As time goes on, NFT is getting increasingly entrenched in the cryptocurrency field and is moving billions of dollars every day. Even one simple image here can be worth a huge amount of money and this has attracted the attention of marketing affiliates.
In this article, our partners — the Neogara affiliate network — will reply to you is it possible for a webmaster to make money on NFT, how to do it and what are the most profitable offers to work with? Find out in today’s article!
What Is NFT arbitrage and why is it worth driving traffic into?
The term NFT refers to non-fungible tokens. They are almost like regular cryptocurrencies, except that NFT tokens are in the form of graphic images.
Virtually any photo, video clip, or image can be converted into a token and sold on popular NFT venues for immense sums of money. This concerns even very images.
The algorithm is very simple – a person buys a token and receives all ownership rights to the image. Although, at first glance, linking this to traffic arbitrage seems complicated, the webmaster has two ways to make money. We will elaborate on them in more detail later.
NFT’s Prospects For Arbitrage
Now for an overall explanation of why the NFT vertical is profitable and will only continue to grow in the near future:
- Donation in online games. As said before, every NFT token is unique. No other user in the entire world will have the same card as the owner. Consequently, if the technology is implemented in online games, the prices of premium items in them will skyrocket. Even now, players are willing to spend billions of dollars on micro-transactions. And if you promise to create something particularly unique for them, gamers will be blown away.
- Legal regulation of property rights. Yes, yes, with NFT it will be possible to buy and sell documents, avoiding the loopholes in the law. No more schemes will be able to take your property away from you.
- Authentication of the purchase. For example, if you decide to buy branded clothes from a shady store, you can use a QR code to verify whether they are indeed authentic, or not. Many popular companies already use this technology.
And if we talk specifically about traffic arbitrage, it’s a whole world of perspectives. There will be more sources to work with, hundreds of new offers with good rates, new segments of the TA, and that’s just the beginning.
How do I generate income from NFT in arbitrage?
As stated, there are two ways – either engage in NFT selling/buying yourself, or promote appropriate marketplaces.
Option 1: Sell/buy NFT.
You don’t even have to become an artist in this case – just resell the tokens. To do that, here’s a little introductory information for you.
NFT is mostly traded via Ethereum or Solana. Both of these blockchains are popular right now and in the case of the first option, tokens are sold through the OpenSea marketplace. In the case of the second option, MagicEden and SolanaArt prevail.
The choice of the specific type of tokens is up to you. Keep in mind, although Etherium is popular, it has lower speed and bandwidth and in general, the price of Ethereum is predicted to be lower than Solana pretty soon.
Also when buying/selling tokens it is worth considering the internal regulations of marketplaces. Some of them only work with companies that have an official Twitter/discord, some sort of brand, and future prospects. Naturally, the entry criteria also vary from marketplace to marketplace.
Somewhere even a couple of hundred dollars is enough, and somewhere even $100,000 is not enough.
Once you have decided on a platform, then you need to select the NFT. Here the rule of thumb is to choose only new companies whose announcements are always placed on the front pages of the marketplace. They will be popular in the near future and you can make money on that.
Next, in order to buy tokens, you will most likely need to get on the company’s white list, by performing simple actions. Now comes the simple part – analyze, buy, wait for a price increase, sell. In the beginning, be prepared for losses, because not every mint can generate income, but over time, you will begin to understand what is worth buying.
Option 2. Collaboration with advertisers.
Essentially the work here is no different from standard cryptocurrency arbitrage. The approaches are the same, it’s just that the focus needs to be on the particular NFT.
For example, if you want to spin a success story of a young guy on your website, you must specify that he got rich using NFTs. And it will be even more convincing than usual crypto, because NFT tokens may gain dozens or even hundreds of times their value in just several days, which is commonplace.
Time-limited triggers will do well here because such tokens really jump in value from hour to hour and one must act immediately. And as the cherry on the cake – we will be working with a well-off target audience in any case. The cost of any position on local marketplaces starts at several hundred dollars.
Therefore, on the one hand, you will not be able to work with the very economically underdeveloped GEOs, but the Tier-1 GEOs will be available to you. Indeed, although they require a lot,, even for such a target audience NFT will be a novelty. Well, as long as such offers have not had enough time to bore the client, you need to use them and take your place in such a profitable niche.
Lastly, here is a good example of an advertising funnel by Neogara:
Offer: NFT profit
GEO: AU UK DK CH FI NO from $750 – $1,050 / CR 21%
GEO: AT/CH from $750 – $1050 / CR 20%
Quick Links:
- Best NFT Marketplaces 2022: Which NFT Marketplace Is Best?
- Helpful Tips For Buying Cryptocurrency 2022: Steps Buying Guide Of Crypto
- Basics of Cryptocurrency 2022: What Is cryptocurrency How It Works?
Summing up
Every day NFT is becoming a more and more popular direction for traffic arbitrage. Today we are once again convinced of that and have analyzed two ways of earning on NFT-tokens. If you haven’t tried your hand at this vertical.
Now that you know how to work with NFT offers and make a profit, go ahead and try driving traffic with Neogara!
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