recently this nft sold for 10 ethereum
this one for 3.8 ethereum this one for
2.8 ethereum this one for 16 ethereum
and if you know anything about ethereum
you know the price is really high right
now so these guys are making quite a lot
of money and it keeps going on and on
and on and in this video i want to show
you exactly how you can make money with
nfts as a complete beginner now if
you're not sure what a nft collectible
is there are different types of versions
of them a lot of artists sell their
digital art for cryptocurrency
specifically ethereum and cadano but
there's also types of nft collectibles
that get released and you can do what we
call minting and you can mint these
specific nfts and there's different
variations making some rarer than others
so for example this one here is a
picture of a koala bear but it has
different types of variations which i'll
show you later on in this video for
example they have specific rarities and
traits so this one here has a green
background and only ten percent of them
have that it has a police vest only
three percent have that and then there's
like a rarity score as well which takes
in all of those types of traits and it
gives it a specific rarity score now the
rarer the nft the more money you can
make by selling this on the marketplace
but how do you find these nfts what is
minting because that's what you want to
do to get the cheapest price possible
and how can you find active communities
and how can generally how can you get
into this to make some money i'm going
to show you all of that in this video
now this is going to be a super quick
tutorial it's perfect for beginners you
don't need to jump in and go against all
the bigger whales or anything like that
this has got no confusing methods in it
we're going to try and keep this as
simple as possible and in this video
i'll show you everything you need to do
within 15 minutes now before we get into
the tutorial guys for my og subscribers
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let's jump into this tutorial and i'll
show you exactly how to make money with
nfts alright guys so if you are a
complete beginner the first step is to
actually research what nfts are a lot of
you guys might not have any idea what
they are and how they work now my
tutorial is how to make money with them
if you want to know kind of the basics
of nfts what they are how they work what
they essentially do and what's the point
of them you can go and find some
articles online to explain exactly what
they are the first step you want to do
is you want to go to a website called
metamask on metamask you can do this on
chrome iso or android but i recommend
you do it on a chrome browser on a
computer you want to go to install
metamask for chrome now what this is is
this is an extension for chrome and this
is going to be your wallet that you're
going to use to purchase nfts now i've
already got it on my browser and i'm in
a private browser right now but what
it'll say to add it to your chrome
extension and what you want to do is you
want to go add to your chrome and it
will come up as an extension here's an
example here
okay so this is my one right here i have
some ethereum in there and all sorts of
things and i'm ready and i can use this
right now and this is what yours will
look like and will be a little extension
up here on the right well i've got mine
in my browser right now now when you add
it to your chrome
browser you will have to go through some
instructions on signing up to the meta
mask system and essentially it will give
you some private keys and we'll take you
through all the steps on how to set up
your metamask wallet it's very simple to
do just follow the instructions now to
put ethereum onto your um
metamask wallet go to buy and then go
down to
directly deposit ether and go to view
account and it's going to give you an
ethereum
address here okay so this is your
address to send ethereum two now if
you're a complete beginner you will need
to research how to send ethereum but
essentially you should have ethereum
somewhere online whether it's in your
own wallet whether it's in an exchange
and this is what you would copy and this
is what you would send your ethereum to
i'm going to assume that you know the
basics of
cryptocurrencies and how to send and
receive cryptocurrencies okay or you can
buy directly
on your wallet by connecting wire here
or transact if you'd like now the next
step once you've got minima set up is
you want to go to openc.io
so openc.io and what we want to do is we
want to create an account so your
account will look like this you won't
have any nfts in there this is just an
account that i've found it'll get
generated with an um unnamed and it'll
just essentially look like this what you
want to do is you want to go to the
website and there's two ways you can do
it you can go to here and you can go to
metamask if you like or you can use
another wallet i like minibasque or you
can go to create now your one will be a
little bit different because i actually
already have an accounts and that sort
of stuff but essentially just follow the
instructions here and then what it's
going to do is it's going to create an
account for you right so this is my
account here um i'm gonna
blank it out because i don't want people
coming doing silly offers on some of my
stuff but if i go up here i have my
profile my collections my favorites my
account settings and it's all done it's
all connected via this right here all
right guys so the first thing we need to
um kind of understand is why would
people want to buy this type of stuff
well think of it like basketball cards
or pokemon cards right you have your
like your rare ones that you want to
trade you have ones that are not so rare
and i used to do a lot of collecting
basketball cards when i was back in the
day when i was a lot younger and that's
why i get into doing this stuff now on
openc you can go to marketplace and
there's like all types of different
categories there's like artwork and
domain names virtual worlds trading
cards collectibles virtual worlds
there's all these things you can click
on all nfts and all of the nfts are here
now this is probably all foreign to a
lot of you guys so let's just keep this
completely simple for beginners and what
i want to do is i want to focus on one
specific nft and then i'll go through
and show you how you can make money with
nfts and explain to you the rarity and
how all of that type of stuff works so
this is a nft called dropbears nft
and essentially what happens is there's
only 10 000 of these and they're
randomly generated pieces of art
essentially of these koala bears right
they're all randomly generated each one
