NFT giveaway: How can I get an NFT for free?

Have you ever thought about an NFT giveaway and how you can get free non-fungible tokens? Does the fact that you can potentially win some of your coveted non-fungible tokens without paying anything to excite you?

When some NFTs cost a fortune, especially if you are a passionate fan of these tokens, there is nothing better than learning about some special NFT giveaway. Some enthusiastic individuals love to fill their collection with the most wonderful new NFTs, and something like a free NFT giveaway will appeal to them for several reasons.

But before you learn more about the available free NFT giveaways, let’s clarify the term “NFT” itself for beginners and how it became so popular in the last couple of years!

What is NFT exactly?

NFT is short for Non-Fungible Token and refers to financial security consisting of digital data. That digital data is stored in Blockchain technology, the well-known distributive ledger where its ownership of it is recorded. An owner can transfer his NFT, allowing it to be traded or sold.

Any enthusiast can create their non-fungible token since it doesn’t require coding skills. NFTs include references to digital data such as audios, videos, photos, memes, GIFs, tweets, music albums, real estate, etc. Since Non-fungible tokens are strictly uniquely identifiable assets, they are different from other cryptocurrencies such as Bitcoin and Ethereum that are fungible.

Proof of ownership and a public certificate of authenticity

NFTs proponents claim that non-fungible tokens provide proof of ownership and a public certificate of authenticity. However, all legal rights conveyed by a non-fungible token are a bit uncertain.

The NFT ownership is defined by Blockchain technology and doesn’t have inherent legal meaning. In addition to that, it doesn’t necessarily grant intellectual property rights, copyright, or any other legal rights over its associated digital file.

NFT does not restrict the sharing or copying of its associated digital file and does not prevent the creation of NFTs that reference identical files.

The rising of the NFT market

From 2020 to 2021, the NFT market grew dramatically. In 2021, the trading of NFTs increased to 21.000%, i.e., to more than $17 billion. Non-Fungible Tokens have been widely used as speculative investments.

For that reason, they’ve drawn increasing criticism. There are also sayings that NFTs have been linked to the huge energy cost and carbon footprint associated with validating blockchain transactions and their frequent use in art scams.

Considering that the demand for Non-Fungible Tokens has increased greatly in the last few years, it’s no surprise why crypto and NFT enthusiasts are looking for a good NFT giveaway where they can win something special and valuable.

What is an NFT giveaway?

An NFT giveaway is something similar to a crypto-airdrop. It is usually used by numerous Blockchain projects to increase user engagement and raise awareness about their project. Numerous IT project developers organize free NFT giveaways to crypto wallets that meet certain criteria.

Usually, these giveaways are made even before the official launch of the particular project. These NFT giveaways are undoubtedly gaining immense attention since there’s been a continuing boom in collectibles and crypto-based art.

Creating the buzz

Numerous companies and startups have their NFT giveaway projects to create buzz. That buzz is needed to draw the attention of many NFT and crypto enthusiasts eager to invest in new, interesting non-fungible tokens.

An NFT giveaway is a part of a marketing campaign of Blockchain companies to raise awareness about their, often upcoming, non-fungible token (NFT) collection. An NFT giveaway can increase the price of a non-fungible token if there is a lot of publicity.

Promoting their NFTs

As mentioned above, project owners usually distribute their NFTs free to promote them. It’s called an NFT Giveaway or an NFT Airdrop. By allowing all potential participants to deposit tokens in their wallets, giveaways could be a fantastic way to recognize newly-minted NFTs.

Besides promoting these NFTs, an NFT giveaway could also increase the community acceptance and the visibility of a particular token. NFTs are also a good way to encourage new users to join the platform, which is a win-win situation in the long run.

Keep in mind that NFT airdrops or giveaways have a time limit and that there have been numerous NFT giveaways over the years, including the famous Uniswap UNI token airdrop.

Allowing projects to build an NFT community quickly

Many NFT projects offer free NFT giveaways via their Discord channel or Reddit Twitter profiles to promote their valuable collections.

