You have surely noticed that since you have been reading this media, it is sometimes very easy to make money with NFTs and therefore to earn Bitcoins, Ether, Ripple, Cryptos or Dollar. Unfortunately, in order to do that, you have to buy NFTs, and that’s the problem! You are not totally wrong. But did you know that you can also get NFTs for free, even in 2022? Ready to get your free NFT drops? Let’s go.
- Why do free NFT drops exist?
- 6 tips to enjoy free NFT drops
- Some precautions to take with free NFT drops
- NFTs, a growing market
Why do free NFT drops exist?
As a reminder, an NFT is a “Non Fungible Token”, which means that it is unique and cannot be exchanged. An NFT is a kind of title registered on a Blockchain; you can find more information on the principle and where to buy NFTs on our other guide.
Considering the hype that some NFT collections have experienced recently (Bored Ape Yacht Club, CryptoPunks, Azuki, Moonbird, …), one may ask “Why on earth are some NFTs available for free? Why give away NFTs when you can sell them and make money with them?”
The reason is quite simple: to create a hype around a collection of NFTs in order to sell them for more money.
If you are an NFT creator, you may have solid fundamentals and a real use for NFTs, but if you don’t have the community behind the project, it won’t work. Distributing free NFTs under certain conditions (editor’s note: which we will see later in our revolutionary “Ebook”, yes yes, just that) proves to be the most effective way to make yourself known and therefore to be able to best value your NFT collection.
Good news, it is possible to get NFTs for free, without any bank transfer and we explain in this guide how to do it, even if you are a beginner and you haven’t learnt everything about the Blockchain and NFTs.
With our guide and its tips, you’ll be able to get your first free NFT today and we wish you, to earn a lot of money and become rich.
6 tips to enjoy free NFT drops
Tip #1 – Participate in a giveaway
In the web3 world, a giveaway is a contest where NFT and/or cryptocurrencies are given away in exchange for something, usually a share on social networks.
Most NFT projects and artists therefore share their projects and promote them by announcing giveaways through their social networks and Youtube channel.
There are several tips to keep in mind to get an NFT through a giveaway. Here is a non-exhaustive list:
- Subscribe to newsletters. This is a good source of information to keep up with giveaways without having to search.
- Follow crypto projects, influencers and bloggers on social networks.
- Look to the marketplaces for upcoming mints: Opensea, Rarible, SuperRare, …
- Type #nftgiveaway on Twitter and you will get the latest news
Be aware that to get a free NFT through a giveaway, you may have to spend a minimum of time.
First, you have to find the right project. Then, you have to actively participate in the project’s community to have more chances to get the NFT, because the most active members are usually rewarded.
After all your efforts, you may have the opportunity to earn $110,000 thanks to a free NFT, which is a great way to make ends meet. On the other hand, it might not be worth anything at the end, but as they say in Lotto: “100% of the winners have tried their luck”.
Tip #2 – Get an airdrop or a Whitelist to enjoy free NFT drops
Unlike a giveaway, an airdrop requires the completion of certain “social tasks” (follow projects, tag friends, post a Tweet about the project, join all their networks, …)
Again, several tricks are possible:
- Keep an NFT for the long term, hoping that the project team will give an NFT from the new collection to anyone who has kept the NFT long enough. This was for example the case with the famous Bored Ape Yacht Club with the Mutant Serum NFT (or the Apecoin corner).
- Use some platforms actively. For example, OpenDAO distributed its SOS token, to anyone who exchanged NFTs from the project. Thus, some people were able to earn several thousand dollars.
- Actively participate in the project’s social networks by inviting friends or volunteering to be a moderator… or any other initiative to help the project grow.
- Get whitelisted. Whitelists usually have limited space so it’s hard to get in, but if you do, you can be sure you’ll make a nice profit.
- Again, you may be lucky enough to get paid comfortably, but the activity can quickly become time consuming like the good old paid surveys. Memories, memories… You’ll need to participate in a lot of projects to maximize your chances.
Tip #3 – Get free NFT drops via Play-To-Earn (P2E)
By actively playing P2E games, it is possible to earn NFT. Some games can help you greatly increase your NFT portfolio with a lot of free NFT drops, such as The Sandbox, Axie Infinity, Sorare… However, some NFTs will completely lose their value over time. So it’s important that you educate yourself about the game.
Look at the roadmap and read what users say about it. This will probably save you from wasting time trying to get a worthless NFT. It is possible to play all sorts of free games that allow you to earn NFTs (card games, casino games, gaming in general with video games, …). To start, you need to download the game (for free), create an account and start playing.
Here are several ways to earn NFT through play to earn games:
- Participating in the Beta version of the game.
