What is NFT flipping?

NFT flipping involves investors purchasing or minting NFTs and selling them on the secondary market, hopefully at a profit. Flipping typically has a short time frame connotation, and this rule stays true in most cases.

Can you flip NFTS for profit on OpenSea?

Because NFTs are rare by nature, there is inherent demand, creating plenty of opportunities to flip them for profit on platforms like OpenSea. Flipping is a loose term for buying low and selling high.

Does flipping NFTS make you rich?

It’s true flipping nfts won’t make you rich or millions, and it requires a lot of talent, skills, and knowing what to look for to be successful at it. Learning how to flip nfts will take time and research. Here’s a great video about the process:

What are NFTS & how do they work?

They are assigned unique identification codes and metadata that distinguish them from other tokens. NFTs can be traded and exchanged for money, cryptocurrencies, or other NFTs—it all depends on the value the market and owners have placed on them. For instance, you could use an exchange to create a token for an image of a banana.