Probability says that you are most likely in crypto for the money, there's nothing bad with that. But crypto is also backed by some impressive tech that opens up new ways for you to earn. Staking, mining, liquidity farming, burns and fee returns from tokenomics are all ways to earn passively. Today I wanted to show you guys briefly how NFTs work and how people are making money off of, images on the internet? Wait, what?

Disclaimer: This is not financial advice.

Why are NFTs useful?

NFTs have faced plenty of scepticism both from the mainstream media as well as crypto adopters. First let's look at what they are and how they work to shed some light on some of the "whats" of NFTs.

You have two Pokémon cards in front of you, one of these is worth $1.000, the other basically nothing more than the paper it's printed on. Why? Well one of these are being made by the company who owns Pokémon, Nintendo. The other one by somebody who wants to make money by imitating their likeness. The price for the actual card is decided by the number of cards and how sought after they are, similar to how marketcap and number of coins in circulation work for normal cryptos.

How do you verify authenticity for the card then? Nintendo has several methods for doing this. They print the cards in holo, which is expensive to replicate. They have a set design they use for all their cards which is complex to fake. They use serial numbers which make these cards trackable, bingo! Here's where NFTs aim to bring authenticity to one of the biggest places of fake things, the internet. It's very hard to do any of these physical safeguards as generally everyone can copy the methods used with their own computer. So the best solution on the market today is to tie the authenticity to a public blockchain, where everyone can verify the item in question themselves.

How do NFTs work

Blockchains work to process data and transactions, keeping a record of how many coins or tokens an address has. If you replace these tokens with trading cards, artwork or in game items, you essentially get NFTs. These are tokens that can hold more data associated with them, what type of data depends on the blockchain. JETNFT make good use of the extra data for their NFTs where cards for football players or race cars have data on the item on the NFT itself. 

NFTs essentially work as a verified item of value that is kept verified on the blockchain. Depending on the blockchain this item can be anything and have several different sets of data, all of this being verified and having a set owner on the blockchain. You can have this for important documents, game files, high value artwork of football players or race cars. The ability to verify the true owner of any of these gives them a inherit value that is different from any form of media that lacks the ability to do so.

How can you make profit?

The bread and butter of any hungry crypto trader, how do I make money? For normal crypto it's supply vs demand, more money being invested means that your coins hold higher value. For NFTs it's a bit harder, there are several factors at play other than supply vs demand. The subject of the NFT can hold value, like the classic Youtube video "Charlie bit my finger" has been turned into an NFT, the video is well known and brings value to the NFT. The NFT can be part of a collection and hold value. Have a powerful underlying blockchain such as Ethereum. Owning an NFT can grant you special benefits such as in-game items or free tickets to sports games. Any of these factors can change and so would the value of NFT. 

A safe bet, or as safe as you can be, is to try and find upcoming projects or subjects that would have their value increased with time. This aspect is what JETNFT has been excelling at, grabbing upcoming talents before they get noticed. Having a NFT for one of the biggest football players before they got famous could net you a very nice profit. JETNFT is also fairly new on the NFT scene, meaning that they have great room for growth for their network aside from their NFTs themselves.

What makes investing through JETcoin different?

There are several ways to earn money, returns or passive income on an investment. The best you can do to make money in crypto is to make educated guesses, which doesn't always work out. JETcoin are making several hundreds of these, all the time. They are striking deals, creating NFTs and putting their name out there, directly rivaling projects such as Chilliz, which is in the top 100. The difference being that they focus on the champions of tomorrow in different sports. 

Holding onto something with imaging rights to one of the potentially upcoming big names in sports could worth significantly more with time. JETcoin is actively seeking out and helping these new talents. This is a big gamble, but those could result in something great.

Aside from the potential earnings from NFT speculation themselves, there are other aspects to this project that can help you turn a profit. The tokens themselves have a big incentive for users to provide liquidity. Tokens are airdropped and users get a large chunk of the transaction fee. There's also other rewards, such as providing above 1 BNB worth of liquidity making you eligible for NFT airdrops.

Have you dipped your hands into the world of NFT trading yet? Do you think that the focus on the champions on tomorrow is a strong NFT investment alternative? I'm myself very curios how this endeavor is going to go, I'll watch on the sideline and cheer for both JETcoin and the upcoming talents.