5 Hacks That Get You Free NFTs
What’s better than a freebie?! Free rewards that could become valuable in the future, that’s what.
Thanks so NFT collections like the Bored Ape Yacht club, many people want to get their hands on the next big NFT. And just like cryptocurrencies before them, there are different ways to get free NFTs if you look hard enough.
We all love free stuff. And when you get an NFT for free and its value eventually grows over time, you’ve got gold on your hands. For those who have been wondering how to get free NFTs, let’s dive in and explore some tricks and hacks that get you free NFTs for your collection.
An Overview of NFTs
Non-fungible tokens (NFTs) are digital tokens built on a blockchain – just like a cryptocurrency. They contain unique data that differentiates them from other NFTs. To understand NFTs, let’s think of regular money. If you get a $100 loan from a friend, you could pay them back in different ways:
- You could give them a single $100
- You could give them five $20 notes
- You could give them two $50 notes
- You could give them ten $10 notes
However you choose, the value remains the same: $100. This is a characteristic of money known as “fungibility.”
NFTs aren’t fungible. This means that no two NFTs are the same. They can’t be swapped for each other without some sort of change in value, because they’re each unique in their own right.
While NFTs have been around for almost a decade now, they’ve only recently broken into the limelight. The market was worth an impressive $41 billion in 2021 alone, and it is expected to continue to grow even more.
How NFTs Work for Gamification
Gamification is one of the most reliable ways for online platforms to grow. We see it all around us – take a quiz and battle for bragging rights using a leaderboard; fill out a survey and you can get a reward; etc.
The concept of gamification has become part of everyday online culture. However, because of its ubiquity, gamification is actually now starting to lose value. The rewards most platforms give tend to be superficial and not so valuable.
In most cases, if you play a game and earn points, all the rewards you gain have no value outside of that gaming ecosystem. The same thing happens with quizzes and other online activities. For most people, these rewards don’t have much value in the real world.
NFTs solve this problem. In order to drive users to conduct some form of activity, a platform could easily offer them NFTs. And, unlike traditional rewards that don’t have much value, users who win NFTs can trade them for actual money.
And if you’re wondering “Can I mine NFT units for free?”, the answer is yes. An NFT is a perfect reward for gamification because it’s quite easy to mint. Today, several NFT marketplaces make it easy for anyone to create or claim an NFT. As a result, online platform developers can easily create them and offer them to users. And, with the possibility of these NFTs fetching high returns, they’re the perfect low-risk, high-reward items to offer users in order to encourage specific actions.
5 Hacks for Getting Free NFTs
As we explained earlier, NFTs make great freebies. And we’re about to answer your top questions, like “Is there free NFTs available anywhere?” and “How do I get them easily?!”. Here are some of the best-kept-secret hacks for getting free NFTs in today’s market.
1. Sign Up for Cryptocurrency Services
The first step is joining services that give free tokens to their users. Since the NFT space is still relatively new, several platforms actually offer free NFTs as an incentive for new users to sign up with them. One good example is the Binance KYC Mystery Box. To encourage new users, the exchange offers Mystery Boxes that contain NFTs. (And we could all use a little more mystery in our lives, right?)
2. Play NFT Games
As we touched on earlier, NFTs have become a big hit when it comes to gaming. While some games such as Axie Infinity require an NFT to start, others give you free NFTs.
Alien Worlds, a blockchain game launched back in 2021, gives players two free NFTs when they sign up. The game also offers opportunities to mint free NFTs and earn loyalty points for frequent players.
Several other games allow you to earn free NFTs when you play and level up. In addition to free cryptocurrencies, these tokens are a great incentive for any player.
3. Look Out for Airdrops
Creators tend to give out free NFTs in the form of airdrops as part of a rollout strategy. This is one of the best options for you if you’ve been wondering, “How do I claim NFTs for free?”
However, you also need to be careful with airdrops. There are a lot of scams out there. Sites like Nftcalendar have NFT airdrop schedules that you can look out for and know they’re legit.
4. Mint Free NFTs
Like airdrops, mints are also a great way for projects to build interest and hype. Basically, minting is the process of claiming an NFT offered by a creator or company. One example is Zora, an NFT marketplace that released a free NFT collection on their anniversary.
So what about other markets? Can you get free NFTs on OpenSea? Yes, you can. OpenSea is the largest NFT marketplace, and it allows some users to access free mints. If you qualify for a free mint, simply connect your wallet and claim your NFT.
Note: You may pay a transaction fee when minting NFTs. These fees are charged by the blockchains and are usually negligible. However, when there’s increased traffic on the blockchain network, minting fees can be quite significant, so be sure to check what kinds of fees you’ll be in for.
5. Play for Giveaways
NFT-focused accounts on social media platforms like Twitter, Reddit, and Discord tend to host tons of giveaways. Some NFT developers use these channels to build anticipation for their collections. And if you can find the right collection, you could qualify for a giveaway and get a valuable NFT entirely for free.
Considering that they don’t cost you anything, you might be wondering, “Are free NFTs worth anything?”
To be fair, there’s no certainty of this. Some NFT projects build initial hype and offer free units to people, but they end up not being able to maintain the momentum. However, there have also been cases where free NFTs such as CryptoPunks became wildly successful.
If the free NFT you got falls into the latter category, you could stand to make a lot of money. And even if it doesn’t, you don’t lose anything, since you got the NFT for free!
Featured image by PiggyBank on Unsplash
