is what makes NFTs secure and prevents counterfeiting.

Practical Ways to Make Money With NFTs

There are multiple paths to profit if you approach this strategically:

Create and Sell Your Own If you’re an artist, musician, or content creator, you can mint your work as an NFT on platforms like OpenSea and sell it directly. You set the price, keep the profits, and reach a global audience instantly.

Buy Low, Sell High Like any asset, NFT trading rewards timing and research. Purchase undervalued pieces and exit when market conditions favor sellers. This approach requires understanding market cycles and spotting emerging trends.

Earn Royalties From Secondary Sales Here’s where creators gain an edge: set a royalty percentage (typically 5-10%) on your NFT. Every time someone resells your work, you earn a cut automatically. If your NFT gains traction, these passive earnings stack up.

NFT Yield Farming and Staking Advanced participants lend their NFTs or stake them in protocols to earn token rewards. This bridges NFTs with DeFi, offering interest-bearing opportunities for those with risk tolerance.

Hold for Appreciation The simplest approach: buy quality NFTs and wait. As with art or collectibles, scarcity and demand can drive value increases over time.

Real-World NFT Success Stories

Certain projects have become household names in crypto. CryptoKitties proved the model works. Bored Ape Yacht Club (BAYC)—a collection of 10,000 unique cartoon apes—saw individual pieces sell for millions. X Empire NFT represents a newer wave of projects gaining momentum.

These aren’t accidents. They succeeded because they combined scarcity, community, and utility.

The NFT Trading and Investment Landscape

You can approach NFT investing two ways: direct ownership or derivatives. Direct ownership means buying the actual NFT, holding it, and profiting if its value rises. Alternatively, you can trade CFD instruments linked to NFTs without owning the underlying asset—useful for speculation without blockchain friction.

Where to Buy, Sell, and Mint NFTs

OpenSea remains the largest marketplace, supporting over 150 payment tokens. It’s user-friendly for beginners.

Rarible appeals to creators wanting decentralized control, powered by its native RARI token.

SuperRare caters to digital art collectors seeking premium pieces on Ethereum.

Blur targets serious traders, combining marketplace tools with the Blend lending protocol.

Each platform has trade-offs: fees, liquidity, community size, and available collections vary.

The Risks You Must Consider Before Investing

NFTs aren’t without downsides. Ethereum gas fees can be punishing during network congestion. Market volatility is extreme—values can crash as quickly as they spike. And the space remains largely unregulated, creating exposure to scams, rug pulls, and fraud.

Do your research. Understand the project’s team, roadmap, and community before committing capital. Never invest money you can’t afford to lose.

The Verdict: NFTs as an Opportunity

NFTs represent a genuine frontier in digital ownership, enabling creators to monetize directly and collectors to own verifiable digital assets. Whether you’re an artist exploring how to make money with NFTs, a trader seeking the next breakout project, or a collector building a portfolio, the ecosystem offers real opportunities.

The Telegram surge proves demand is expanding beyond crypto-native audiences. But opportunity comes with responsibility—understand the mechanics, study the market, and invest wisely.