How to make money with your NTF

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(Edited)

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A few days ago my friend asked me for information on how to sell NTFs. So I started doing research on NTFs, it's not too easy to find information that is effective. So I found these explanations on Telegram. I hope it will be of great use to you and that you can sell your NTFs easily, good luck.

"
I'm going to take a moment to talk about NFTs since I see people in here talking and arguing about them. NFTs have some actual use cases, but what people are currently doing with them on altcoin platforms is not one of them.
Below I will explain how the NFTs on altcoin platforms work on a technical level and I will explain why they probably wont even exist in 10 years. I will also explain why some of these NFTs are selling for such high prices.
Many of those NFTs that were sold for crazy high prices were not actually sold to other people. The person who bought those expensive NFTs is often the same person who minted the NFT in the first place. I will explain how whales can easily own very expensive rare NFTs for very little cost. They can just mint an NFT and sell it to them self for $500,000 worth of etһ. They will only lose the small percentage that the NFT marketplace takes and now they own a super rare NFT worth $500k and they will still have most of their etһ because they sold the NFT to them self. And there is a small chance that they might be able to to sell that worthless NFT to some fool who believes that it is actually valuable. Doing this also entices more newbies to mint NFTs in the hopes of getting rich.
Some people are now using flash loans to borrow large amounts of etһ so that they can purchase their own NFTs for extremely high prices and then they pay back the flash loan all in the same block.

(https://www.theblockcrypto.com/post/122516/how-a-cunning-trick-made-it-look-like-a-cryptopunk-sold-for-532-million)

Here is another example that can be done. You can mint an NFT and sell it to yourself for $1000, then put it up for sale and buy it from yourself again for $1500, and sell it to yourself another time for $2200. Now you can put this appreciating NFT up for sale and try to sell it to some fool who sees it keeps getting sold for more and thinks that it must be valuable.
Have you seen celebrities buying NFTs like jpegs of bored apes for hundreds of thousands of dollars? Platforms like MoonPay are paying those celebrities to claim that they bought those NFTs. Those celebrities didn't really pay anything for those NFTs. Those celebrities actually got paid for receiving those NFTs. You can often look at the blockchain and see that the etһ that was used to buy the NFT came directly from a platform like MoonPay, as is the case with the bored ape NFTs that Post Malone recently "bought for $700k+"
The current NFTs are useful for something. These NFTs are a useful tool for laundering illegally acquired cryptocurrency. Criminals can shift around their ill gotten crypto between different tokens, mint an NFT, and purchase their own NFT with their dirty crypto. Now they've cleaned their dirty crypto and they also own a rare NFT that's supposedly worth a lot of money. I mean just look at how much it sold for!
It costs anywhere from $100-$600+ to mint an NFT on etһereum depending on the current gas fees and where you mint it. So they're hyping shitcoiners/artists/anyone up and luring them into minting crap in the hopes of getting rich and NFTs are doing a great job of that at the moment. People are spending millions of dollars worth of etһereum minting NFTs hoping to hit the NFT lottery and get rich.
All these NFT tokens being sold on etһereum right now either point to a URL on the internet, or an IPFS hash. In most circumstances they reference an IPFS gateway on the internet run by the same startup that sold the NFT. That URL also isn't the media. That URL is a JSON metadata file. The owners of the servers have no obligation to continue storing the media. Now let's take a look at a couple of real NFTs and see how they work on a technical level.

(https://niftygateway.com/itemdetail/primary/0x12f28e2106ce8fd8464885b80ea865e98b465149/1)

This NFT token is for this JSON file hosted directly on Nifty's servers as shown below:
(https://api.niftygateway.com/beeple/100010001/)
That file refers to the actual media that was "bought." Which in this case is hosted by Cloudinary CDN, which is served by Nifty's servers again. "



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