How to Earn in a Bear Market through NFT

How to Earn in a Bear Market through NFT

Bear markets are characterized by crashing asset prices and a general loss of interest by investors. However, a bear market does not connote a lack of market opportunities. If you are keen on finding ways to earn despite the current market trend, then this post is for you. Here is how you can earn with your NFTs.

Stake Your NFT

Staking is a sure way to earn with your NFT. It is all about depositing your assets in a staking pool and earning yields in return. You could explore a platform like NFTX and utilize its NFT inventory staking system. The platform has a complex system that works behind the scenes that ensures that you suffer no impermanent loss on your assets as you earn yields. 

To learn more about how the platform works, here is a video that explains the entire process.

Create NFT Content

It will come as a surprise to you when you find out the number of people who still do not know how NFTs work. For some people, though, they find the space confusing and are constantly in search of clarity and original information. You could fill in this space by creating relevant content around NFTs. There is a lot to write about, after all, so you need not worry about running out of content ideas.

You could decide to start a podcast, a YouTube channel, or write about NFTs. If you are serious about it, you could be getting calls from professionals sooner than you thought.

NFT Finder Fee

There are several NFTs already in existence with beautiful art and decent narratives but they are not seeing the light just yet. Anyway, you could be the light that these art have been waiting for. 

A tool like Zora’s NFT Finder allows you to earn by discovering new NFTs and helping creators generate sales. All you need to do is to get on Zora, connect your wallet, and you can surf through arts on the platform. When you find art with a finders' fee, simply copy the link and share it across social channels. You will earn a commission when the creator generates primary sales via your link.

Create a Collection

If you have always wanted to create NFTs, now could be the time to try that out. You can experiment, adjust, and eventually find what works for you. The biggest advantage here is that you can gradually build up your reputation and benefit immensely when the next boom comes. You could also get lucky and see your art become a success right away.

Conclusion

It’s possible to make money with your NFTs despite the bear market. Simply explore the options mentioned above and you could start making some cool passive income.

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