is different and they're all worth
different types of
money or ethereum now how can they be
worth something well if we look at this
one here this is one of the rarest ones
it goes off what we call properties or
traits so essentially this different
type of like this guy's trying to sell
it for three million i don't think
you'll get that but anyway um it depends
on on the rarity of the art so this one
has an orange background only ten
percent have that out of the ten
thousand um it has gum leaves
uh earrings so the gum leave earrings
only 0.5 percent have that
um it the fur has got blood on it so
only five percent of that and it's a
steampunk so it's got steampunk glasses
and that's only one percent
now this is a really rare one and this
one here is not as ray sees 70 percent
have this trait uh 70 have the uh
nothing in the ears but the eyes one
percent arnie eyes uh so terminator eyes
and then yeah it just depends on the
rarity now you might be asking how can
you actually get these types of things
we can do what we call minting and you
can actually mint them and you don't
actually know what type of rarity you're
going to get when you mint them so let
me explain to you how that works and
this is when you start diving into
finding projects to actually get
involved in all right guys before we
move on i just want to quickly show you
something to help you understand so
there's a thing called a floor price now
the floor price is quite important
because the floor price is the lowest
possible price that these are selling
for right now so keep this in mind now
you could easily just go and buy nfts
and hopefully they go up in the future
or you could buy real ones and stuff
like that but you really want to get the
nfts before they come onto the
marketplace because the floor price can
go up like you can get them for actually
cheaper than the floor price for example
this floor price is 6.6 ethereum so
these are selling for like thousands
upon thousands of dollars but when these
were created called minting these were
not 6.6 so they went up a lot in value
so you want to be actually minting these
if you can this one is would have been a
very hard one to mint because it would
have been a lot of demand and high fees
but you want to be minting them okay and
the kind of money you can make with this
is crazy so like these ones here they're
selling for 6.6 ethereum floor price
these ones here to ethereum if you
like like let me show you right like
they they're not selling for cheap um
let me show you buy now
low to high
so this one here ethereum right this
one's selling for 21 000 and that's the
lowest one and people are purchasing
this type of stuff okay now what he did
is he minted this
so let me explain what minting is and
how you can make money he essentially
got this before it was even on the
marketplace now i do want to warn you
guys this stuff is risky right the this
stuff is only going to sell for what
someone else is willing to pay for it
right you can't just liquidate it
whenever you like you can only liquidate
it when someone else is willing to
purchase this from you okay so it's
really important that you try and get
rare nft so now let me show you how to
make money with nft alright guys so the
next step is you want to come over to a
website called
rarity.tools and i'm going to show you
two things here first i'm going to show
you what minting is and how it works and
i'm going to show you how to research
the next project that you might want to
actually get into so step number one is
click on upcoming up here and this will
show you all of the nft artworks that
are coming out not not every single one
a lot of them you like this is for
beginners if you really want to get deep
into this stuff and you go follow
specific people on twitter and stuff
like that but this will show you
something that come into the market like
for example um this one here got done
today so i'll show you how to mint it
and how that and explain to you uh how
it works let's do it on so if i click on
this pauses right
on this website and i go to palsies what
i can do is i can go to
mint pause
okay and my wallet pops up and then i go
to connect then i go to connect again
and it's connected okay then what i can
do is i can go how many do you want to
mint and i can mint one two three four
whatever i want okay now let's just say
i wanna
mint one i go to can buy and it shows up
and it tells me that um
i can buy one for so the total is going
to be
173
uh dollars but i'm also going to be
paying high gas fees so you need to
learn about guest fees if you don't know
what they are because you can get called
out but i can confirm and i can buy this
right now before i'm going to click
reject but i can do that before it gets
on to the openc market now when it when
i purchase that it'll take about maybe
up to a minute i will then have it in my
profile here it will automatically go in
here and then i own this nft
okay and then i can do whatever i like
with this nft people will start giving
me offers i could sell it if i like but
that's essentially what you do it's
called minting and there's only eight
thousand eight eight eight thousand
eight hundred and eighty eight of these
and every single one is different they
have their own different traits their
own different everything and some are
rare and some are not but you don't know
what you're going to get but this is the
best way to get it because you're
getting them for the cheapest before
they hit the market so how do you know
which one that you should go for next
research is your best friend at the
start don't just come here so this lists
them all but don't just come here and
pick anyone that's getting coming out
soon what i do is i scroll down to ones
that are getting released in at least a
week or more okay ones that i like and
i'll tell you why in a second so this
one here is getting released tomorrow
okay let's say hey bossy bear club i
like this one it's getting released in
like five days or whatever okay cool
there's a few things you want to do
number one the first so
number one you need i actually like the
art hey i like this art it looks pretty
cool and then go to their inst their
see how many followers they have so this
is pretty good they have 3 500 followers
that's pretty good you usually want to
go with people that have over 2 000
followers remember the projects is only
as good as its community
you want to make sure they have a
community so they have a good um
following here you want to make sure
that um followers aren't fake if they
have like 10 000 20 000 followers and
it's like a new project they're probably
fake accounts because these guys only
joined in august 2000 so this month um
