In 2020, NFTs blew away the internet, and they've remained a huge trend over the past few years.

Through NFTs, investors and creators have amassed huge sums of money that are life-changing. Making money from NFTs can seem daunting, especially when huge numbers are thrown around. Earlier this year, Beeple's NFT was sold for USD 69.3 million and transformed the way people view digital collectibles. Now everyone is trying to catch this wave by getting their feet wet. In case you haven't started sailing yet on the NFT cruise boat, don't panic - the cruise boat hasn't sailed far yet.

In this article, you'll learn different ways to earn money from NFT in India.

1.    Rent Out

The non-fungible token (NFT) is a digital asset that is uncopyable. Renting them out might be a good idea. Renting is not a complicated process, it works like renting a real estate property. The concept of renting an NFT involves lending it out for a certain length of time to someone in exchange for a fee. It is possible to earn money from NFTs without giving up ownership by renting them out.

2.    Royalties

Is NFT an intangible that can earn royalties?

You can do that. Creators can earn passive lifelong royalties even after selling their digital assets. When someone buys your asset, however, you will receive royalties for the rest of your life. A royalty is one of the best passive income sources for artists. When it comes to making money from NFTs, royalties are essential to consider.

3.    Trade NFTs

Trading NFTS is another option besides selling them. Entrepreneurs and investors buy and sell NFTs to make money like stocks. As with making NFTs, if you own a collection and no longer need them, you can easily sell them. You will skip only the minting process.

If you buy and sell NFTs, you can make a profit. An art piece by Beeple-based Miami collector Pablo Rodriguez-Fraile fetched more than 1,000 times its original price in less than six months! However, all NFTs are not the same. The value of some is millions of dollars, while the value of others is almost nothing. To profit from a future resale of an item, collectors must examine it critically.

4.    NFT gaming

It is possible to make money by playing video games today. NFTs are a type of cryptocurrency used for in-game items in blockchain-based games. CryptoKitties are an example of an extremely difficult-to-find collectible, which is very expensive.

It is not uncommon for crypto cats to reach more than $300,000 in some cases. It has become increasingly common to release games that use cheaper NFTs. Several companies offer free stuff to the first few people who register.  Make money with nft is quite achievable with all the latest gaming NFTs.

5.    Staking NFTs

A major advantage of the marriage of NFTs and decentralized finance protocols (DeFi) is the ability to stake NFTs. Staking is the act of depositing digital assets into a smart contract that uses the DeFi protocol to create a yield. It is possible to stake token incentives on some platforms using any NFT, while on others you must buy native NFTs (which are usually priced in the platform's utility token).

6.    Adopt NFT-powered yield farming

As NFTs are quickly becoming a critical component of AMMs, users can now farm for yields with AMMs that use NFTs. Combining different DeFi protocols can yield the best yields for your digital assets. "Return farming" is the practice of doing this. On the Uniswap platform, we will demonstrate how the LP-NFT tokens can be staked on other protocols for extra yields or used as collateral for trading.

Consider it a way to earn a yield on top of a process that already generates one. Using this method, yield farmers can generate income in multiple tiers, which is ideal. Using NFTs for farming is a great way to earn money.

7.    Invest in NFT startups

Investing in NFT companies is a great way to earn money from NFTs. You can indirectly earn money from NFTs when you invest in NFT

Read More - What Is NFT? How To Earn Money From NFT

companies. Non-Fungible-Tokens aren't a fad when it comes to cryptocurrencies. Several industries can benefit from their use, and they have the potential to transform the world. Several promising NFT startups are demonstrating excellent advancements in the crypto market. As they begin their revolutionary journey, investing in them could have a huge impact on their future. Investing in NFT startups is a great way to make money nft without experiencing market volatility directly.