How to Flip NFTs For Profit

NFTs are becoming a popular investment due to their recent success.

The sales of NFTs in 2021 amounted to more than $25 billion, and it is expected that this figure will be surpassed by a significant margin in 2022.

If you’re looking to make a profit by purchasing and reselling NFTs, this guide will explain how to do it from the comfort of your home.

How to Flip an NFT – Quick Steps

Before reading our guide, check out our quick tutorial on how to make a profit from flipping NFTs.

Step 1: Choose NFT to Flip: There are thousands of NFTs in the online space that are available to buy from both primary and secondary marketplaces. As such, the first step is to identify an NFT that you believe is undervalued and thus – ideal for flipping. An example would be the upcoming project from Battle Infinity.
Step 2: Visit NFT Marketplace: Now that you have identified the best NFT to flip, you will need to visit the marketplace where the token is listed. NFT Launchpad is a great option for this.
Step 3: Connect Wallet: In order to pay for your NFT purchase, you will need to connect your wallet to the respective marketplace. At NFT Launchpad, the platform supports wBNB tokens via MetaMask, which is the best wallet to buy and store NFTs.
Step 4: Buy NFT: Now you can confirm the purchase of your chosen NFT. In doing so, the wBNB tokens will be deducted from your MetaMask wallet. In turn, you will now own the respective NFT.
Step 5: Flip NFT: Now that you have bought an NFT, it’s time to flip it for a profit. You can actually do this on the NFT Launchpad by setting your own listing price.

Once you have relisted your NFT, you just need to wait for someone to buy it at your chosen price. If you’re able to sell an NFT for more than you paid for it, you’ve made a profit.

If you are new to flipping NFTs, it is best to read our step-by-step walkthrough of the process, which you can find further down in this guide.

Best NFTs to Flip

You need to find NFT tokens that will give you the best chance of making money before you can start flipping them.

To do this, you need to find an NFT that, according to your research, is undervalued. Do you want to learn how to flip the best utility NFTs in 2022?

The following is a list of the five best NFTs to flip right now:

1. Battle Infinity – Overall Best NFT to Flip

The best NFT to flip is Battle Infinity. Battle Infinity is a project that allows you to earn money by playing games and using non-fungible tokens. The presale phase for this project is currently underway, allowing investors to purchase IBAT tokens at a discount.

However, Battle Infinity also has a built-in NFT marketplace where users can browse in-game NFTs, called the Battle Market, and speculate on their price movements. The Battle Infinity ecosystem includes many assets that are structured as NFTs, such as the players involved in the project’s ‘IBAT Premier League’ feature. The fantasy sports element of the app allows users to construct teams of real-world players, with the players’ real-world performances influencing the results.

This approach will cause players’ values to fluctuate in the market. In other words, if a cricket player is doing really well, they will be worth more money because there aren’t as many good players available. This means that people who are good at predicting trends can make money by buyingBattle Infinity NFTs and selling them when events in the real world cause their value to go up.

These areas can be used to store and show off user-created content, as well as providing a place where players can socialize The game Battle Infinity also has an feature where users can buy virtual land. This land can be used to store user created content and also be used as a place where players can socialize with each other. The value of these land parcels will be determined by the amount of people who want them versus the amount of people who have them. A land plot located in a ‘premium’ area of the Battle Arena would be a good investment because it would be easy to sell for a profit.

2. Lucky Block NFT – Top Crypto-Gaming NFT to Flip

The best NFT to flip right now is Lucky Block. This NFT allows people to play in the Lucky Block ecosystem, which is a decentralized lottery that uses blockchain and smart contract technology. This means that lottery games are not controlled by state-backed franchises.

This technology also guarantees that all Lucky Block games are 100% random, fair, and free of manipulation. There are only 10,000 unique tokens in the Lucky Block collection. People who buy the Lucky Block NFT will be able to get a lot of different advantages.

NFT holders get lifetime access to the daily lottery draw. If your NFT number is drawn, this means that you will win 2% of the daily main jackpot prize. For example, if the jackpot prize for that particular day is $250,000, the respective NFT holder would win $5,000.

There are 10,000 Lucky Block NFTs in total, and 25 of them are rare. If you’re one of the lucky few who owns a rare NFT, you could win twice the jackpot amount in the daily lottery game. To reiterate, the Lucky Block NFTs offer lifetime access to the daily draws.

If you own a Lucky Block NFT, you’re eligible to win major giveaways. One lucky person who owns a Lucky Block NFT will win $1 million. Second, a Lamborghini is also up for grabs. There will be two random draws and all owners of the Lucky Block NFT will be automatically entered. There is no cost to enter.

The Lucky Block utility token, which was launched in January 2022, is one of the best-performing cryptocurrencies of this year. If you had invested in Lucky Block tokens during the presale, you would have gained 80x what you originally invested. If the Lucky Block NFT is successful, flipping it could be profitable.

3. Lazy Ape Society NFT – Flipping Opportunity for Those That Missed out on the Bored Ape Yacht Club

If you’re looking to make some quick money by flipping NFTs, the Lazy Ape Society collection is a great option. This series is a great opportunity for those who missed out on the hugely successful Bored Ape Yacht Club NFT to make some profits. There are 10,000 unique Bored Ape Yacht Club NFTs. Some have sold for more than $1 million.

Since many celebrities including Snoop Dogg, Eminem, and Jimmy Fallon have purchased a Bored Ape Yacht Club NFT, it must be cool. The Lazy Ape Society series could potentially be very successful and profitable to invest in. This series will also have 10,000 tokens with lots of different designs.

