With the surging demand for NFTs and Bored Ape Yacht Club NFTs selling out for a floor price of 265 thousand USD, are there any free options? No doubt people in the NFT community are all wondering what are some of the ways they can acquire these digital assets without any investments.
What is an NFT?
Before we begin describing the best possible ways to get free NFTs, let’s quickly cover what an NFT is. Perhaps one of the most hyped-up-buzzword of this decade, NFTs are ‘Non-Fungible Tokens’. It can also be referred to as a digital asset that exists on a blockchain. As their name suggests, each one of these digital assets is unique and cannot be interchanged.
Some of the most popular NFTs out there include digital art, virtual plots or LANDs, in-game characters or avatars, and other various items that can be used in an open virtual world. With this industry expanding at a rapid pace, crypto enthusiasts are surely finding innovative ways to use these assets.
Minting NFTs vs. NFTs as rewards
You may be wondering what’s the difference between minting an NFT (for free) or receiving it as a reward. Minting is the process of ‘tying’ an NFT into the blockchain and gaining verification as non-fungible tokens. This method or process is usually conducted by network miners who take a small fee for their time, labor, and computational resources.
You could take on the role of such a network miner and claim yours for ‘free’. By minting an NFT yourself, you could store it directly in your wallet, which means it is not protected by anything other than your own security measures.
Whereas, NFTs as rewards are usually by the means of free-to-play play-to-earn games. These gaming ecosystems are carefully designed specifically to stimulate NFT trading and promote its use cases. Instead of paying money as an investment, you pay for these NFTs through your time and effort. Competing in weekly tournaments or conquering battlefields, P2E crypto games reward you in NFTs for your in-game success.
Best Ways to Get Free NFTs
Now that we have covered the basics of NFTs, let’s dive straight into the main bit. Following are some of the best ways through which you can get free NFTs:
Free NFTs Through (Twitter) Giveaways
Perhaps one of the reasons why NFTs gained such popularity is their loyal fanbase surrounding Twitter. Most often NFTs/crypto creators share their upcoming NFT projects on Twitter and use giveaways to promote their launch.
Although a promotional strategy to enter the market, many creators are community-driven and do enjoy giving back to the members. If you are unfamiliar with Twitter, the best way to get started is to look up the most trending hashtags. If you search #NFTgiveway and browse through the latest ones, you could perhaps find a few that are still open.
As with any hype-fuel trend, free NFT giveaways on Twitter are also known to be populated by scammers. So please be careful before engaging in any giveaways that may not seem legit. For example, these accounts are usually filled with bots and copy-pasted comments.
Twitter giveaways usually involve following the creator’s account or re-tweeting their tweets. Sharing about their project on your profile and commenting on their posts. Preferably by tagging your friends and letting them know about it.
However, as the name suggests, Giveaways are not in your control. All you can really do is participate in as many giveaways as possible and increase the likelihood of perhaps winning one. Now suppose you finally do win an NFT after weeks of work. There is no guarantee that the NFT you receive will even be worth the time and effort you put into it.
Participating in NFT Airdrops
Similar to Twitter giveaways, NFT airdrops are another way of promoting a crypto project or game. The main difference is that giveaways are accessible to the entire community whereas airdrops are much more exclusive. In most cases, players need to hold a certain type of crypto asset or inventory to qualify.
There can be many different types of variables tied for you to be able to participate in these airdrops. However, unlike giveaways, airdrops are often adopted by bigger NFT projects. This means if you do get even one NFT through them you end up making a fortune. Some of the most valuable NFTs were released through airdrops.
Be Good at Gaming!
One of the most common ways to earn free NFTs is to be good at specific NFT games. The easiest way is to pick a crypto game you like, get good at it with practice, and you can start earning free NFTs. Many P2E games allow users to earn NFTs by winning matches and tournaments. Some Free-to-Play games allow players to earn free NFTs as well if you’re good at the game! So, this might be your best bet if you love gaming
All in all, there are plenty of ways to get Free NFTs – you just need to be smart enough and work hard enough too. It depends on how you perceive gaming. If you’re just looking to get free NFTs, and you don’t care about gaming – participate in giveaways and discords to get free NFTs. However, if you’re a gamer by heart, and don’t mind the grind, you can work your way up the ladder and earn free NFTs that way. Best of luck!