so if it's like over 5 000 10 000 in
such a short time it's probably fake
followers but this is a pretty good
amount and you can also get to go down
and see how active things are so things
are quite active this is the number one
thing you want to go and check first the
next thing is you want to go into the
discord okay so i'm going to click on
this
i'm going to join the discord
now they have 3 000 members which is
really good now thing about the discord
okay is you want to try and stay away
from projects that have over 10 000
members the reason is is because when
you're going to mint these projects okay
so when you go to these projects and
they get released
the ones that are
have lots of members and there's heaps
of hype you're probably going to miss
out on the minting because all of the
big whales will come and buy everything
up and you're going to miss out anyway
so it's not really worth trying to mint
those big ones you want to go for the
projects that are small but they have a
lot of potential later on so i'm going
to go accept invite
so just it says what i want to do just
click on that so now i'm in the discord
okay now this is really important you
want to stay in here for about a week
three or four days and you want to see
what the development team do what does
the team do do they help their community
one thing that i was in i was in one
recently and it was so bad that they had
problems the community
the developers the admins the moderators
were banning people they were not
answering questions about the the
project or anything okay you want to get
involved for a few days you want to get
involved you want to talk to people and
you also want to look at their roadmap
this is important if they have a good
roadmap and if they plan on like you
know future things for the specific
project so like a lot of these projects
like pets and stuff and they'll give
them like specific things and it can
really be quite awesome so you want to
read the roadmap and make sure that you
resonate with this and this is something
that you want to get involved in but you
also want to see let me show an example
actually so there's all these things
here let me show you an example of one
that i'm involved in okay so this is one
that i'm involved in the drop bears one
that we talked about um
you'll see that the founders are in here
okay
um they've got good moderators now these
guys are always in here talking to their
community you just want to get a feel of
the community and more importantly you
want to make sure the admins are on the
founders are on all the time you'll find
projects where the discords are just
neglected that the founders and admins
are never online and you know that those
are probably going to be really bad
launches so you want to stay away from
those launches okay so these are really
the two things that you want to look out
for
when you're going for these specific
things so you also want to make sure
they have a good website so this is a
real nice website they've got like a bit
of a backstory which is always good to
have a backstory i'm actually quite
interested in this one to be honest uh
good backstory members perks
quite nice see you know see everything
every single one is different like this
guy here because he's got these money
glasses and a chain he's probably going
to be rare because that'll be a rare
trait um this
military one might be rare
this one will probably be quite standard
this one will probably be quite standard
but there's this is actually looks like
a really good project to be honest i'm
actually never seen this one before but
yeah you want to make sure that um you
are you know aware of the community and
want to make sure it's a good solid
community now to show you kind of one
that dropped recently the the kind of
potential here is this one here called
the baby llama club the floor price
right now is
0.12 ethereum that means that the lowest
price you can buy on for right now on a
buy now is that price okay and people
are actually buying it i've checked the
sales records if i go to ic tools this
is a
program called ic tools uh training
collections last three days we go to
baby llama this is the price that it was
minted for so people were minting it for
0.05
now people were selling it for 0.12 so
if we go low to high
buy now
people are now selling these at a
minimum they haven't been revealed yet
0.1 so a minimum of 420
um 429 dollars now when these got minted
they were you could mince it for 0.05 so
what's that price right so you could
have minted it for 171
and now you can sell them for four
hundred and twenty nine dollars now
there will be some fees involved but you
could essentially double your money by
doing if you can get them into one now
these ones actually revealed soon that's
why they're all the same now one more
awesome feature that this website has is
we can um
we can see so let's say this one here
drop bears right which i'm involved in i
can go to here it's been released i can
go to drop bears in ft
i can find a drop bear
that i want to find so i'm going to
actually go highest because i want to
find a rare one for this
high to low what i can do is i can take
this number right here
and i can copy this number and i can go
to here and i can when you click on the
um drop bears at the top so whatever one
you whatever one when you mint it it'll
come up here a few hours later it shows
you all the top rare ones but let's say
that you've minted one and let's say for
example this is the one you minted i can
go into here and i can put it in the top
left here and i can go to look up
and it tells me how rare it is so it
tells me how rare this specific thing is
so a rarity score of 204 the higher the
better so i have a few that are around
about 100 to 150 and the highest one
i've seen is 300 so it gives you a
rarity score the rarer it is the more
money you could potentially sell it for
it's only worth what someone is willing
to pay but this is kind of how it works
you want to try and mint the rarest ones
it's kind of like a lottery i guess to
if you kind of think about it so that's
how you can make money with nfts it's
fine projects that are getting released
in the next week or so study those
projects ones that you actually like
don't just do any ones go to the discord
be active go to the twitter see if
they've got followers and then when it's
the mint day go and mint some and then
you can potentially sell them for money
on open c if you want some more
tutorials on how to make money online i
will leave some videos up on the right
that will take you through step by step
don't forget to subscribe smash that
like button tap that notification bell
and i'll see one of the videos on the
right