Can I sell my NFT if I have no money?
You might be asking yourself the question, Can I sell my NFT if I have no money? Well, the answer to that question is yes and no, it all depends on what you plan to do with it. If you’re an artist, then you probably want to sell your NFT directly in your game or marketplace.
The answer depends on what kind of NFT you are trying to sell
If you are trying to sell a standard ERC-721 token, then no, since your token only has value because it is assigned to an Ethereum address. This means that if someone were to get your private key, they could steal all of your tokens. As such, there is little motivation for people to purchase your tokens for anything less than their full ETH value. If you are instead trying to sell a non-fungible token backed by real world assets (known as an ERC-20), then yes! The primary benefit of these types of non-fungible tokens is that you can transfer ownership over an asset like gold or company shares.
(1) Free-to-play games
Because these games are free to play, you can generate some revenue from in-game advertising and sales of virtual goods. You can also make a bit of cash from sponsored posts on social media (more on that below). These aren’t reliable forms of income, but they could be enough to get you going.
(2) In-game items
Trading in-game items can be a lucrative option, especially if you’re a high-level player. Use any money you earn to buy newer characters, or take a break from playing for an extended period and let your account grow: it’s easy to make 50 or 100 times what you spend. Just beware that trading between players for real cash is against Blizzard’s Terms of Service. To learn more about it, head over to their official policy .
(3) Real world items
The first thing that needs to be checked is whether or not you are allowed to sell your item in your state. Some states have special rules regarding gifts and sales of personal property, so check with a local attorney before attempting to make any real world sales. To read about how you can flip items for free, click here. You may also want to research similar transactions in your area as an example for what price people are willing to pay for items like yours.
(4) Virtual worlds
What can virtual worlds do for you? Just about anything. Unlike regular games, in which you’re limited to one role, online virtual worlds give players complete control over how they want to play. In fact, with a little creativity and hard work (and maybe a little luck), it’s possible to turn your virtual world activities into a real-world profit. Virtual entrepreneurship doesn’t necessarily require cash outlay: Many of these businesses are free and still offer opportunities for significant financial rewards.