Everyone is saying NFT and crypto are dying.
5 ways to make money from crypto/NFT during bear season
This is a good sign, “The market only becomes bullish when the optimist eventually turns pessimistic”.
But when the market is purging strongly like now, what can we do to make money?
Here are 5 potential opportunities we can take advantage of to profit from them.
1. Trade Friend Tech
Friend Tech is a platform to help finance X profiles, we can bet on potential creators and buy “shares” from these profiles. The bigger the profile on Twitter, the more people buy and increase the price.
However, there is another way to make money from Friend Tech, instead of betting on individual creators you can trade future friend tech from Hyperliquid.
You will no longer have to compete with bots to buy shares. However, this way you will not receive the airdrop.
Bonus: Friend Tech Bot
Shares Bot is a combination of both current trends:
Shares Bot = Trending platform (friend tech) + trending narrative (telegram/discord trading bot)
2. Long / Short NFT
We have seen several projects go from 10 -> under 4 ETH.
It’s buy-the-rumour -> sell-the-news
If you think an NFT is falling (or rising) then a platform like Tribe3 or NFTPerp allows you to play both sides.
3. Airdrops
We already have thousands of dollars from airdrops like Aptos, Blur, Arbitrum, Optimisism…
There are still some big projects in crypto that have launched and don’t have tokens.
– zkSync
– Debank
– StarkNet
– LayerZero
– EigenLayer
– Scroll
– Mantle
– Zora
– Consensys/MM/Linea
…
4. Hunting WL freemint
In the context of the down market, even top projects like CyberKongz Genkai or Wreck League fell below the mint price.
Probably safest is to hunt for freemints (usually in the form of WL or FCFS).
You can go to freenft.xyz or premint.xyz to register for quality freemint rafters.
5. Join NFTfi’s platforms
NFT Hamlet has articles about making a profit from participating in NFTfi projects such as:
– Liquidity level on sudo (ETH or ETH/NFT pair)
– Set bid price and NFT list on Blur, Tensor
– List NFT on LooksRare
Read more:
The Head of Cool Cats and Cryptopucks Steps Down
The “dark” past belongs to NFT and web3
Sustainable Blockchain Ecosystem with Public Good Staking