4. Walruses NFT – High Floor Value NFT Series for Serious Investors

The Walruses collection is an up-and-coming NFT series that could be a great opportunity for flipping. This NFT series features artwork that depicts historical figures as walruses. This includes everyone from Martin Luther King to Gengis Khan.

NFT Launchpad is offering Walrus NFTs for sale at a floor price of 12.41 wBNB. As of writing, this amounts to approximately $5,000. This is the most expensive NFT flipping investment that we will discuss today. If you have the money, the Walrus NFT collection could be worth a lot more in the future.

5. Ballies Origins NFT – Cheap NFT to Flip With Attractive Upside

If you’re looking for affordable NFTs to invest in, you may want to consider the Ballies Origins series. This collection has 9,999 unique tokens. The Ballies Origins NFTs tokens are based on basketball players, with each token having its own unique characteristics.

Each characteristic is either classified as basic or rare. If an NFT has characteristics that are not found in many other NFTs, it is more valuable in the marketplace.

Is NFT Flipping Profitable?

Put simply, NFT flipping can be extremely profitable. The hardest part is deciding which NFT to buy if you’re trying to sell it later.

With thousands of different tokens being traded on various NFT marketplaces, it’s becoming easy for the industry to become oversaturated.

Despite this, you can see how profitable NFT flipping can be by looking at the Bored Ape Yacht Club series.

For example, when the series was first minted in early 2021, you would have paid just 0.08 ETH.
At that time, this amounted to just $200 per NFT.
As noted earlier, Bored Ape Yacht Club NFTs have since sold for more than $1 million each – which includes sales from a vast range of celebrities.
As such, this represents one of the best NFT flipping investments of all time.

There are plenty of NFTs that will not sell well or make a profit.

The most important part of the NFT flipping process is research. By taking this action, you will increase your chances of making a profit.

Best Platforms for NFT Flipping

You’ll need to research specific collections and marketplaces to find the best NFTs to flip.

In order to flip NFTs, you will need to purchase them via a marketplace that supports your chosen token. You’ll need to have access to a marketplace where you can buy and sell NFTs.

Is Flipping NFTs Worth it Anymore?

100%—if you know how to do it.

Learning how to flip NFTs can be very valuable.

The NFT market was valued at $40.96 million in 2018. The number increased significantly to around $338 million in 2020, just two years later. That’s a 740% increase in only 2 years…

NFTs first started to gain popularity in 2021 and have been receiving more mainstream attention since then.

By the end of 2021, the price of the cryptocurrency had increased to $17 billion.

Today, in 2022, there is still a lot of interest in digital assets.

NFT sales averaged around $37 million per month by March 2022. It is not surprising that the NFT market is expected to grow to $21.33 billion by the end of this year and $82.43 billion by 2026.

Still think NFTs aren’t worth it?

Alex Becker, who is well-known in the crypto space, made around $800,000 from flipping NFTs. You can watch his video below to find out how he did it.

Now, You’re Beginning to Understand How to Value an NFT

When attempting to flip NFTs, it is essential to first ascertain their value.

There is no set rule for determining when something is a good deal. NFTs don’t follow the same conventions as other investments, so the same variables don’t apply.

NFTs are largely purchased based on people’s feelings or perceptions.

If one NFT becomes popular, it can increase the value of the token by causing a buzz within the community. If you’re able to spot new trends before others, you’ll be able to make a lot of money by flipping NFTs!

Be wary that the opposite can happen, too.

You might predict that an NFT project is going to be successful if you see a lot of discussion about it on Twitter and Discord. A few weeks go by, and it’s possible that the developers didn’t deliver on the promises they made, causing investors to lose interest. You could have just bought an NFT that is no longer wanted by anyone.

There are several factors you should know before you learn how to flip an NFT.

Rarity

First is the rarity of an NFT. There are some traits that distinguish them from the rest and their number is small. If a collection of non-fungible tokens has few items, it may be a good opportunity to purchase them. The value of the tokens may increase sharply because there is a limited supply.

Utility

Another one is utility. A good NFT will apply to real things. For example, there are many non-fungible tokens (NFTs) right now that are used to tokenize precious metals or real estate. Some items can also be found in online games and can be used to represent land or an asset within the game.

Interoperability

Close to this factor is interoperability. This means that the token can be used in different applications. Let’s say you have an NFT that represents a weapon. If a token can be used in several games, then its price will go up. In order for this to happen, developers would need to come up with a plan and form partnerships with different companies to get the token on multiple platforms.

This is where we connect the social proof factor. If the creators of an NFT have more people aware of them, then the chances for bigger companies or more famous developers to connect with them are higher. In turn, this can lead to interoperability.

NFT Trade History

The history of ownership of an NFT can sometimes tell you if the NFT is valuable. If a token has been created by a famous artist of there is a highly-valued company behind it, the high price is easily explained.

Word on the Street

Sometimes speculation can help create the value of an NFT. If an idea for a cryptocurrency becomes popular quickly and is supported by famous people, its value will increase dramatically, even if it doesn’t deserve that value.

Liquidity

The liquidity of an NFT also makes it more important. They are referring to assets that can be quickly sold on the market, or in other words, have better liquidity. The value of these items will be good, and there is a chance that they will continue to increase in value.

Tangibility

Last but not least, there’s tangibility. NFTs can be digital assets, but they can also be connected to real things. NFTs have been anchored by tickets, for example. Many people consider digital tokens to be a way of buying and selling real estate properties.

Remember, not everything that glitters is gold! The value of an NFT can differ depending on who is looking at it, but there are factors that are generally accepted as contributing to its worth.