5 Best Ways to Get Free NFTs
Non-Fungible Tokens (NFTs) became popular in 2021 and have been a buzzword on the internet ever since. NFTs are a digital representation of an asset which can be a song, art, a video or even a tweet. This form of ownership is recorded on the blockchain which ensures that it cannot be stolen or replicated.
Despite the poor state of the overall crypto market this year, NFTs are still going strong. So if you are wondering how to get free NFTs, you are in the right place. Surprisingly, it’s easier than you think, below is a list of the top 5 ways to get free NFTs.
Play to earn NFT games
Play to Earn NFT Games are one of the ways you can earn free NFTs. These games are different from the traditional games we are used to. Unlike your regular games, NFT games allow you to own and trade in-game assets, such as characters, tokens, and items collected in the games.
However, some of these games require you to make some purchases to play and earn. On the other hand, it is free that does not have such requirements. If you don’t have any money to spare, you should check out this list above best free-to-play NFT games.
Additionally, there are marketplaces where these NFT games can be sold for cryptocurrency. But if you intend to keep your earned assets, you can also earn money by lending them to others. This applies to NFT games that require players to purchase some items to play. An example of this is the Axie Infinity Scholarship where players give out their Axies to other players and collect a percentage of their earnings.
NFT Airdrops
Airdrops are a marketing strategy that blockchain-based companies use to increase awareness of a token or project. It often requires a user to hold a certain token to qualify for airdrops. There may also be cases where a small service will be required of the user, such as retweeting or liking the posts on social media.
Established companies use it to reward community members and encourage others to join. One example is Yuga Labs, the creator of Bored Ape Yacht Club (BAYC), which sends Mutant Ape Yacht Club (MAYC) NFTs to BAYC holders. The airdropped NFTs quickly rose in value, changing hands at over $50,000 not long after launch.
However, getting free NFTs through airdrops comes with a level of risk. Most of the times the airdrops are made directly to the wallet addresses of the users and there are cases where the airdrops often turn out to be a scam. Falling victim to such a scam could result in symbolic losses that would be difficult or impossible to recover.
To guard against this, it is important to DYOR (do your own research) on the project and those behind it. Also check the community support behind the project; if it’s minimal or doesn’t look transparent, you might want to move on.
Additionally, there are websites that inform you of upcoming NFT airdrops and how to participate. That way, you will be able to stay ahead of the curve and not miss opportunities.
NFT Giveaways
Social media giveaways, much like airdrops, are a marketing strategy that blockchain-based startups use to raise awareness of their projects. Big companies in the crypto space are also using it to reward their communities and ensure they stay engaged in the long run.
These giveaways often require a level of participation in events, or completion of a specific task. For example, it could be a task such as getting the most likes on Twitter or referring a number of people to join the project’s community.
Twitter and Disagreement are the social media sites where NFT distributions happen. However, discovering these giveaways requires a high level of participation. For Twitter, that means you have to follow the project’s Twitter page to know what they’re up to and if they plan to do a giveaway.
NFT farming
NFT breeding is one of the things that makes NFTs an exciting technology. As the name suggests, NFT breeding involves using two NFTs to create new NFTs. An example is the breeding of axes i Axie Infinity gameverse to breed new characters. These characters, much like their parent NFTs, can be used in-game and across multiple platforms.
While this provides an excellent opportunity for users to earn NFTs, it also favors the projects as users will acquire more NFTs to benefit from this. In addition, there are several ways in which the user can earn money through the new NFTs.
One such way is to sell NFTs on a marketplace. In the case of Axies, the user can lend the newly bred NFT to a player who cannot afford to buy an Axie and earn passive income.
Some projects also make it easy for NFT holders to breed their NFT easily. For example, some NFT communities create a platform where NFT users can connect to find users with NFTs of other genders.
Create yourself a free NFT
The easiest and probably most convenient way to get a free NFT is to make one yourself. Several decentralized applications (DApps), such as Polygon, allow you to create, buy or sell your NFT for free. This removes the high cost of gas taxes that discourage many people from creating their own NFT.
Also, there are a few limitations to what you can create as an NFT. Remember that NFTs are a digital representation of ownership that is stored and secured on the blockchain. Therefore, anything that can be owned can be represented as an NFT; tweets, music, videos, land deeds, art, etc.
Discover the NFT World >> The Ultimate NFT Guide
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*All investment/financial opinions expressed by NFT Plazas are from personal research and experience of our site moderators and are intended as educational material only. Individuals are required to research all products before making any type of investment.
A blockchain maximalist who believes that technology is necessary for the future we are heading towards. An avid researcher and author who uses his writings to inform the outlook in the blockchain space.
