13 January 2025
4 Simple Methods to Acquire NFTs For Free
A special advantage of non-fungible tokens (NFTs) is that they may be used as a kind of virtual memorabilia. Unfortunately, not everyone can afford an NFT because of its high price. Many avenues exist to acquire NFTs without spending any cash, which is great news. If you want to add to your NFT collection without paying any money, you may do so in a number of ways, such as taking part in airdrops or recommending friends to NFT initiatives. If you are an experienced NFT enthusiast or maybe just starting out, you'll find helpful advice in this blog post on finding rare and valuable NFTs.
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Developers as well as consumers may still generate income in the NFT market in 2022, despite the fact that the value of NFTs has decreased dramatically from the NFT frenzy in 2021. Free non-fungible tokens (NFTs) are always an option for anybody interested in participating in the NFT market who lacks the financial means to acquire Bored Apes, CryptoPunks, or other widely traded NFTs.
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Following are the 4 simple methods that you can acquire NFTs for free:
1. Giveaways
Some NFT initiatives provide opportunities to win free NFTs via frequent giveaways and competitions. Following the NFT initiatives you are passionate about on social media sites like Twitter, Instagram, as well as Telegram is a great way to keep up-to-date on any upcoming giveaways. You may enter several NFT projects' prizes by following the guidelines posted on these sites. Joining an NFT community like a blog, a Reddit community, or a Discord stream is yet another method to find out about free NFTs. Once again, several NFT initiatives will publicize their prizes on various channels. Most NFT giveaways include requirements like retweeting a tweet, like a post, or joining a social media account in order to participate. Make sure to read all instructions carefully before entering any giveaways, since the rules and conditions may differ from one project to the next. The NFT trading platform Rarible often runs prizes that users may enter by doing things like following the project's social media accounts, joining its Telegram channel, and so forth.
2. Airdrops
Participating in NFT airdrops is, perhaps, the simplest method to get free NFTs. Free distribution of tokens or other Cryptocurrency assets to the project's community is called a "airdrop." Typically, it's done to increase exposure for the project, strengthen the sense of community among users, and recognize dedicated contributors. In most cases, participants in a social media campaign or holders of a certain token tied to the project will be eligible to receive an airdrop. Simply register for emails that announce upcoming airdrops for NFTs, or follow social media accounts that often announce NFT airdrops. If you're interested in just one, you may get a token by meeting the necessary criteria and then giving the token's creator access to your wallet. Furthermore, it's generally a good idea to utilize a different wallet or from your primary web3 exclusively for airdrops, both for security and privacy factors.
3. Earn NFTs in P2E Games
Play-to-earn games are another common method of acquiring NFTs without spending real money. Many NFT-powered blockchain games, such as Sorare, provide in-game rewards of complementary NFTs upon reaching certain point totals or upon defeating an opponent in a PvP setting. Most play-to-earn games involve an initial financial investment, usually in the form of the purchase of non-fungible tokens (NFTs) that serve as in-game avatars.
4. Referral Programs
In order to encourage users to invite their friends to participate in NFT markets, several of them provide referral schemes. For promotional purposes, several websites and apps provide "refer a friend" incentives to users in exchange for spreading the word. Sharing a reference code with your pals is a common component of participating in a referral program, and if they join up using your link, you will get a reward, which may be NFTs or other tokens. To provide just one example, NBA Top Shot is a blockchain-based platform that allows NFTs and has a referral program that awards NBA Top Shot Moments (TSMs) to customers who bring in new members. TSMs like these may be redeemed for NFTs or swapped with other users on a decentralized exchange. Be cautious to read the fine print before becoming involved in a referral scheme, since they might vary greatly from one project to the next.
The Bottomline
Many options exist for obtaining complimentary NFTs, many with its own set of pros and cons. It is ultimately up to you to choose the most suitable approach. Game play, freebies, and airdrops all fall under the category of viable methods of acquiring these tokens. Ensure you're not falling for any scams and that the free NFTs you're being offered are legitimate before you waste time and effort on them.
Disclaimer: The author’s thoughts and comments are solely for educational reasons and informative purposes only. They do not represent financial, investment, or other advice.