The king of cryptocurrencies, Bitcoin, has started the year poorly, down about 6.9% since the start of 2022, but the market for non-fungible tokens, or NFTs, is booming with investors, institutions, companies and celebrities investing in digital tokens. Their value is steadily rising.
But what about those who would like to receive NFT for free, without investment? It turns out that there are options.
Background of NFT: in general terms about the main
According to a TradingPlatforms report, the total value of NFTs has risen from $100 million in 2020 to over $21 billion in 2021. That is, there is a huge demand for these tokens.
You may have heard talk of the Bored Ape Yacht Club NFT, one of the most famous NFT collections, a whimsical series of unique images depicting a monkey with different personalities. And now big brands have entered the NFT market.
Luxury car manufacturer Mercedes-Benz collaborated with NFT artists to create an exclusive NFT collection.
Nike Inc. acquired digital sneaker brand RTFKT to expand its digital footprint, and Walmart Inc. (WMT) may be heading into the metaverse with potential plans to offer its own cryptocurrency and NFT collection.
All this suggests that it would be good for an ordinary person to get a piece of this NFT pie.
Trading – buying NFT digital assets – is a rather risky business, so many try to find a way to get NFT for free. Therefore, it is on this topic that we will dwell today, without touching on the issue of investment.
Free NFT airdrops
NFTs are a physical or digital asset. This can be anything from intellectual property rights to ownership of an asset. NFTs are expanding into the world of gaming, retail, real estate, sports and other areas. As the usefulness of the NFT expands, its acceptance and popularity will follow.
You can participate in the distribution of NFT tokens for free in various projects, on trading floors and on various platforms that require the fulfillment of a simple condition in order to receive a token – from subscribing to Twitter or Discord platforms to acquiring a share of the company’s tokens. But in any case, it’s not a problem to find free drops on the network – it’s enough to periodically look at news feeds on the relevant topics, study reviews that describe new players on the market.
Developing your own NFT
Non-fungible tokens are especially known in the context of digital art. Artists create NFTs that can then be sold on the market.
NFTs are unique because of their proven ownership that cannot be copied or manipulated. When an item is limited, it becomes more valuable.
The NFT market is speculative and people buy NFTs because they believe they will become more valuable to someone else later. Thus, people collect artistic NFTs because they believe they will increase in value in the future.
Many examples of this pattern are already known to the public, so if you’re good at creating digital drawings, why not try to make something unique. And then put it up for sale as an NFT and get rich.
For example, everyone has heard about the story of “bored monkeys” that went from zero (given away completely free) to millions of dollars – the most expensive copy is now worth about 90 million).
Of the artists who created their own NFT and became famous all over the world, the most famous is Mike Winkelmann (Beeple), who created and sold at auction a collection of digital images consisting of 5 thousand pictures.
The price of the collection amounted to almost 70 million in dollar terms (the sale was carried out in Ethereum, which also became a sensation – earlier the Christie’s auction house had not yet sold lots for cryptocurrency).
It is also worth remembering the artist Banksy, whose work also became an NFT token and became popular. The painting was a material object, but after it was converted into a digital image, it was burned, which also attracted attention.
There are many platforms to create your own token, but the most popular are OpenSea, Rarible and Mintable.
Here you can make both one NFT and a whole collection. To get started, all you need to do is open an Ethereum wallet and pick up content that can be linked to a non-fungible token.
By the way, in addition to fine arts, unique musical works are often used in this role – recordings from a certain concert that have something unusual, videos, models designed in 3D.
Additionally, you can leave a surprise for the future owner by adding content that will be blocked for public access and will be available only to the one who becomes the new owner.
For token creators who want to participate in this business for free, the optimal service would beopensea. He does not take a commission in advance, but withdraws his share for the conversion only when the token is sold, and then from the buyer. Therefore, the author can work without investment at all.
Top Free NFT Games Without Investment
To make money on NFT games without investment, just register in one of the games described below and start playing. This method is most liked by users, since it does not even require intellectual costs – you don’t have to understand the functioning of NFT tokens, how it works in general, you just need to play for fun, following the rules.
Gods Unchained is one of the most popular games that does not require investments and allows players to earn a decent income. For beginners, a welcome bonus is provided here – a set of cards in the amount of 140 pieces.
They cannot be sold – this is how game developers motivate new players to take action within the system. While playing on the platform, gamers open new cards, receive bonuses, and for winning rating battles, they already receive Flux, a special tool that allows you to duplicate cards on the Ethereum blockchain and then sell them through the market.
Guild of Guardians
Guild of Guardians is the latest announced RPG game for smartphone lovers. The launch is planned for 2022, while the developers have focused their efforts on creating a truly free game that does not require spending money on purchasing in-game items that do not exist in reality. Gamers will be able to play for free and earn with their heroes and in-game items without spending any money at all.
An excellent game in the style of the famous Pokemon GO, but based on the NFT mechanics. Chainmonsters allows you to collect internal tokens and special items, which can then be sold on the market. Today, several thousand players are already testing this game and very soon it will be available to everyone not only on a computer, but also on popular game consoles – Xbox, PlayStation and Nintendo.
SPLINTERLDS is a free trading card game. And in general, it is free, but there is one small “but” – in order to trade your own game assets, you will have to invest in the purchase of Scorebook.
The fact that traditional free games give out in-game currencies and items to anyone who signs up underlines that the items are endlessly generated and mostly useless. Splindlands is very different in this regard. All game cards and currency in the game, Dark Energy Crystals (DEC) are limited in quantity and can be bought and sold on various platforms. This means that they are not given away to everyone who registers in the game, and in order to start earning them, players must invest some money.
It may seem that Axie Infinity does not belong on the list of free games, but in fact, here you can get special privileges. This mainly applies to old players who get access to an unofficial scholarship feature, the so-called scholarships, and can share free rewards with other players.
Also, NFT tokens can be obtained for free in social networks, where their various developers organize distribution, attracting new users. There are many options to work with NFT without investment, the main thing is to choose the right one and study the issue well so as not to stumble upon pitfalls.