Anime shows like Pokémon, Dragon Ballz, Cowboy Bepop, and Neon Genesis are some of the top-rated of all time – they’re iconic to anime. Anime is a somewhat niche genre because it’s not exactly mainstream, but there are well over 50 million fans worldwide. It’s the sort of genre that brings people together – especially thanks to Comic-Con, Anime and Gaming Con, and countless Cosplay parties.
From Cosplay events to gaming to the shows we love to watch, anime is spreading its wings and infiltrating more people’s lives – with a helping hand from the plethora of titles available on Netflix. But have you ever thought about how your favorite anime character could make you a passive income? Read on to find out more.
The World Of NFTs
The world of NFTs is your gateway to earning a passive income – potentially. NFTs – although not necessarily a relatively new concept – are the new kid on the block causing an internet storm. If you haven’t heard about them before, NFT stands for non-fungible tokens. Non-fungible means it’s unique, but here’s where it gets confusing – there can be millions of that unique NFT in circulation.
However, the first person who minted that NFT – minted means created and connected to a smart contract, smart contracts being the binding of ownership – will be the only one to own the original.
Make sense? We thought not – NFTs can be tricky to understand because they’re a relatively new concept. It’s essential to do your research to understand the finer details about NFT investment.
Start by exploring OpenSea, the biggest NFT marketplace. Get a feel for what they are, prices, and how people trade them. You’ll need a cryptocurrency wallet and ETH crypto coins to get the trading ball rolling.
Will Anime Be The Rising star?
Yes, anime has the potential to be the rising star. At the minute, the stars are your Bored Ape Yacht Clubs, Crypto Punks, and Doodles. The reason anime might be the next rising star is the demographic of people most interested in NFTs – Asia currently has the highest search rates for various NFTs.
If you look at OpenSea now and type in anime, you’ll find a variety of your most loved anime characters available for a range of prices. The trick is to buy one before it becomes a trend in the hope that it will soon become one – more on how to understand what anime NFTs to put your money on below.
How To Start Investing
The process of investing is relatively simple; it’s knowing what NFT to put your money on and when. First things first, however, you’ll need some ETH – aka Ethereum. Ethereum is one of the two main cryptocurrencies typically used to pay mining gas fees. For NFTs, Ethereum is the coin of choice because NFTs are part of the Ethereum blockchain, but they’re not cryptocurrencies themselves, although you can trade them for crypto…confusing, we know.
To bag yourself some Ethereum, you could use the trading pair ethusdt – that’s Ethereum and Tether. Spot trading – the method of trading where experts combine pairs and spot trade for the current price on the market – can be complex, but third-party brokers can do it for you. The other option is to buy Ethereum outright on market exchanges like CoinBase – but the price of Ethereum is high.
What Anime NFTs Should You Put Your Money On?
Just when you thought it couldn’t get more confusing, you have to decide what NFT to put your money on. There are multiple ways of deciding. The first is to try and discover emerging trends – Twitter is one of the best platforms to do so. Join NFT trading communities and start looking at the posts to familiarise yourself with the language and general NFT chit chatter. You’ll notice many people talking about NFT projects and airdrops – both refer to new NFTs hitting the market.
Some people also like to listen to podcasts; Youtube tutorials and spend time browsing through NFT marketplaces to see what’s new on the market. You might benefit from looking at the cheapest NFTs to see what they are and whether they’ll take off. Animetas, for example, is a collection that’s growing in popularity, with some NFTs now costing nearly $1000, but there are others in the collection selling for $600 or less.
Still, that’s more money than some people have, which is why it’s essential to explore some of the new NFTs hitting the marketplace and decipher whether they’ll increase in value over the next few months or years. Generally speaking, NFTs won’t make you money overnight, but they can over in a few months with the correct investment.
Another curveball here, but you can also acquire NFTs through play-to-earn gaming. Chain Guardians, for example, is a popular NFT play-to-earn game where players complete tasks to earn CGT tokens – the game’s official token – that you could then use to buy the highest quality anime NFTs.
The short and sweet of it is; NFTs aren’t the type of thing you can blindly invest your money into. It takes time, research, and money to begin your NFT journey, but the rewards can be incredible, especially for a passive income. Now is the perfect time to start investing, as the NFT hype is only just beginning, meaning the market isn’t as saturated with investors as it soon will be.