Product

Learn

Company

AKTIO coin

4 Ways to Get Free NFTs in 2023

NFT MARKET_WATCH

NFT is the buzzcronym moving the crypto industry.

NFTs

exploded back in 2021, and since then the technology has been reinventing itself to find valuable use cases. Despite the fact that this year the trading volume of NFTs and average value significantly dropped, NFT collections are attracting thriving communities and NFTs holders are still making a profit from their investments.

 

NFTs can cost from as low as $0.01 and can reach up to millions. While investing in NFTs depends on individual financial capabilities, there are ways to earn free NFTs. Let’s take a closer look at what NFT technology is and discover four simple ways to get free NFTs.

 

What is NFT?

NFT stands for non-fungible tokens. Unlike other digital items, each NFT is unique and cannot be reproduced endlessly. The constantly growing NFT market includes such digital assets as digital art, virtual plots of land, or in-game items in popular titles.

NFTs are becoming a building block technology for metaverse creation, and their importance is likewise growing in the gaming industry. The main reason is that the technology itself has the potential to provide ownership of digital assets online.

NFTs are created through the minting process, when a unique digital asset is recorded on the blockchain. The most used blockchains to create NFTs are Ethereum (ETH), Solana (SOL), and Binance Smart Chain (BSC).

Usually, there are gas fees when creating NFTs. However, it is also possible to mint free NFTs, using so-called lazy minting. It means that the assets are only minted once they are sold. In this way the creators of NFTs do not need to pay the fees, as they are added to the purchase price.

NFTs can be purchased using fiat or cryptocurrencies on various NFT marketplaces, such as OpenSea, Rarible, or Magic Eden.

 

1. Crypto Referral Programs

One way to get free NFTs is through crypto referral and affiliate programs. Different projects often offer them as a reward for sharing an affiliate link and encouraging new users to sign up to the platform.

For example, crypto services gateway Chains.com offers its users access to rewards for inviting others to join the platform. People are rewarded based on the number of referred users and the number of native $CHA tokens purchased. The higher the balance of the referring account, the higher the reward the referring users will get. Rewards include Bitcoin (BTC), Ethereum (ETH), and Bored Ape Yacht Club (BAYC) NFTs.

The Bored Apes collection consists of 10,000 algorithmically generated digital collectibles built on the Ethereum blockchain. They have gained momentum in the crypto world, becoming the most valuable NFT collection to hold. Their prices skyrocketed from 0.08 ETH at launch in 2021 to up to 1080.69 ETH. Apart from simply being a collectible, it has gathered a worldwide community, as NFT holders are granted exclusive access to members-only perks.

 

2. NFT Giveaways

One of the ways to receive free NFTs is giveaways. Creators often use giveaways to promote their NFT projects. The best places to look for upcoming giveaways are social media platforms, such as Twitter, Discord, Telegram and Reddit.

Twitter is, in particular, the number one choice to search information for crypto giveaways. To get free NFTs, Twitter users might need to follow and retweet tweets, tag friends or share information on their profiles. To find the information about the giveaways, users should search hashtags that include the phrase “NFT.”

Another way to find NFT giveaways is to search for them on search engines or joining mailing lists of popular NFT projects. NFT giveaway is a lottery, so winning free NFTs might be challenging, but participating in many giveaways increases your chances of getting a free NFT.

 

3. NFT Airdrops

Free NFTs can be obtained through NFT airdrops as well. NFT airdrops, like any other crypto airdrops, reward NFT holders with additional tokens. The method strengthens the community surrounding specific NFTs and generates publicity.

Airdrops are intended to encourage people to keep their tokens and purchase more. That’s why their target audience is mainly those already owning NFT tokens or engaging in social media campaigns. To receive an airdrop, one should follow the social media accounts and announcements of various crypto and NFT projects of interest.

However, there could be some hazards involved. Occasionally, hackers use free NFTs airdrops to connect malicious smart contracts to the user’s wallet in order to steal their cryptocurrencies. For safety, it is better to use a separate wallet to receive airdrops.

 

4. Play-to-Earn NFT Games

Earning free NFTs is fun with play-to-earn games. While playing these types of blockchain games, players can earn free NFTs by winning battles or accumulating points. The exact ways of earnings depend on the in-game mechanics that differ from one game to another.

Let’s take Axie Infinity as an example. The game resembles the famous Pokemon franchise. Axie Infinity’s main characters are NFTs called “Axies.” Players can earn crypto by winning battles against bots or other players, as well as completing daily quests. NFT breeding also makes it possible to get NFT characters for free by simply using in-game currencies.

In the NFT game Sorare players can win NFTs by winning football tournaments. In the game, players take on the role of football managers, selecting players to form football teams that compete against the selections of other players. Based on their scores, they receive crypto rewards.

Play-to-earn games are useful because they enable players to actually earn free NFTs while playing games. However, there is a catch. In most of the games, players have to either invest a lot of their time, or there is an upfront cost included. For example, players may need to purchase game characters or the necessary tools to advance in the game.

 

 

 

Source : dailycoin.com/4-ways-to-get-free-nfts/ by Paulina Okunytė - October 26, 2022

Join our 60k+
tribe of Akters

Have any questions?

Check our Q&A

About the AKTIO coin

Benefit fully from our ecosystem

What’s new in the App?

We’re adding new features

Customer support

support@akt.io

+353 1 574 7382

Opening hours:

Monday to Friday: 9am - 5pm CET

Company

About

AKTIO coin

Careers

Learn

News

Glossary

AKT Academy

Help

FAQ

Sitemap

System Status

Automata Pay

65-66 Warwick House 4th

Floor, Queen Street, London

England, EC4R 1EB

Automata ICO Ltd

3rd Floor Ormond Building,

31-36 Ormond Quay Upper,

Dublin 7, D07 Ee37

Automata Pay Europe Ltd

3rd Floor Ormond Building,

31-36 Ormond Quay Upper,

Dublin 7, D07 Ee37

Automata Pay Ltd, Reg number 12208424 and incorporated in the United Kingdom is the registered agent of Modulr FS Limited, a company registered in England with company number 09897919, authorised and regulated by the Financial Conduct Authority as an Electronic Money Institution (Firm Reference Number: 900573). Traditional currency will be safeguarded by a licensed bank in segregated accounts in accordance with regulatory requirements.

Automata Pay Europe Limited, Reg number 69028 and incorporated in Ireland is the registered agent of Modulr FS Europe Limited, a company registered in Ireland with company number 638002, authorised and regulated by the Central Bank of Ireland as an Electronic Money Institution (Institution Code C191242). Traditional currency is safeguarded as e-money in accordance with our regulatory obligations. Traditional currency will be safeguarded by a licensed bank in segregated accounts in accordance with regulatory requirements.

Automata ICO Limited, Reg number 690280 and incorporated in Ireland has applied for a Virtual Asset Service Provider registration with the Central Bank of Ireland. Whilst the application is ongoing we are permitted to continue business as a Virtual Asset Service Provider in line with the Central Bank of Ireland's regulatory disclosure statement as required under section 106L of the CJA 2010 in relation to registered VASPS. It is important to note that a registration as a VASP is a registration for Anti-Money Laundering (AML) and Combatting the Financing of Terrorism (CFT) purposes only. While Automata ICO Limited does have certain financial crime control obligations under this registration, cryptoasset services remain largely unregulated. The Financial Ombudsman Service or the Financial Services Compensation Scheme do not apply to the cryptoasset activities carried on by Automata ICO Limited.