- Community involvement. Games like Alien Worlds or Farmers World offered NFTs for active participation.
- “Free starters”. Some games offer NFTs to start playing. Depending on the game, these NFTs can be traded on a marketplace.
- NFT loans. In this case, the borrowed NFTs do not belong to you, but you can use them to start earning rewards without having to spend money to buy an NFT.
- Some play-to-earn games offer competitions to earn free NFTs.
- “Breeding” NFTs. We’ll come back to this in more detail below.
Tip #4 – “Breeding” NFTs
By “reproducible” here we mean “animal” reproduction, not the fact that an NFT can be copied (because it is the essence of an NFT to be unique). The process of reproduction of an NFT consists of “mating” two NFTs in order to obtain a new free NFT drop, with the characteristics of both “progenitors”. The objective is of course to have two rare NFT “parents” in order to obtain a new NFT that is itself rare.
CryptoKitties were one of the first to popularize this economic system. NFTs are mined on the Ethereum blockchain. Once you buy CryptoKitties, you can mate them and produce babies, which can be hybridized to produce more babies.
CryptoKitties have seen a major hype in 2021. For example, CryptoKitties#40, Founder Cat, was purchased on September 9, 2021 for a mere 225 ETH (equivalent to $1,064,022).
No but honestly, who wouldn’t fall for such a pretty face?
The system in Axie Infinity is similar, except that it’s all about raising eggs and hatching them to get new Axies. To create new eggs, players must raise two Axies. This encourages players to want to get more and more Axies to multiply their winnings.
Tip #5 – Participate in events
A lesser known trick is to participate in events. Some large companies with significant resources seek to promote their entry into the metaverse and offer limited NFTs to those attending the event. It is possible that these NFTs will increase in value over time.
As a bonus, you’ll have a great time with content creators and world-renowned luxury brands like LVMH, Dior, Hermès, Rolex, …
Tip #6 – Become an NFT Influencer to enjoy free NFT drops
Becoming an NFT influencer is probably the surest way to get free NFT drops, but you have to be passionate and patient to get there. You need to have a minimum number of followers so that projects will trust you to promote them and give you NFTs in exchange. You can even give NFT in airdrop / giveaway to your community, and monetize your content!
Some precautions to take with free NFT drops
Do free NFTs have “hidden costs”?
If you are lucky enough to be whitelisted to be able to mine (= create) an NFT, some costs may apply, especially gas fees. You have to be careful because some blockchains like Ethereum can require important gas fees (several tens or even hundreds of USD). So even if an NFT doesn’t cost anything in appearance, you should still plan for gas fees.
A scam in the Blockchain world is a scam that aims to make you buy an NFT instead of another one or even get access to your Wallet and empty it completely. Also note that having your funds on a cold wallet like a Ledger Nano will not secure your funds in any way in this case.
So be very careful what links you click on because in the heat of the moment, things can go very fast.
If you are offered a free NFT, always check the social networks of the project, contact the team members if necessary, check the history of the corresponding Blockchain, etc.
Sometimes it’s best to take your time and not give in to the temptation of wanting to get a free NFT quickly so you don’t get scammed stupidly.
NFTs, a growing market
NFTs should not be seen as some kind of free photos, but as tokens that can be exchanged for currencies, currencies or crypto-currencies (USD, Bitcoin, Ether, …) during transactions on exchange platforms like Binance or Kraken. Some have even become self-employed thanks to this activity and earn a lot of money despite the volatility of these digital assets.
Feel free to check out the best sites, groups and videos on Telegram, Discord, Facebook or Youtube to find good plans to resell your NFTs with a good profit.
NFTs can be compared to an art market with auctions and selling to the highest bidder.
Except that the main auction houses (Sotheby’s, Phillips, Christie’s, Heritage Auctions, …) are replaced by marketplaces like Opensea.io, Rarible, NFT Foundation,…
These marketplaces are different depending on the blockchains used and especially the layers (1: Ethereum, Solana, Cardano, BTC; 2: Polygon, Immutable X…).
Buyers of these digital artworks will have to pay more or less important fees depending on the blockchain used. This can be worth it as NFTs have been sold for several million dollars.
By 2021, the traditional art market was worth $50 billion, while the NFT market was worth a volume of $41 billion.
More and more capital is flowing into this highly profitable market. The choice is very wide, between wow nft, alien secret society nft, ape beast nft, … and many others.
Yes… but that’s not what works best if you really want to make money with NFTs: it’s nice to want to get free NFT drops, but isn’t it even better to know how to create and sell your own collection to feed your bank account? More in the next episode…
Coming from a teaching background, I’ve become passionate about the world of Blockchain. I’m eager to learn more and share the fruit of my research through my articles.