How to get free NFTs?
A non-fungible token is a digital asset representing physical items such as art, music, in-game items, and videos. They are bought and sold online, frequently using cryptocurrency, and are typically encoded with the same underlying software as many cryptos.
Even though they have been around since 2014, NFTs are now gaining popularity as a popular way to buy and sell digital artwork. Since November 2017, $174 million has been spent on NFTs.
Non-fungible tokens have taken over the world as some well-known celebrities have begun participating in the decentralised finance (DeFi) space. These digital assets have fundamentally altered the landscape of digital communities and networking in general. Some projects within these communities offer free mints or airdrops to qualifying holders, providing an exciting way for new investors to obtain free NFTs.
Four ways to obtain free NFTs
Twitter NFT giveaways
If you're interested in free NFTs, Twitter is probably the first place you should look. Many creators usually share their upcoming projects on Twitter, and some of these projects also launch free NFT giveaways as a promotional strategy.
Even though giveaways are available on all social media platforms, Twitter appears to be the most popular platform for free NFT competitions and gifts.
Follow new creators and projects that frequently offer free NFT tokens via giveaways and, if possible, check out their Instagram, Discord, and other social media accounts. If they have a smaller following on other social media accounts, it will be easier for you to compete for a giveaway on those platforms rather than on Twitter.
NFT airdrops are distributed to eligible individuals, typically project holders. One of the most well-known airdrops was the mutant veils for BAYC holders, in which those who owned one Bored Ape NFT were given an exclusive drop of Yuga Lab's second project, Mutant Ape Yacht Club. This free airdrop to Bored Ape holders is worth around $50,000 as of January 2022.
Because people are often excited to receive free digital assets, this process allows for quick project adoption and growth. Airdrops are also crucial in the community because they give investors something to look forward to when purchasing.
NFT games with earnings
Play-to-earn video games pay users in cryptocurrency for completing tasks or defeating opponents in the game. These decentralised games usually require an initial investment because they require the purchase of NFTs to begin playing. Although the initial investment for some games may be high, the proficiency to earn free NFTs or crypto can make it a worthy venture. Axie Infinity and The Sandbox are two popular play-to-earn games. Sorare is another play-to-earn game that combines Fantasy Soccer with NFTs and Ethereum rewards.
Create your own NFT
Some decentralised applications (DApps) enable you to mint your own NFT on a blockchain. It's important to remember that just because anyone can create it doesn't mean it's valuable.
The worth of an NFT is entirely subjective, though some advantages include proof of ownership and community benefits. When you buy these assets on the blockchain, you get a verified ledger of all transaction history, which makes ownership and overall history completely transparent.
Are free NFTs valuable?
If you want to get a taste of the market, then getting NFTs for free is a great place to start. However, remember that many scammers will try to make things difficult for you.
To begin, it will only help if you avoid any shiny deals and only follow authoritative accounts on social media and news from prominent websites to get ahead of most people struggling to get free NFT tokens.
Free NFTscan be profitable only if you obtain them from trustworthy websites. Recently, a British woman won a free NFT from twitter and sold it for $110K. In the long term, these can be profitable for you, but remember, crypto and NFTs are volatile markets. Conducting a deep analysis of the market before getting involved is advised.
Author: Priya Kumari
Priya is a passionate content writer and the co-founder of Finendorse. She is an enthusiastic crypto investor and has a huge interest in the upcoming digitisation age.