7 viable NFT business investment ideas in 2022
Ideas are the lifeblood of business. Capture every fleeting idea and drive change ~ Richard Branson (a British business tycoon).
The heart of every business is a product/service idea that persuades the target audience to engage. Simply put, the business idea lays out the reasons (to invest/buy) in front of the public.
Speaking of business ideas, you can’t invest in a haphazard and inefficient business model, can you? Soaring around the clouds of business, I couldn’t resist seeing the NFT business making a good amount of money. Let me share with you a detailed market
report from Dapp Radar (a well-known market tracker), which indicates that NFT sales amassed around $23 billion in all of 2021.
Let’s take a look at seven future-proof NFT trading investment ideas in the following words:
Start a consulting firm
The conventional financial market includes investment advisory firms that guide investors on the WHERE and HOW of their investments. We all know that non-fungible tokens (NFTs) are a collectible investment, right? Helping investors and putting them on the right track is the primary function of an NFT investment advisory firm.
Investors would essentially give you their money in exchange for your expertise in investing in NFTs with the expectation of a positive return on their investment. You get part of the earnings in exchange for your services, and it’s done.
But then, this business model would require you to be an NFT enthusiast, right?
2. Build an NFT market
Nearly 90% of NFT sales are through marketplaces, ranging from niche-specific platforms to all-in-one platforms. Hovering around the NFT space, I see various marketplaces that facilitate trade. Also, most of them enjoy decent to good footfall on their media.
To convey (in a better way), let me use the NFT Marketplace like Rarible for example. It is one of the few marketplaces that makes a lot of money selling rare art NFTs.
I would (personally) suggest this get-rich-quick business model to seasonal entrepreneurs!
3. Create an NFT Play-to-earn gaming platform
With influencers and sponsors joining forces to create a whole new perspective on the gaming industry, making money playing video games is becoming a more mainstream thing. We’re seeing a shift in the perception that gaming is more than isolating yourself in your bedroom for 12 hours a day and getting nothing in return.
Ardent gamers gather in-game assets (as they play) and store them on their ideal blockchain indefinitely. They can monetize them whenever they want on secondary marketplaces. Now, that calls for similarity, doesn’t it? You can fondly remember online video gamers using Twitch to monetize their gaming sessions!
Well, I’m not much of a gambling freak (to be honest). For more information on NFT Gaming, read Binance’s article.
4. Become an NFT Writer
If you have a good flair for writing, you can try this. The main job of an NFT writer is to simplify complex concepts into an easy-to-understand language and style.
With an increasing number of newbies trying to figure out non-fungible tokens, your no-nonsense writing can help them a lot. Well, you can create an NFT-specific blog/website or offer your writing skills to websites for those who urgently need it.
Guess what? I feel like I have a competitor (as a fellow writer)!!
5. Leverage NFTs for Fundraising
Have you come across any fundraising projects in the crypto space? What was struggling with rugpulls in the mid-2010s, the emergence of an IoT token launch pad saw things change.
Similarly, with NFTs, you have two options: one is to help people tokenize their projects (as NFTs) and receive capital, while the other is to boost investments and use them For Your Business.
Non-fungible token, like the IoT token launchpadtakes full advantage of the full decentralization factor.
6. Create your NFTverse
NFTverse (the decorated portmanteau of NFTs and the Metaverse) is an NFT-specific virtual world, where NFT enthusiasts converge to buy, sell and experience the NFTs of their dreams. Creators can deploy their artistic abilities at work to perform virtual games, events and more. You can sell and trade any virtual assets you create as a Metaverse Asset Creator.
7. Publish an all-inclusive NFT book
Books are full of information. Because NFTs are so new to society, we can expect a lot of people to want to know more about them by reading books and learning about them.
As long as you provide a huge amount of content in the book, an NFT ebook would be simple to market, convenient for both parties, and useful for your consumers.
Remember that some of the ideas may work instantly, while others may take time and some may not work at all. But then that’s how it all works in the beginning. Look at NFTs, two or three years ago, and now.
Last but not least, choose one business idea at a time, because too much of anything is good for nothing!!