If you’ve been thinking of investing in crypto, now could be the perfect time to do so. Bitcoin is picking up some steam, and the massive inflation that we’re seeing all over the world could end up helping deflationary crypto assets. There are also so many different ways to make money with cryptocurrencies and the blockchain these days, and some of them don’t demand that much of an investment. As a matter of fact, some of them don’t require that you spend a single dollar at all. Let’s take a look at some of the ways that you could make money from the blockchain and crypto in 2023.
Play-to-Earn NFT Games
Play-to-earn games are one of the most interesting sectors in the crypto and NFT space, and you should take them seriously. Some of the most well-known play-to-earn games right now include Cyber City and Axie Infinite. In the Cyber City game, players fight in a dystopian futuristic universe and get to farm resources and form communities. They can also earn tokens by owning city blocks within the game. These tokens can then be sold on the open market.
Play-to-earn games have gotten the attention of the gaming world, and there are many more projects in the works. So, if you’ve always wanted to make money from gaming or are a casual gamer who never considered the idea, you should definitely look into what’s going on in this space.
People usually think about buying cryptocurrency, but tend to be a bit scared or even skeptical about mining. However, there is money to be made mining cryptos, and you don’t necessarily have to mine bitcoin either.
There are plenty of lesser-known cryptos that offer great profit potential. The most important thing here is making sure that your energy costs are lower than what you’re getting in return. If energy is expensive where you are, then it would probably be better to look at other opportunities, but if you are blessed with cheap energy, this could be an opportunity to make a lot of money.
If you want to start mining, you will need to learn about graphics cards. While they are traditionally made for gaming and rendering graphics, they are also the main component in mining rigs, not processors. So, you have to know which cards work for mining, how performant they are, and which ones offer the best value.
Trading NFTs is still a good option right now, and, if you’re willing to go beyond the surface, you could catch a few good opportunities there. Make sure that you know which ones are moving the needle in the NFT space, and get involved in the community. Also, make sure that you learn about specific teams and what they mean for the community.
These are all great ways to make money with crypto on the blockchain this coming year. Consider all of these options, and always make sure that you are truly informed about any product or project before getting involved.