In the realm of Web 3.0, non-fungible tokens (NFTs) have emerged as an exceptional avenue for ownership, profitability, and exhibition. However, the price tags attached to them can be daunting, making them inaccessible to many enthusiasts.
Nevertheless, fret not! As the NFT market expands, novel notions of NFT distribution have materialized. From the concept of freely minting NFTs to rewarding individuals with complimentary NFTs, various ideas have taken root. The exciting truth remains: the possibility of earning free NFTs exists.
In this article, we will explore five exciting ways to earn a free NFT whereby you can obtain these unique digital assets without spending a single penny.
1. Get free NFT from airdrops
NFT airdrops can be your perfect gateway to acquire a free NFT!
An airdrop involves distributing free NFT or crypto to the general public or selected individuals. To qualify, you might be required to possess a specific token, engage in a contest, or meet certain criteria.
Note that airdrops are primarily employed as a promotional tactic. NFT creators typically launch airdrops to circulate these tokens to influencers, community members, or holders of other NFTs, aiming to generate increased interest in their venture. In essence, NFT airdrops serve as a prevalent means to promote and market new NFT series or projects.
For instance, Yuga Labs granted individuals who possess Bored Ape NFTs a virtual vial containing a mutant serum, which converted their Bored Apes into Mutant Apes, a new version of Bored Apes. To put it simply, Bored Ape owners were bestowed with an airdrop of NFTs that fundamentally altered the nature of their initial holdings.
Platforms such as Twitter, Discord, and Reddit are some of the most prominent social media channels where you can find information about upcoming airdrops. You can also check some of the websites, like Airdrop Alert and NFT Droppers, which integrate lists of ongoing NFT distributions.
However, it is crucial to exercise caution and prioritize your safety by conducting thorough research before engaging in any airdrop activity. Be wary of airdrops received through private messages, as they are often of inferior quality or outright fraud. Moreover, before claiming your NFT, verify the project’s legitimacy and ensure you are accessing the correct website. Particularly, when connecting your crypto wallet to a decentralized application (dApp) website, it is imperative to exercise diligence. Remember that connecting your wallet to any dApp carries inherent risks, so it might be best to create a separate wallet exclusively for airdrop purposes.
2. Look for free NFT mints
Free NFT mints offer another ideal opportunity to grab some digital collectibles without spending any money.
NFTs that can be minted freely represent a variant of NFT drops wherein projects distribute non-fungible tokens without any charge, except for the requisite gas fees for minting. Generally, such minting projects prioritize secondary sale royalties over primary sales earnings. It means that whenever an NFT from the collection is sold on the secondary market, the original team receives a predetermined percentage of royalties.
The concept of free-to-mint NFTs can be traced back to the early times of NFTs. In fact, CryptoPunks, one of the earliest and the most renowned NFT projects to date, adhered to the principles of free claiming. Initially, these NFTs, including CryptoPunk NFTs, were released without any cost, requiring users to only cover a relatively low Ethereum gas fee at that time
Overall, you should stay diligent when engaging with free NFT mints. Firstly, you should strive to create NFTs using a secondary wallet, distinct from your main one. By doing so, even in the event of a fraudulent scheme, your valuable possessions will remain safeguarded and secure. Moreover, grasp the underlying principles of NFT smart contracts to effectively identify deceitful actions embedded in a contract.
That said, you can keep track of available free NFT mint options via websites, like
3. Gain free NFT from giveaways
Participating in free NFT giveaways presents an exciting opportunity to potentially acquire a valuable NFT without any initial monetary investment.
Typically, free giveaways are organized by individual creators, influencers, or brands seeking to amplify their creative work and expand their audience. In other words, these events serve as promotional occasions, allowing individuals to enter for a chance to win a specific NFT or even a collection of NFTs at no cost.
There exist multiple methods to discover free NFT giveaways, which encompass the act of monitoring the activities of creators and influencers across social media platforms, exploring dedicated NFT marketplaces, or becoming a member of NFT-specific communities. You can also spot free NFT giveaways through multiple aggregator platforms and websites like:
Nevertheless, it’s vital to bear in mind that NFT free giveaways often attract intense competition, with thousands of participants vying for a limited number of prizes. Additionally, while legitimate NFT giveaways do exist, it is essential to remain vigilant of potential scams and fraudulent schemes.
4. Make your own free NFT
Besides making efforts to bag free NFTs, making your own free NFT is also a viable option!
A specific type of minting, known as “lazy minting,” allows NFT creators to mint their creations without any initial payment. Instead, the buyer assumes the responsibility of paying the fees during the purchase. Several NFT marketplaces like OpenSea, Rarible, and Nifty Gateway offer the lazy minting option.
An alternative to this is to utilize the Polygon-Matic blockchain, which provides a completely fee-free solution for minting. When you register your NFTs on the Polygon blockchain, you are not obligated to pay any transaction fees.
However, remember that the value of owning an NFT is entirely subjective. Although it may offer advantages like proof of ownership and community benefits, the worth of your NFT is ultimately determined by what someone else is willing to pay for it.
Having said that, placing an NFT up for sale is a simple process that comes at no cost on the majority of NFT platforms. Once you have crafted your NFT and stored it in your digital wallet, you can effortlessly list the digital collectible on your preferred platform. From there, you have the freedom to set the desired price and duration for the listing, enabling you to customize the sale according to your preferences.
5. Get a free NFT from play-to-earn NFT games
In contrast to conventional games, where participants lack authentic possession of their virtual assets, NFT games empower players with absolute ownership and authority over their digital assets.
Every P2E game encompasses an intrinsic NFT marketplace, where one can transact in-game commodities (such as avatars, blades, armor, and clothing). Hence, if gaming is your passion, you may engage in relentless ventures to amass in-game NFTs for later resale within the marketplace. By mastering the game, you can even discover superior strategies for progression and monetization.
If you are a beginner, start by researching different play-to-earn games that offer NFT rewards. Look for games that align with your interests and have a promising reputation in the Web 3.0 community. Some popular play-to-earn games include Axie Infinity and Decentraland.
Note that in order to participate in P2E games and receive free NFT rewards, you will need a digital wallet that supports the blockchain on which the game operates. Common wallet options include MetaMask and Trust Wallet.
After setting up & connecting the wallet, play the game and complete various tasks, quests, or challenges included in its roadmap. Often, these activities reward you with in-game currency, items, or NFTs. Focus on activities that have higher chances of providing NFT rewards. Moreover, participate in tournaments or competitions where players can earn valuable rewards, including NFTs.
As you accumulate NFTs, you can trade them with other players or use them to upgrade your existing assets. In this way, you can acquire more valuable NFTs or generate additional income.
Read more:
http://thetradingbay.com/nft-marketing-guide-how-to-promote-your-nfts/