In this way, the projects will get an allowance to build a necessary community of NFT collectors quickly. These collectors can potentially earn a fee NFT in days to come.

NFT giveaway scams

However, this particular method has its issues. These giveaways could also be scams to gain followers fraudulently. What can be even worse is that scammers are very active in the entire cryptocurrency space.

These scammers could often free Non-Fungible Tokens, and it’s up to you to exercise absolute discretion when conducting NFT proceeds online. It is especially important when you consider getting NFTs free of charge.

Social media and NFT giveaways

If you prefer social media, the preferred social media channel for the passionate NFT community is Twitter. Finding new NFT giveaways across Twitter could be easy if you follow hashtags such as #NFTGiveaway.

Besides Twitter, you can also find NFT giveaways and promoted non-fungible tokens on Instagram. To make social media successful, brands need to understand their followers and target audience clearly.

The next step is to convert the audience into customers who will be paying. Remember that there are numerous marketing methods and strategies that companies and startups can use for different social media platforms. The best one will, undoubtedly, help them crack the code.

How to get your NFT for free?

In many cases, the first thing that attracts an audience is NFT giveaways and freebies. To encounter free mints, it’s recommended to be active in the NFT community. These giveaways/airdrops could often be found on NFT platforms such as the famous OpenSea marketplace or crypto data platforms such as CoinMarketCap.

However, there are three major NFT giveaway examples that you can look for when aiming to get your NFT for free:

#1 Twitter Giveaways

Numerous Twitter projects regularly announce giveaways where you can get your NFT for free. Search for certain hashtags and terms related to NFTs airdrops to see which project will appear to you.

Even though there are legitimate NFT Giveaway examples, please beware of the fake ones that offer giveaways to increase their engagement. It’s necessary to follow the project’s official Twitter accounts to be eligible to win the NFT giveaway. In some cases, you will need to tag your Twitter friends.

This is because they’re hoping to cause a chain reaction of Twitter accounts to tag others, as well, and thus make their project viral across the platform.

#2 Discord Giveaways

Another popular social media platform for NFT enthusiasts is Discord. Like Twitter projects, you can easily find Discord projects that give away their NFTs to their community. Usually, on Discord, you’ll see NFT giveaways from other projects to show their great support for their devoted communities.

However, there is a huge difference between Discord and Twitter giveaways. First of all, on Discord, people need time and effort to spot them and keep up with multiple Discords since each operates on its schedule. Thus, it’s not so hard to miss an update.

For that reason, it is essential to monitor your communities and be as organized as possible. Besides being hard to find, a Discord giveaway sometimes limits participation for those who already possess at least one of the NFTs. To qualify successfully, it is essential to have purchased it first.

#3 Play-to-earn games

In addition to Discord and Twitter Giveaways, another great way to get your NFTs for free is to find legitimate play-to-earn games. These particular games were created for those eager to get their NFTs via playing games and to encourage mainstream NFT adoption and NFT trading.

Keep in mind that some games will require a deposit before you can start earning your NFTs. However, there are play-to-earn NFT games that don’t require that and that you need to check out. Unofficial programs and gaming guilds such as the Axie Infinity Scholarship can allow potential players to borrow non-fungible tokens for playing their favorite games and earn completely new NFTs.

#4 Freecash.com

Besides Twitter, Discord giveaways, and Play-to-earn games, there is another way of getting your beloved NFTs free of charge: the Free cash official website. You can earn money by playing games, performing other tasks, and answering survey questions.

For an average user, it takes very little time and effort to make around $20 per hour. It is a great way to earn NFTs by doing things that are for free. NFTs could also be obtained by withdrawing your earned money using cryptos and buying NFTs on OpenSea.

NFT giveaways are fun to participate in

In addition to the potential and great opportunity to get your NFT for free, an NFT giveaway can excite you! It’s fun to participate in online events like this because often, with minimal effort and $0, you can get that very non-fungible token you’ve been dreaming about for so long! What are you waiting for? Find an interesting NFT giveaway today, and you might win your favorite NFT! Good luck!

The post NFT giveaway: How can I get an NFT for free? appeared first on FinanceBrokerage.

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