Meme NFTs - The new way to make money?

economictimes.indiatimes.com:

NFT culture. It transformed memes from a mere mode of presenting humorous content and added to their gambit — monetary value. Still confused? Today, you can indeed buy and sell memes and earn lucrative profits. According to recent market reports — the world-famous “Doge” meme NFT was sold for $4 million. Another example highlighting the amount of money one can make in such trades is the “Overly Attached Girlfriend”, which was bought for $411,000 in Ethereum.

Did you Know?

Fan tokens or sports crypto are digital assets that enable sports teams, leagues, clubs, associations and players to strengthen fan engagement.

These numbers do sound exciting. Before getting started on how you can start making money using these, let’s understand the meaning of NFTs.Non-Fungible Token or NFT is a non-interchangeable unit of data stored on a blockchain, a digital ledger. It adds uniqueness, verifiability and credibility to any form of digital art, thereby safeguarding the creator’s work and stopping the rampant duplication that happened before. Once you convert a meme into an NFT, you can easily trade its ownership with other interested parties, and, in the process, increase your earnings. The question that now arises is — how to create a meme NFT? If you have developed a meme, then turning it into an NFT is a hassle-free process. There are a large number of websites, apps, and startups that are providing a platform to digital creators, using which they can convert their files in a few simple steps. In most cases, you begin with selecting a file, then create an Ethereum wallet and add a sum to it. The wallet enables you to join an NFT marketplace, wherein you can list, promote and sell your NFT. Once you have