Is it possible to own free NFTs? Let’s find out.
NFTs (Non-fungible tokens) are quickly becoming an essential in the digital world.
Like cryptocurrencies before them, a lot of people are feeling a very genuine FOMO. This is because of the stories we have heard in just the last year or so, of NFTs that have sold for hundreds of thousands of dollars, and in some cases millions of dollars.
Presently, most people associate NFTs with overpriced Jpeg pictures, and they strongly believe it is a passing fad.
However, this thinking is mostly flawed. While a majority of NFTs right now are just art, Non-Fungible Tokens have a lot of utility, and art is just a proof of concept.
Those who understand the potential of NFTs may not always have the money to buy them on OpenSea and other marketplaces. However, you don’t always need to spend money to acquire your piece of unique digital assets.
In this article, we’ll look at 6 ways you can acquire NFTs for free.
Create Your Own
NFTs are the next big thing in tech and many other industries. We’ve seen hundreds of celebrities and well-known brands seeking to get involved by creating NFTs and even a handful of creators making millions of dollars from them.
If you want to be a part of the ‘inner circle’ here’s what you should know about getting the outcomes you want.
First and foremost, To begin making NFTs, you must first decide which area of interest you want to focus on.
Because NFTs can have real-world value, their applications have many categories. We can quickly talk about music, memes, games, videos, etc., so long as you are the legal owner of the item.
The Next step is to start minting your NFTs, given that you’ve identified your NFT project. You can choose to include royalties in your projects from each subsequent sale.
The inclusion of Royalties allows you to earn a commission each time your work is purchased by someone else. Choosing a proper blockchain technology is also an ideal factor. Ethereum Tezos, Cardano, Cosmos, and Binance Smart Chain are the most popular platforms to consider.
Last but not least, you need a digital wallet to allow you to fund your project during its initiation by paying some cash in the form of cryptocurrencies.
Metamask, Math Wallet, AlphaWallet, Trust Wallet, and Coinbase Wallet are some of the top NFT wallets right now.
Your wallet should be loaded with some crypto so that you can start creating and trading NFTs with it. The process of creating NFTs can be done quickly on sites such as NFT LaunchPad, crypto.com, Binance, OpenSea, Nifty Gateway, GameStop, and DraftKings.
Also, your digital wallet to the marketplace will assist you in converting your digital file into a marketable NFT after paying the required gas fees.
If you’ve been following the latest trends in the NFTs ecosystem, the word airdrops should not be foreign.
Airdropping simply means distributing non-fungible tokens or cryptocurrency to multiple digital wallet addresses at the same time.
This is commonly done for projects that are just starting or have just gone public.
To qualify for an airdrop, you must typically own a minimum amount of a specific asset, such as an NFT, or have utilized a particular service that allows you for an airdrop, such as trading on a marketplace.
Airdrops are a vital component of the Metaverse ecosystem since they will allow offer value and utility to token holders on the Metaverse, NFTs included.
Some NFT projects reward people who actively engage in their projects with free NFTs, which we refer to as NFT Giveaways.
Some projects may require you to work your way up from a small starting point, while others will be handed to you on a silver platter.
Following the project’s Twitter or Discord is a good way of keeping an eye on the next giveaway.
When attempting to obtain free NFTs, we recommend that you keep an eye out for transaction fees. Platforms with high transaction fees will force you to pay more.
Although the Ethereum blockchain has high transaction fees, networks such as Polygon, Solana, WAX, and ADA are networks that we recommend because they offer low transaction fees.
You can also follow websites like NFT Calendar to have a sense on when giveaways are happening.
NFTs have shown to be a highly worthwhile project to invest in over the last few years because, at the time of writing, very few digital assets have an ROI the same as NFTs.
To begin with, NFTs can breed with one another to make more NFTs, which offers a variety of benefits. It’s possible to make your own NFTs from an offspring that’s already been made.
Also, breedable NFTs provide a way to generate passive income from an NFT with good breeding qualities. The sole drawback is that the value of an NFT decreases overtime for all descendants.
The Axie Infinity game, in which each axis is formed by hatching eggs, is an example of a fantastic creation that uses NFT Breeding.
By breeding two Axies that grow in value over time, players can create new progeny.
Play to Earn NFT Games
With the popularity of Blockchain games growing each day, Play-to-earn games have shown to be the most popular way for gamers to earn passive income from their hobbies.
Players can earn free NFTs or buy them in games like Alien Worlds and Farmers World. These NFTs assist them in improving their game performance and achieving their native token.
Many of these P2E games allow for the NFTs to be traded on marketplaces, which can bring real money to the holder.
Attend Blockchain/NFT Events
If you’re looking for a way to earn free NFTs, NFT events are the way to go Since NFTs continue to scale up at an accelerated rate.
These events will provide you with opportunities to learn more about this innovative technology that is still being adopted worldwide.
Moreover, you will also benefit from free NFTs rewards by engaging in this event. Siggraph 2022, Augmented Enterprise Summit, Immerse Global Summit, and AI VR 2022 are just a few examples of upcoming events.