Non-fungible tokens, or NFTs, were one of the buzzwords of 2021. However, as early as 2020, digital artists were already beginning to experience an increase in awareness of their craft. But the bull run of 2021 brought everything to the fore. And despite our current bear market, digital arts remain a vital part of the system. Interest in these digital items has gone past the crypto space and everyone wants a piece of them.
This sounds really tempting, doesn’t it? The best part is that going after these freebies isn’t always a waste of time. With the bear market hitting as hard as possible, everyone is looking for ways to earn and reduce the risk of losing. Some of these free NFTs involve minting, while projects sometimes use these digital assets to reward their members.
How to Get Free NFTs
Thousands of crypto users have asked this question on Google, and thankfully, there are several ways to get NFTs without paying a penny. Sounds good, right? So, here are some of the ways you can get free NFTs:
If you’ve been around for a while, you must have heard of airdrops. Airdrops involve projects giving out free tokens to raise awareness about their projects. Most of the time, projects carry out this giveaway during their early days or when they roll out an upgrade or feature.
The whole idea of an airdrop is to get as many people on board as possible. Some of the biggest names in the NFT market have, sometimes in the past, organized airdrops for their users. NFT projects sometimes use celebrities to raise awareness of their collections. Global stars like Paris Hilton and Jimmy Fallon joined the Bored Ape Yacht Club and took part in a televised giveaway of NFTs from the collection.
The Mutant Veils for BAYC holders, in which holders of Bored Ape NFTs received an exclusive drop of Yuga Lab’s second project, Mutant Ape Yacht Club, is one of the most well-known examples of an NFT airdrop. This complimentary airdrop to Bored Ape owners was estimated to be worth $50,000 as of January 2022. Here is an example:
— BitKeep Wallet (@BitKeepOS) August 1, 2022
Airdrops usually encourage people to embrace projects and boost participation. It’s not too late to get an airdrop if you’ve never had any.
2) Free Mints
Some projects provide free mints in an effort to expand quickly and spark interest. Aside from the gas fee to mint the piece to the blockchain, there is usually no upfront cost associated with free mints. However, note that some blockchains may have higher costs than others. For instance, free mints on Ethereum may cost as much as $100 due to rising gas fees. Here is an example:
Deep Blu FREE MINT Giveaway from SVS Alpha!
Cost To Mint: FREE
Cost Of Gas: FREE
Utility: PREMIUM NFT ANALYTICS SUITE
Winner Chosen in 24hrs, Good Luck! ✅ pic.twitter.com/xvpZkyUnwL
— Sneaky Vampire Syndicate (@SVSNFT) August 4, 2022
3) NFT Giveaways
NFT projects frequently offer free digital assets to participants in exchange for their involvement. For instance, several NFT-related Discord communities give their members access to free NFTs. You can get these details on their Telegram and Twitter pages.
Moreover, some projects reward Discord participants with free NFTs. Let’s not ignore how the Cryptopunks project began. Currently, this NFT collection is one of the most valuable. However, back in 2017, everybody who had an ETH wallet received it for nothing. The collection gained popularity thanks to word of mouth and to its active community.
Launched in June of 2017 by @larvalabs, these Punks were some of the first NFTs minted on the Ethereum blockchain. The humans, apes, zombies, and aliens it features were an inspiration for many of the biggest PFP projects. pic.twitter.com/o2gH3JoBBb
— nft now 💭 (@nftnow) March 3, 2022
4) Play-to-Earn-Games NFTs
Signing up for play-to-earn games is another way of earning NFTs for nothing. These games encourage the trading of non-fungible tokens. Players get rewarded by beating other competitors or completing tasks. The NFTs received as rewards here are one of the most basic use cases of this asset class.
P2e games are a good option to explore. Some games in this category include Axie Infinity, The Sandbox, and Sorare. Here is an example:
Play Flappy bird evolution game free now and earn FEVO coins. Available in desktop version. Play in https://t.co/ywDoMrpW9N
— Flappy bird evolution (FEVO) – BLOCKCHAIN NFT GAME (@flapbirdevo) August 7, 2022
What to do With Free NFTs?
As we will discuss soon, free NFTs are sometimes tricky. Most projects end up playing tricks on their users by not fulfilling their promises. So, intersecting with digital items demands some form of care. After receiving your free NFTs, you can decide to do different things with them:
- Cash-in your free NFTs, especially game-based NFTs.
- Allocate your NFTs on display or hold them to make them become more valuable.
Are Free NFTs Worth It?
Free NFTs depend mainly on the integrity of the platform that issues them. As we advised earlier, it is important to take caution when dealing with the crypto space. NFTs are speculative assets. This means that there are lots of factors that determine if the NFT will be worth the experience.
Therefore, if the project fails to take off, your NFT might be worthless. But there are lots of opportunities if the projects eventually succeed. For example, those who received the highly sought-after Cryptopunks collection in 2017 for free are currently reaping the benefits.
Are Free NFTs Safe?
Non-fungible tokens involve a lot of risks since there are many scammers out there. To ensure your safety, make sure the project giving out the NFT is legit. Do research on them and find out more about their team. If you sense anything fishy about the project, then their free NFTs might as well be contaminated. Therefore, to stay on the safe side, never:
- Share sensitive information such as your seed phrase, etc.
- Do not open any files from unknown sources.
Once you are sure of the project, then you can go ahead with their giveaway or airdrop procedures.
Are Free NFTs Scam?
Not exactly. There have been many legit free NFTs as well as scam projects. Many projects do not intend to give out NFTs, they only use them to gain awareness and participation.
Also, there is some level of scam and risk in the market in general. So, this also includes free NFTs. But if you do your due diligence by ensuring the project is safe, then you have no worries.
Finally, if you liked this article, we have another article about free NFTs that you’ll find very interesting.
Free NFTs are an easy way to get non-fungible tokens if you ever desire to have one. Like we said, staying careful is always an advantage. Our other article details how to get free NFTs on Opensea as well as other details.
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