5 Best Ways to Get Free NFT in 2023: Airdrops, Giveaways
In Brief
Airdrops are the most popular method to get free NFTs
Play-to-Earn NFT games is a good way to get free NFT mints
The word “NFT” evokes images of enormous wealth in the world of cryptocurrency. After all, Beeple and Cryptopunks NFTs have been sold for millions of dollars. The allure of obtaining free NFTs is strong. Is this a pipe dream, or can it be achieved?
What is NFT?
NFT is an acronym for “non-fungible token.” A non-fungible token is a unit of digital data that is not interchangeable with other units of the same type. In contrast, fiat currency and cryptocurrency are fungible, meaning each unit is identical to every other unit in terms of value.
NFTs have a wide range of applications, from digital art and collectibles to in-game items and blockchain-based real estate. The most well-known platforms for NFTs are Ethereum, TRON, and EOS.
Market Overview
The NFT market has exploded in recent months, with a total value of $250 million in 2020. This is a tiny fraction of the cryptocurrency market, which is valued at over $1 trillion. However, the NFT market is growing rapidly, and it is expected to reach $20 billion by 2025.
There are a few factors that are driving the growth of the NFT market. First, the rise of decentralized applications (dApps) has created a need for blockchain-based assets that can be used within these dApps. Second, the increasing popularity of cryptocurrencies has led to a new way to invest in digital assets. And third, the COVID-19 pandemic has spurred a new wave of digital collectibles and gaming.
Growth of the NFT market
The NFT market has grown exponentially in recent months. In January 2021, the total value of all NFTs was $250 million. This is a tiny fraction of the cryptocurrency market, which is valued at over $1 trillion. However, the NFT market is growing rapidly, and it is expected to reach $20 billion by 2025.
The most well-known platforms for NFTs are Ethereum, TRON, and EOS. Ethereum is the largest platform for NFTs, with a market value of $220 million. TRON is the second-largest platform, with a market value of $30 million. EOS is the third-largest platform, with a market value of $17 million.
Five ways to get free NFTs
1. Airdrops
Airdrops are a popular method of distributing tokens in the cryptocurrency world. Essentially, a project will “drop” a certain number of tokens to users for free. Usually, users must perform some sort of action to be eligible, such as holding a certain amount of another cryptocurrency in their wallet.
Airdrops are a great way to get free NFTs because they require no financial investment on your part. However, they can be difficult to find, and you may not be eligible for every airdrop you come across.
2. Faucets
Faucets are another popular method of obtaining free tokens. Cryptocurrency faucets dispense a small amount of currency to users for completing simple tasks, such as viewing an ad or solving a captcha.
Faucets can be a great way to get small amounts of NFTs that can add up over time. However, the earnings from faucets are usually very small and the tasks required to earn them can be tedious.
3. Sign-up Bonuses
Many cryptocurrency exchanges and wallets offer sign-up bonuses for new users. These bonuses can come in the form of free tokens or discounts on trading fees.
Sign-up bonuses are a great way to get started with a new exchange or wallet. However, be sure to read the fine print before signing up as some of these offers may require you to deposit or trade a certain amount of cryptocurrency.
4. Giveaways
There are many cryptocurrency-related giveaways happening online at any given time. Projects will often give away tokens to promote their brand or attract new users.
Giveaways are a great way to get free NFTs, but they can be difficult to find. You can usually find giveaways by following cryptocurrency news outlets or social media accounts.
5. Bounty Programs
Bounty programs are similar to giveaways, but they usually require participants to complete certain tasks, such as writing articles or promoting the project on social media.
How to get started with NFT
Now that you know what NFTs are and how to get them, you’re ready to start collecting! Here are a few tips to get you started:
Do your research
Before buying or selling an NFT, make sure you do your research. There are a lot of scams in the cryptocurrency world, and you don’t want to get taken advantage of.
Use a reputable exchange
When buying or selling NFTs, make sure you use a reputable cryptocurrency exchange. Some popular exchanges that offer NFT trading include Binance, Kraken, and Coinbase.
Store your NFTs securely
Once you’ve purchased your NFTs, it’s important to store them securely. The best way to do this is by using a cryptocurrency wallet that supports NFTs. Some popular wallets that offer NFT support include MetaMask, Trust Wallet, and Coinbase Wallet.
FAQs
Conclusion
NFTs are a new and exciting way to trade digital assets. If you’re looking for a way to get started in the world of NFTs, there are a few methods you can use to get them for free. These include airdrops, faucets, sign-up bonuses, giveaways, and bounty programs.
Additional NFT resources:
Disclaimer
In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.
About The Author
Damir is the team leader, product manager, and editor at Metaverse Post, covering topics such as AI/ML, AGI, LLMs, Metaverse, and Web3-related fields. His articles attract a massive audience of over a million users every month. He appears to be an expert with 10 years of experience in SEO and digital marketing. Damir has been mentioned in Mashable, Wired, Cointelegraph, The New Yorker, Inside.com, Entrepreneur, BeInCrypto, and other publications. He travels between the UAE, Turkey, Russia, and the CIS as a digital nomad. Damir earned a bachelor's degree in physics, which he believes has given him the critical thinking skills needed to be successful in the ever-changing landscape of the internet.
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Damir is the team leader, product manager, and editor at Metaverse Post, covering topics such as AI/ML, AGI, LLMs, Metaverse, and Web3-related fields. His articles attract a massive audience of over a million users every month. He appears to be an expert with 10 years of experience in SEO and digital marketing. Damir has been mentioned in Mashable, Wired, Cointelegraph, The New Yorker, Inside.com, Entrepreneur, BeInCrypto, and other publications. He travels between the UAE, Turkey, Russia, and the CIS as a digital nomad. Damir earned a bachelor's degree in physics, which he believes has given him the critical thinking skills needed to be successful in the ever-changing landscape of the internet.
